secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2024-02-21T23:59:59+00:00
Accession:  0001524358-24-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435824000003/0001524358-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435824000003/vac-20240221.htm
  HTML page:      https://secwatch.observer/filing/0001524358-24-000003

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