NYSE$VAC
Marriott Vacations Worldwide Corp · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported strong first quarter with adjusted EBITDA totaling $188 million and contract sales of $394 million, both exceeding pre-pandemic levels.
Marriott Vacations Worldwide reported a strong start to 2022, with first quarter adjusted EBITDA totaling $188 million and contract sales of $394 million, both exceeding pre-pandemic levels. Net income attributable to common shareholders was $58 million, or $1.23 fully diluted earnings per share. The company returned approximately $168 million to shareholders through share repurchases and dividends.
- Consolidated Vacation Ownership contract sales totaled $394 million.
- Net income attributable to common shareholders was $58 million, or $1.23 fully diluted earnings per share.
- Adjusted EBITDA was $188 million, 13% higher than 2019.
- The company returned approximately $168 million to shareholders during the quarter.
Headline financials
Revenue & EPS history
Marriott Vacations · Revenue · Quarterly
$1.05B
Revenue by segment
Marriott Vacations · $1.05B total across 5 segments · Q1 2022
- Cost Reimbursements$316M+23.9%30.0%
- Sale of VO Products$310M+90.2%29.5%
- Management and Exchange$222M+15.0%21.1%
- Rental$133M+49.4%12.6%
- Financing$71M+20.3%6.7%
Forward guidance
The Company is re-affirming guidance as reflected in the chart below for the full year 2022.
Tailwinds
- Income before income taxes attributable to common shareholders $443 to $483 million
- Net income attributable to common shareholders $317 to $347 million
- Earnings per share - diluted $6.85 to $7.49
- Contract sales $1,675 to $1,775 million
- Adjusted EBITDA $860 to $920 million
Headwinds
- Adjusted pretax net income $585 to $645 million
- Adjusted net income attributable to common shareholders $424 to $469 million
- Adjusted earnings per share - diluted $9.13 to $10.09
- Adjusted free cash flow $560 to $640 million
- Capital expenditures for property and equipment (excluding inventory) ($75) to ($85) million
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 Q1 2022
-0.1%
Avg return
Earnings day
-1.5%
Avg return
5 days after
-0.8%
Avg return
30 days after
51%
32 / 63 earnings
Positive
+21.0%
Q3 2024
Best reaction
-26.8%
Q3 2025
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +5.1% | +10.0% | +23.7% | |
| Q3 2025 | -26.8% | -30.5% | -18.1% | |
| Q2 2025 | -2.0% | -4.7% | +6.0% | |
| Q1 2025 | +10.5% | +24.3% | +13.5% | |
| Q4 2024 | -9.3% | -16.8% | -22.5% | |
| Q4 2025 | +0.1% | -14.0% | -22.4% | |
| Q3 2024 | +21.0% | +18.7% | +22.0% | |
| Q2 2024 | -10.7% | -17.5% | -15.2% | |
| Q1 2024 | +2.0% | +2.4% | -9.5% | |
| Q4 2023 | +11.7% | +10.2% | +15.1% | |
| Q3 2023 | -8.2% | -12.1% | -13.7% | |
| Q2 2023 | -11.9% | -11.1% | -12.5% | |
| Q1 2023 | -4.2% | -5.2% | -4.8% | |
| Q4 2022 | -1.7% | -1.5% | -18.1% | |
| Q3 2022 | -0.9% | -5.7% | +1.3% | |
| Q2 2022 | +3.4% | +7.8% | +1.8% | |
| Q1 2022 | -4.1% | -5.7% | -0.7% | |
| Q4 2021 | -3.0% | -3.4% | -6.4% | |
| Q3 2021 | -0.5% | -1.3% | -5.0% | |
| Q2 2021 | -5.8% | -9.4% | -1.8% | |
| Q1 2021 | -2.6% | -2.6% | -3.5% | |
| Q4 2020 | +0.0% | +6.3% | +4.1% | |
| Q3 2020 | +9.2% | +23.0% | +38.8% | |
| Q2 2020 | -0.7% | -5.9% | +11.8% | |
| Q1 2020 | +3.0% | +1.6% | +30.5% | |
| Q4 2019 | -5.6% | -2.7% | -41.3% | |
| Q3 2019 | +3.2% | +4.8% | +9.7% | |
| Q2 2019 | -5.7% | -17.6% | -3.9% | |
| Q1 2019 | -3.6% | -7.1% | -14.3% | |
| Q4 2018 | +3.3% | +1.2% | -4.2% | |
| Q3 2018 | -9.2% | -21.2% | -24.5% | |
| Q2 2018 | +2.4% | +3.4% | +1.8% | |
| Q1 2018 | -4.6% | -3.0% | -1.0% | |
| Q4 2017 | -1.4% | +2.5% | -6.5% | |
| Q3 2017 | +8.1% | +7.2% | +1.3% | |
| Q2 2017 | +0.9% | -1.4% | +3.2% | |
| Q1 2017 | +1.4% | -0.5% | +5.0% | |
| Q4 2016 | +10.1% | +4.6% | +8.1% | |
| Q3 2016 | -7.0% | -4.2% | +6.0% | |
| Q2 2016 | +11.6% | +16.1% | +13.0% | |
| Q1 2016 | -7.6% | — | — | |
| Q4 2015 | +12.5% | — | — | |
| Q3 2015 | -16.8% | — | — | |
| Q2 2015 | -7.8% | — | — | |
| Q1 2015 | +7.5% | — | — | |
| Q4 2014 | -1.3% | — | — | |
| Q3 2014 | +7.1% | — | — | |
| Q2 2014 | +0.5% | — | — | |
| Q1 2014 | +3.4% | — | — | |
| Q4 2013 | +4.1% | — | — | |
| Q3 2013 | +9.2% | — | — | |
| Q2 2013 | -5.6% | — | — | |
| Q1 2013 | +5.6% | — | — | |
| Q4 2012 | -12.7% | — | — | |
| Q3 2012 | +0.1% | — | — | |
| Q2 2012 | +8.3% | — | — | |
| Q1 2011 | +0.5% | — | — | |
| Q1 2012 | +8.6% | — | — | |
| Q2 2011 | +1.1% | — | — | |
| Q4 2011 | +3.4% | — | — | |
| Q3 2011 | -0.7% | — | — | |
| Q1 2010 | -0.7% | — | — | |
| Q4 2010 | -0.7% | — | — | |
| Q3 2010 | — | — | — | |
| Q2 2010 | — | — | — |
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