Marriott Vacations Q3 net income drops to $42M; loan loss provision, Maui fires weigh

MARRIOTT VACATIONS WORLDWIDE Corp

2023-Q3 EPS reported $5.33 revenue$3,533,000,000

Net income $42M ($1.09 diluted EPS) vs $109M prior year; adjusted EPS $1.20.
Contract sales $438M; VPG $4,055, up $87 sequentially but hit by Maui fires.
$59M loan loss provision cut net income by $36M, adj. EBITDA by $49M.
Maui wildfires estimated to reduce contract sales by $28M and adj. EBITDA by $24M.
Repurchased 793,300 shares for $86M; declared $0.72 quarterly dividend.

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 0.9

MARRIOTT VACATIONS WORLDWIDE Corp reported third quarter 2023 financial results results: net income Net income attributable to common shareholders was $42 million, EPS fully diluted earnings per share was $1.09.

Period: third quarter 2023 financial results
Net income: Net income attributable to common shareholders was $42 million
EPS: fully diluted earnings per share was $1.09
Result: reported results

Exact text from the filing

Net income attributable to common shareholders was $42 million compared to $109 million in the prior year, and fully diluted earnings per share was $1.09.

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 0001524358-23-000037

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.