secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2023-11-01T23:59:59+00:00
Accession:  0001524358-23-000037
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435823000037/0001524358-23-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435823000037/vac-20231101.htm
  HTML page:      https://secwatch.observer/filing/0001524358-23-000037

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer