earnings
confidence high
sentiment positive
materiality 0.75
Marriott Vacations Q1 adjusted EPS $1.70, contract sales $394M, beating pre-pandemic levels
MARRIOTT VACATIONS WORLDWIDE Corp
2022-Q1 EPS reported
$1.23
revenue$1,052,000,000
- Net income $58M ($1.23 diluted EPS); adjusted net income $81M ($1.70 adjusted EPS).
- Vacation Ownership contract sales $394M, VPG $4,706 (slightly higher YoY, +9% sequential).
- Adjusted EBITDA $188M, 13% above 2019 level; Segment adjusted EBITDA $199M.
- Returned ~$168M to shareholders: ~765k shares repurchased for $119M, two dividends $49M.
- Amended credit facility to $750M, maturity extended to Mar 2027; VRI Americas sale closed post-quarter.