secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2022-08-08T23:59:59+00:00
Accession:  0001524358-22-000028
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marriott Vacations Q2 contract sales $506M (+40% YoY); adj. EPS $2.87
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- Contract sales of $506M, up 40% YoY; VPG increased 7% to $4,613.
- Net income $136M ($2.97 diluted EPS); adjusted net income $131M ($2.87 adj. diluted EPS).
- Adjusted EBITDA $255M, up 55% YoY; Segment adj. EBITDA margin 36%, up 500+ bps.
- Returned $219M to shareholders in Q2 via buybacks ($193M, 1.4M shares at avg $136) and $26M dividend.
- Closed on sale of VRI Americas and Puerto Vallarta hotel for >$100M total cash proceeds.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435822000028/0001524358-22-000028-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435822000028/vac-20220808.htm
  HTML page:      https://secwatch.observer/filing/0001524358-22-000028

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