Marriott Vacations Q1 net income $47M, contract sales $428M (-1% YoY); reaffirms FY guidance

MARRIOTT VACATIONS WORLDWIDE Corp

2024-Q1 EPS reported $1.22 revenue$1,195,000,000

Net income $47M ($1.22 diluted EPS) vs $87M prior year; adjusted net income $71M ($1.80 adj. diluted EPS).
Contract sales $428M (-1% YoY); excluding Maui +3%. Adjusted EBITDA $187M (-8% YoY).
Repurchased 280K shares for $24M, paid $54M in dividends during the quarter.
Reaffirmed full-year contract sales and Adjusted EBITDA guidance; CEO says summer reservations up YoY, Maui demand near pre-wildfire levels.

item 2.02 item 7.01 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 the quarter ended March 31, 2024 results: net income Net income attributable to common stockholders was $47 million, EPS fully diluted earnings per share was $1.22. Guidance reaffirmed.

Period: the quarter ended March 31, 2024
Net income: Net income attributable to common stockholders was $47 million
EPS: fully diluted earnings per share was $1.22
Guidance: reaffirmed
Result: reported results

Exact text from the filing

Marriott Vacations Worldwide Reports First Quarter 2024 Financial Results ORLANDO, Fla. – May 6, 2024 – Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW,” the “Company,” “we” or “our”) reported first quarter 2024 financial results.

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Source: SEC EDGAR

accession 0001524358-24-000037

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