secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2022-02-23T23:59:59+00:00
Accession:  0001524358-22-000009
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marriott Vacations Q4 contract sales $406M, above 2019; Adj. EBITDA $219M; 2022 outlook strong
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- Q4 contract sales $406M, +7% sequentially, exceeding 2019 levels. Net income $61M ($1.39 EPS); adj. EPS $2.38.
- Full year 2021: contract sales ~$1.4B; adj. EBITDA $657M; net income $49M ($1.13 EPS); adj. net income $190M.
- 2022 outlook: contract sales $1.675-1.775B, adj. EBITDA $860-920M (+35% at midpoint vs 2021).
- Repurchased 463k shares for $74M in Q4; paid $0.55/share dividend (~$23M), first since pandemic.
- Ended 2021 with ~$1.1B liquidity ($342M cash, $598M revolver capacity); completed $425M securitization at 1.64%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435822000009/0001524358-22-000009-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435822000009/vac-20220223.htm
  HTML page:      https://secwatch.observer/filing/0001524358-22-000009

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