Marriott Vacations Q4 contract sales $447M; adj. EPS $1.88; dividend raised to $0.76

MARRIOTT VACATIONS WORLDWIDE Corp

2023-FY EPS reported $6.28 revenue$4,727,000,000

Consolidated contract sales fell 2% YoY to $447M; ex-Maui fires would have grown 4% with tours +4%.
Net income $35M ($0.93 GAAP EPS); adjusted net income $75M ($1.88 adjusted EPS).
Q4 adjusted EBITDA $186M; Maui wildfires reduced net income by $17M and EBITDA by $24M.
Repurchased 431K shares for $38M in Q4; full-year repurchased 6% of shares for $286M and paid $106M dividends.
Provided 2024 guidance; CEO says Abound transition complete, focusing on tech-driven revenue growth and cost savings.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

MARRIOTT VACATIONS WORLDWIDE Corp reported quarter and fiscal year ended December 31, 2023 results: net income $35 million, EPS $0.93. Guidance initiated.

Period: quarter and fiscal year ended December 31, 2023
Net income: $35 million
EPS: $0.93
Guidance: initiated
Result: reported results

Exact text from the filing

Net income attributable to common stockholders was $35 million and fully diluted earnings per share was $0.93.

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Source: SEC EDGAR

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