secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT VACATIONS WORLDWIDE Corp (VAC)
CIK:        0001524358
Form:       8-K
Filed at:   2026-02-25T23:59:59+00:00
Accession:  0001524358-26-000006
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marriott Vacations Q4 net loss $431M on $546M impairment; adj EBITDA $186M
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- Q4 contract sales $458M; net loss $431M ($12.43 loss per share) includes $546M non-cash impairment charges.
- Q4 adjusted net income $68M; adjusted diluted EPS $1.86; adjusted EBITDA $186M, at high end of guidance.
- Full year 2025: contract sales $1.8B; net loss $308M ($8.84 loss per share); adjusted EBITDA $751M; returned $171M to shareholders.
- Full year 2026 guidance provided; new President/COO Mike Flaskey appointed to drive operational focus.
- Full-year adjusted net income $276M; adjusted diluted EPS $7.16; restructuring and modernization expenses recognized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1524358/000152435826000006/0001524358-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1524358/000152435826000006/vac-20260225.htm
  HTML page:      https://secwatch.observer/filing/0001524358-26-000006

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