Marriott Vacations reports Q2 net income $90M ($2.17 EPS), contract sales down 10% YoY

MARRIOTT VACATIONS WORLDWIDE Corp

2023-Q2 EPS reported $4.23 revenue$2,347,000,000

Contract sales $453M (-10% YoY); VPG $3,968 (-14% YoY); tours +4%.
Net income $90M vs $136M prior; diluted EPS $2.17 (-27%).
Adjusted EBITDA $222M (-13% YoY); Segment Adjusted EBITDA $245M.
Repurchased 621k shares for $82M; Board increased buyback auth. to $600M.
Updated FY2023 outlook; expect full-year contract sales growth.

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 the quarter ended June 30, 2023 results: net income $90 million, EPS $2.17.

Period: the quarter ended June 30, 2023
Net income: $90 million
EPS: $2.17
Result: reported results

Exact text from the filing

Net income attributable to common shareholders was $90 million compared to $136 million in the prior year, and fully diluted earnings per share decreased 27% to $2.17.

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 0001524358-23-000028

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.