earnings
confidence high
sentiment neutral
materiality 0.55
Travel + Leisure Co. Q3 net income $97M, adjusted EBITDA $242M; reaffirms full-year guidance
Travel & Leisure Co.
2024-Q3 EPS reported
$4.11
revenue$2,893,000,000
- Net income $97M ($1.39 diluted EPS); revenue $993M; adjusted EPS $1.57.
- Vacation Ownership revenue $825M (+2% YoY); tours up 4%, VPG above $3,000.
- Travel & Membership revenue $168M (-3% YoY); Adjusted EBITDA flat at $62M.
- Reaffirmed full-year adjusted EBITDA guidance $915M-$935M; Q4 guidance $240M-$260M.
- Closed $325M securitization at 5.18% coupon; returned $105M to shareholders.