earnings
confidence high
sentiment positive
materiality 0.70
Travel + Leisure Q2 adj. EPS $1.88 (+14% YoY); raises FY adj. EBITDA guidance
Travel & Leisure Co.
- Net revenue $1.06B; net income $109M ($1.72 diluted EPS); adjusted diluted EPS $1.88, up 14% YoY.
- Gross VOI sales $693M (+6% YoY); VPG $3,318 (+2%); tours +1%.
- Vacation Ownership segment revenue $907M (+6%), adj. EBITDA $247M (+13%).
- Raised full-year adj. EBITDA guidance to $1,065M-$1,085M; Q3 adj. EBITDA guidance $275M-$285M.
- Issued $900M senior secured notes at 6.25% to redeem $650M 6.625% notes; returned $125M to shareholders.