secwatch.observer — SEC 8-K summary
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Issuer:     Travel & Leisure Co. (TNL)
CIK:        0001361658
Form:       8-K
Filed at:   2024-07-24T23:59:59+00:00
Accession:  0001361658-24-000142
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Travel & Leisure Q2 adj EBITDA $244M; raises FY 2024 guidance to $915-935M
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- Net income $129M ($1.36 diluted EPS) on revenue $985M; adjusted diluted EPS $1.52.
- Tours +13% YoY, new owner tours +22%; VPG >$3,000; Vacation Ownership revenue +5% to $807M.
- Full-year adj EBITDA guidance raised to $915-935M (prior $910-930M); Q3 adj EBITDA guided $235-245M.
- Returned $105M to shareholders ($35M dividends, $70M buybacks); board added $0.5B to buyback auth.
- Closed $375M term securitization post-quarter with 5.6% avg coupon; net debt leverage 3.5x.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361658/000136165824000142/0001361658-24-000142-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361658/000136165824000142/wyn-20240724.htm
  HTML page:      https://secwatch.observer/filing/0001361658-24-000142

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer