Marriott Vacations Q4 contract sales $454M (+12% YoY); FY22 record $1.84B; guides 2023 +5-9%

MARRIOTT VACATIONS WORLDWIDE Corp

2022-FY EPS reported $8.77 revenue$4,656,000,000

Q4 2022: net income $88M ($2.08 EPS); adjusted net income $115M ($2.74 EPS); Adjusted EBITDA $239M.
FY22 contract sales $1.84B (+34% YoY); net income $391M ($8.77 EPS); adjusted net income $458M ($10.26 EPS).
FY22 share repurchases: 5.1M shares for $701M; Q4 repurchased 1.2M shares for $173M at avg $139.90.
2023 guidance: contract sales +5-9% YoY; net income $405-440M ($9.51-10.30 EPS); adjusted FCF $600-670M.
Hurricanes negatively impacted Q4 contract sales by ~$13M and adjusted EBITDA by ~$7M.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MARRIOTT VACATIONS WORLDWIDE Corp reported the fiscal year ended December 31, 2022 results: net income Net income attributable to common shareholders was $391 million, EPS $8.77 fully diluted earnings per share.

Period: the fiscal year ended December 31, 2022
Net income: Net income attributable to common shareholders was $391 million
EPS: $8.77 fully diluted earnings per share
Result: reported results

Exact text from the filing

Net income attributable to common shareholders was $391 million, or $8.77 fully diluted earnings per share.

View on SEC.gov

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MARRIOTT VACATIONS WORLDWIDE Corp reported full year 2023 results: net income Net income attributable to common shareholders to be $405 million to $440 million, EPS $9.51 to $10.30 fully diluted earnings per share. Guidance initiated.

Period: full year 2023
Net income: Net income attributable to common shareholders to be $405 million to $440 million
EPS: $9.51 to $10.30 fully diluted earnings per share
Guidance: initiated
Result: guidance update

Exact text from the filing

The Company expects contract sales in 2023 to grow 5% to 9% compared to the prior year and for Net income attributable to common shareholders to be $405 million to $440 million, or $9.51 to $10.30 fully diluted earnings per share.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MARRIOTT VACATIONS WORLDWIDE Corp reported the quarter ended December 31, 2022 results: net income Net income attributable to common shareholders was $88 million, EPS $2.08 fully diluted earnings per share.

Period: the quarter ended December 31, 2022
Net income: Net income attributable to common shareholders was $88 million
EPS: $2.08 fully diluted earnings per share
Result: reported results

Exact text from the filing

Net income attributable to common shareholders was $88 million, or $2.08 fully diluted earnings per share.

View on SEC.gov

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Source: SEC EDGAR

accession 0001524358-23-000006

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