secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2024-05-06T23:59:59+00:00
Accession:  0001524358-24-000037
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435824000037/0001524358-24-000037-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435824000037/vac-20240506.htm
  HTML page:      https://secwatch.observer/filing/0001524358-24-000037

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