secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2023-02-22T23:59:59+00:00
Accession:  0001524358-23-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435823000006/0001524358-23-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435823000006/vac-20230222.htm
  HTML page:      https://secwatch.observer/filing/0001524358-23-000006

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