NYSE$TNL
Travel + Leisure Co · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Travel + Leisure Co. reported strong second quarter results driven by the rebound in leisure travel and effective cost management.
Travel + Leisure Co. reported a net income of $74 million, or $0.84 diluted earnings per share, on net revenue of $797 million. The company's performance was driven by the strong rebound in leisure travel in North America and the resilience of its business model. The company is providing full year guidance, adjusted EBITDA of $720 million to $735 million and adjusted diluted EPS of $3.20 to $3.30.
- Net income from continuing operations was $74 million ($0.84 diluted earnings per share) on net revenue of $797 million.
- Adjusted EBITDA was $193 million and adjusted diluted earnings per share was $0.88.
- Net cash provided by operating activities was $290 million and adjusted free cash flow was $56 million for the first six months of 2021.
- The company expects full year adjusted EBITDA from $720 million to $735 million, adjusted diluted EPS of $3.20 to $3.30, and third quarter adjusted EBITDA from $200 million to $210 million.
Headline financials
Revenue & EPS history
Travel + Leisure · Revenue · Quarterly
$797M
Revenue by segment
Travel + Leisure · $803M total across 2 segments · Q2 2021
- Vacation Ownership$599M+150.6%74.6%
- Travel and Membership$204M+94.3%25.4%
Forward guidance
The Company is providing guidance regarding expectations for the 2021 full year and third quarter of 2021.
Tailwinds
- Adjusted EBITDA of $720 million to $735 million for full year.
- Adjusted diluted EPS of $3.20 to $3.30 for full year.
- Gross VOI sales of $1.4 billion to $1.5 billion for full year.
- Tours of 440,000 to 450,000 for full year.
- Adjusted EBITDA of $200 million to $210 million for third quarter.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q2 2021
-0.0%
Avg return
Earnings day
-0.8%
Avg return
5 days after
+0.4%
Avg return
30 days after
46%
32 / 69 earnings
Positive
+20.3%
Q3 2018
Best reaction
-13.7%
Q1 2026
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -13.7% | -14.2% | -14.5% | |
| Q4 2025 | +3.5% | +2.2% | -5.9% | |
| Q3 2025 | +15.3% | +8.5% | +6.6% | |
| Q2 2025 | -1.4% | -1.8% | +0.4% | |
| Q1 2025 | +1.0% | +3.2% | +12.0% | |
| Q4 2024 | +0.7% | -2.7% | -17.9% | |
| Q3 2024 | +4.8% | +6.8% | +21.0% | |
| Q2 2024 | -8.3% | -6.4% | -10.9% | |
| Q1 2024 | -0.8% | -1.5% | -4.1% | |
| Q4 2023 | +10.6% | +8.1% | +14.6% | |
| Q3 2023 | -1.7% | +0.6% | +12.1% | |
| Q2 2023 | -3.8% | -1.3% | -3.6% | |
| Q1 2023 | -3.7% | -2.8% | -3.5% | |
| Q4 2022 | +3.7% | +3.4% | -11.9% | |
| Q3 2022 | -6.5% | -5.5% | -5.0% | |
| Q2 2022 | -5.2% | -5.9% | -4.2% | |
| Q1 2022 | +1.9% | +0.4% | -5.9% | |
| Q4 2021 | -4.9% | -4.3% | -0.2% | |
| Q3 2021 | +3.0% | +7.4% | -4.6% | |
| Q2 2021 | -5.6% | -9.3% | -1.4% | |
| Q1 2021 | -1.1% | -1.5% | -0.7% | |
| Q4 2020 | -0.1% | +2.3% | +7.9% | |
| Q3 2020 | -3.9% | -0.7% | +33.7% | |
| Q2 2020 | -9.2% | -7.0% | +6.7% | |
| Q1 2020 | -3.2% | +4.2% | +55.5% | |
| Q4 2019 | -6.5% | -4.9% | -42.0% | |
| Q3 2019 | +0.1% | +3.1% | +4.6% | |
| Q2 2019 | -0.4% | -10.3% | -6.7% | |
| Q1 2019 | +0.3% | +2.3% | -8.7% | |
| Q4 2018 | -0.8% | -4.6% | -14.1% | |
| Q3 2018 | +20.3% | +20.8% | +15.6% | |
| Q2 2018 | -3.0% | -4.7% | -9.5% | |
| Q1 2018 | -8.2% | -7.0% | -6.2% | |
| Q4 2017 | +4.0% | +2.7% | -1.4% | |
| Q3 2017 | -1.9% | -2.6% | +0.5% | |
| Q2 2017 | -0.7% | -2.1% | -2.7% | |
| Q1 2017 | +4.0% | +3.8% | +8.0% | |
| Q4 2016 | +4.9% | +3.7% | +3.0% | |
| Q3 2016 | -5.4% | -3.0% | +9.3% | |
| Q2 2016 | -7.5% | -9.7% | -8.2% | |
| Q1 2016 | -4.6% | — | — | |
| Q4 2015 | +4.9% | — | — | |
| Q3 2015 | +6.0% | — | — | |
| Q2 2015 | +0.9% | — | — | |
| Q1 2015 | -4.4% | — | — | |
| Q4 2014 | +9.8% | — | — | |
| Q3 2014 | -2.5% | — | — | |
| Q2 2014 | +2.1% | — | — | |
| Q1 2014 | -0.6% | — | — | |
| Q4 2013 | -2.9% | — | — | |
| Q3 2013 | +2.6% | — | — | |
| Q2 2013 | +2.5% | — | — | |
| Q1 2013 | -2.8% | — | — | |
| Q4 2012 | +5.8% | — | — | |
| Q3 2012 | -3.3% | — | — | |
| Q2 2012 | +4.7% | — | — | |
| Q1 2012 | +1.2% | — | — | |
| Q4 2011 | +1.1% | — | — | |
| Q3 2011 | +11.4% | — | — | |
| Q2 2011 | -6.5% | — | — | |
| Q1 2010 | +2.0% | — | — | |
| Q1 2011 | +0.6% | — | — | |
| Q4 2008 | -4.4% | — | — | |
| Q4 2010 | -4.4% | — | — | |
| Q3 2010 | -0.5% | — | — | |
| Q3 2009 | -0.5% | — | — | |
| Q4 2009 | +3.1% | — | — | |
| Q2 2009 | +3.1% | — | — | |
| Q2 2010 | +3.1% | — | — |
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