MVW Q1 net income $87M, EPS $2.06 (+67% YoY); contract sales +10% to $434M

MARRIOTT VACATIONS WORLDWIDE Corp

2023-Q1 EPS reported $2.06 revenue$1,169,000,000

Net income attributable to common shareholders $87M ($2.06 diluted EPS) vs $58M ($1.23) a year ago; adjusted EPS $2.54 vs $1.71.
Consolidated contract sales $434M (+10% YoY); VPG $4,358. Vacation Ownership segment revenue ex-reimbursement +16%.
Adjusted EBITDA $203M (+8%); Segment Adj EBITDA $229M with >31% margin.
Returned $134M to shareholders: $80M in share repurchases (522k shares) and $54M in dividends.
Liquidity $1.0B including $306M cash; April timeshare securitization of $380M notes at 5.52% weighted avg rate.

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 0.95

MARRIOTT VACATIONS WORLDWIDE Corp reported first quarter 2023 results: net income $87 million, EPS $2.06.

Period: first quarter 2023
Net income: $87 million
EPS: $2.06
Result: reported results

Exact text from the filing

• Net income attributable to common shareholders was $87 million compared to $58 million in the prior year, and fully diluted earnings per share increased 67% to $2.06.

View on SEC.gov

41 earnings releases filed in the last 30 days. Browse all earnings releases →

MARRIOTT VACATIONS WORLDWIDE Corp filing history →

Source: SEC EDGAR

accession 0001524358-23-000016

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.