earnings
confidence high
sentiment positive
materiality 0.75
Marriott Q2 2021: net income $422M, adj. EPS $0.79; RevPAR up 262.6% YoY
MARRIOTT INTERNATIONAL INC /MD/
2021-Q2 EPS reported
$1.25
revenue$5,465,000,000
- Reported net income $422M (diluted EPS $1.28) vs net loss $234M a year ago; adjusted net income $260M (adj. EPS $0.79).
- Comparable systemwide RevPAR increased 262.6% YoY but down 43.8% vs Q2 2019; U.S. & Canada RevPAR +274.6%.
- Adjusted EBITDA $558M, up from $61M in prior-year quarter, driven by lodging demand recovery.
- Added ~25,000 rooms in Q2, including ~5,300 conversions; worldwide pipeline totals 2,750 properties (478,000 rooms).
- Full-year 2021 investment spending expected $575M-$625M; net debt $9.5B, liquidity $4.7B.