---
schema_version: "secwatch.filing_event.v1"
accession: "0001524358-23-000016"
form_type: "8-K"
ticker: "VAC"
cik: "0001524358"
company_name: "MARRIOTT VACATIONS WORLDWIDE Corp"
filed_at: "2023-05-03T23:59:59+00:00"
generated_at: "2026-06-16T01:01:39.464233+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "medium"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001524358-23-000016
- form_type: 8-K
- ticker: VAC
- cik: 0001524358
- company_name: MARRIOTT VACATIONS WORLDWIDE Corp
- filed_at: 2023-05-03T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: medium
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1524358/000152435823000016/0001524358-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1524358/000152435823000016/vac-20230503.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001524358-23-000016
- JSON: https://secwatch.observer/filing/0001524358-23-000016.json
- Plain text: https://secwatch.observer/filing/0001524358-23-000016.txt

## Key facts
- Earnings Releases
  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
  source text: • 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.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1524358/000152435823000016/0001524358-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.