secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2022-10-31T23:59:59+00:00
Accession:  0001524358-22-000035
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marriott Vacations Q3 contract sales up 27% to $483M; adj. EPS $3.02, repurchases $216M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435822000035/0001524358-22-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435822000035/vac-20221031.htm
  HTML page:      https://secwatch.observer/filing/0001524358-22-000035

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