Maui wildfires to cut Q3 contract sales by $25-30M, Adjusted EBITDA by $22-27M

MARRIOTT VACATIONS WORLDWIDE Corp

Physical damage minimal; all Owner/exchange reservations cancelled through Sept 10; transient through Sept end.
Q3 contract sales expected loss of $25-30M, net income loss of $16-19M, Adj. EBITDA loss of $22-27M.
Nearly 1,700 Maui associates affected; Company providing disaster pay, housing, food, supplies, counseling.
Fourth-quarter impact depends on resort reopening timing and travel recovery to Maui.

item 2.02 item 7.01 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

MARRIOTT VACATIONS WORLDWIDE Corp reported third quarter results: net income $16 to $19 million. Guidance lowered.

Period: third quarter
Net income: $16 to $19 million
Guidance: lowered
Result: guidance update

Exact text from the filing

the Company currently expects the marriottvacationsworldwide.com Maui wildfires to negatively impact its third quarter Net income attributable to common shareholders by $16 to $19 million and its Adjusted EBITDA by $22 to $27 million.

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Source: SEC EDGAR

accession 0001524358-23-000033

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