secwatch.observer — SEC 8-K summary
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Issuer:     MARRIOTT INTERNATIONAL INC /MD/ (MAR)
CIK:        0001048286
Form:       8-K
Filed at:   2024-11-04T23:59:59+00:00
Accession:  0001628280-24-044831
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Marriott Q3 adjusted EPS $2.26 beats year-ago $2.11; RevPAR up 3% globally
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- Adjusted diluted EPS $2.26 vs $2.11 YoY; GAAP EPS $2.07 due to $19M operating guarantee reserve and $11M litigation charge.
- Global RevPAR +3.0% (constant $); U.S. & Canada +2.1%; international +5.4% led by APEC and EMEA.
- Net rooms grew ~6% over 4 quarters; pipeline record 585k rooms; full-year net rooms growth raised to ~6.5%.
- Returned $3.9B YTD through Oct 31 via buybacks/dividends; full-year target ~$4.4B.
- New cost reduction initiative expected to deliver $80-90M annual G&A savings starting 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1048286/000162828024044831/0001628280-24-044831-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1048286/000162828024044831/mar-20241104.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-044831

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