Highest-materiality recent filing
Travel + Leisure prices $900M 6.250% secured notes due 2031; to redeem $650M 2026 notes
Offering of $900M 6.250% senior secured notes due 2031 priced at 100% of par.
Travel + Leisure Q1 adjusted EPS $1.45, up 31% YoY; reaffirms FY Adj. EBITDA guidance
Net revenue $961M; net income $79M ($1.22 diluted EPS); adjusted diluted EPS $1.45.
Travel+Leisure Q4 adj. EBITDA $272M; net loss $61M; FY26 EBITDA guid $1.03-1.055B
Net loss $61M ($0.95 diluted) includes $210M inventory write-downs from Resort Optimization Initiative.
Travel + Leisure Q3 net income $111M; raises FY adjusted EBITDA midpoint to $975M
Net income $111M ($1.67 diluted EPS) on $1.04B revenue; adjusted EPS $1.80, adjusted EBITDA $266M.
Travel + Leisure Co. issues $500M 6.125% senior secured notes due 2033 to redeem 2025 notes
Issued $500M of 6.125% senior secured notes due 2033; net proceeds to redeem all $500M 6.60% secured notes due Oct 2025.
Travel + Leisure Co. prices $500M senior secured notes at 6.125% due 2033 to refinance 2025 notes
$500M aggregate principal of 6.125% senior secured notes due 2033; priced at 100% of par.
Travel + Leisure Q2 adj. EPS $1.65, rev $1.02B; raises VPG guidance
Q2 net income $108M ($1.62 GAAP EPS); adj. diluted EPS $1.65; revenue $1.02B.
Travel + Leisure Co. amends $1B credit facility, extends maturity to 2030, reduces pricing
New $1B revolving credit facility matures June 2030, refinances prior facility due Oct 2026.
Travel + Leisure Co. appoints Erik Hoag as CFO; Mike Hug retiring after 26 years
Erik D. Hoag named CFO effective May 19, 2025; joins from FIS where he served as CFO and Chief Integration Officer.
Travel + Leisure Q1 adjusted EBITDA $202M at high end of guidance; VPG up 6% to $3,212
Net income $73M ($1.07 diluted EPS); adjusted diluted EPS $1.11, revenue $934M.
Travel+Leisure posts Q4 EPS $1.72 (adj $1.72); FY25 EBITDA guidance $955-985M
Q4 net income $119M ($1.72 diluted EPS) on revenue $971M; FY net income $411M ($5.82 diluted EPS) on revenue $3.9B.
Travel + Leisure Co. closes $875M term loan B refinancing, extends maturity, saves ~$5M/yr interest
Established $875M 2024 Term Loan B Facility, matures December 14, 2029, at SOFR + 250 bps par.
Travel & Leisure Q2 adj EBITDA $244M; raises FY 2024 guidance to $915-935M
Net income $129M ($1.36 diluted EPS) on revenue $985M; adjusted diluted EPS $1.52.
Travel + Leisure extends CEO/CFO employment agreements through May 2027
CEO Michael Brown and CFO Michael Hug sign amended employment agreements effective June 1, 2024, extending term to May 31, 2027.
Travel+Leisure Q1 net income $66M ($0.92 EPS); reaffirms FY adjusted EBITDA $910-930M
Net income $66M, diluted EPS $0.92; adjusted EPS $0.97; revenue $916M.
Travel + Leisure Q4 net income $129M, adj EPS $1.98; guides FY2024 adj EBITDA $910-930M
Q4 net income $129M ($1.77 diluted EPS) on revenue $935M; adjusted EBITDA $240M, adj. diluted EPS $1.98.
TNL Q3 revenue $986M, adj EPS $1.54, guides FY adj EBITDA $900-915M, acquires SI Resorts rights
Net income $110M ($1.49 diluted EPS from cont ops); adjusted diluted EPS $1.54.
TNL Q2 net income $94M, adjusted EPS $1.33; reaffirms FY adjusted EBITDA guidance $925M-$945M
Q2 net income $94M ($1.18 diluted EPS) on revenue $949M; adjusted EPS $1.33.
Travel + Leisure Q1 beats; raises FY2023 adjusted EBITDA guidance to $925-$945M
Net income $64M ($0.81 EPS), revenue $879M (+9% YoY); adjusted EPS $0.89 (+29%).
Travel + Leisure Q4 net income $90M, adj. EPS $1.30; FY23 EBITDA guidance $920-940M
Q4 net income $90M ($1.12 diluted EPS); adjusted diluted EPS $1.30; revenue $899M.
Net income $116M ($1.38 diluted EPS); adjusted EPS $1.28; revenue $937M.
Elizabeth Dreyer resigns as SVP & CAO effective Sept 30, 2022 to pursue other opportunity.
Travel + Leisure Q2 net income $100M, adj. EBITDA $230M; FY guidance raised to $860-880M
Net income $100M ($1.16 diluted EPS); adjusted EPS $1.27 on revenue $922M.
Travel + Leisure Q1 net income $51M ($0.59 EPS); adj EBITDA $170M; FY adj EBITDA guide $855M-$875M
Q1 revenue $809M; Vacation Ownership revenue $604M (+35% YoY) and adj EBITDA $103M (+56% YoY).
Travel + Leisure Q4 adjusted EPS $1.19 beats; full-year above guidance
Q4 net revenue $870M, net income $110M ($1.26 diluted EPS), adjusted EPS $1.19.
Michael A. Hug, the Company's current CFO, will step down from that role on the Transition Date and continue as an employee of a subsidiary of the Company until his previously announced retirement on June 9, 2025
appointed Erik D. Hoag as Chief Financial Officer ("CFO") of the Company, effective May 19, 2025
Olivier Chavy will cease serving as President, Panorama and Travel + Leisure Clubs with Travel + Leisure Co. (the “Company”), effective February 20, 2024.
On September 13, 2022, Thomas M. Duncan was appointed Senior Vice President and Chief Accounting Officer (“CAO”), effective as of the Effective Date.
On September 7, 2022, Elizabeth E. Dreyer, Senior Vice President and Chief Accounting Officer of Travel + Leisure Co. (the "Company"), notified the Company of her decision to resign, effective September 30, 2022 (the “Effective Date”), to pursue another career opportunity.
On March 23, 2022, the Company also announced that Olivier Chavy will assume leadership of the Travel + Leisure Group business line, effective April 5, 2022, in addition to his current responsibilities.
On March 23, 2022, Travel + Leisure Co. (the "Company") announced that Noah Brodsky, President, Travel + Leisure Group and Chief Brand Officer of the Company, will cease serving in both roles, effective April 4, 2022.
On November 11, 2021, upon the recommendation of the Corporate Governance Committee, the Board of Directors (the “Board”) of Travel + Leisure Co. (the “Company”) increased the number of directors constituting the Board from eight to nine members and appointed Lucinda Martinez to fill the vacancy.
Max materiality 0.80 · Median 0.57 · Most common event earnings