secwatch.observer — SEC 8-K summary
======================================

Issuer:     Travel & Leisure Co. (TNL)
CIK:        0001361658
Form:       8-K
Filed at:   2025-10-22T23:59:59+00:00
Accession:  0001361658-25-000313
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Travel + Leisure Q3 net income $111M; raises FY adjusted EBITDA midpoint to $975M
--------------------------------------------------------------------------------

- Net income $111M ($1.67 diluted EPS) on $1.04B revenue; adjusted EPS $1.80, adjusted EBITDA $266M.
- Vacation Ownership revenue $876M (+6% YoY); VPG $3,304 (+10%), 18th straight quarter >$3,000.
- FY2025 adjusted EBITDA guidance raised to $965M-$985M (midpoint $975M) from $955M-$985M.
- Returned $106M to shareholders: $36M dividends ($0.56/sh) and $70M share repurchases (1.2M shares).
- Issued $500M secured notes at 6.125% to refinance $350M notes; closed $300M timeshare securitization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1361658/000136165825000313/0001361658-25-000313-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1361658/000136165825000313/wyn-20251022.htm
  HTML page:      https://secwatch.observer/filing/0001361658-25-000313

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