secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0001524358-22-000016
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marriott Vacations Q1 adjusted EPS $1.70, contract sales $394M, beating pre-pandemic levels
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435822000016/0001524358-22-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435822000016/vac-20220505.htm
  HTML page:      https://secwatch.observer/filing/0001524358-22-000016

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