earnings
confidence high
sentiment positive
materiality 0.75
Marriott Vacations Q3 contract sales up 27% to $483M; adj. EPS $3.02, repurchases $216M
MARRIOTT VACATIONS WORLDWIDE Corp
2022-Q3 EPS reported
$6.68
revenue$3,468,000,000
- Consolidated VO contract sales $483M (+27% YoY); VPG up 1% to $4,353.
- Net income $109M ($2.53 EPS); adjusted net income $131M ($3.02 adj. EPS).
- Adjusted EBITDA $284M; excluding Alignment impact, $240M (+17% YoY).
- Repurchased ~1.7M shares for $216M at avg. $129/share; YTD returned >$600M.
- Alignment accelerated revenue and lowered reserves, adding $33M net income and $44M adjusted EBITDA.