Marriott Vacations Worldwide (VAC) Misses Q1 EPS by 15c, Beats on Revenues

Marriott Vacations Worldwide (NYSE: VAC) reported Q1 EPS of $1.39, $0.15 worse than the analyst estimate of $1.54. Revenue for the quarter came in at $570.85 million versus the consensus estimate of $532.05 million.

First Quarter 2018 Results:

• Net income was $36 million, or $1.32 fully diluted earnings per share (\"EPS\"), compared to net income of $28 million, or $1.00 fully diluted EPS, in the first quarter of 2017.
• Adjusted net income was $38 million, compared to adjusted net income of $28 million in the first quarter of 2017, an increase of 35 percent. Adjusted fully diluted EPS was $1.39, compared to adjusted fully diluted EPS of $1.01 in the first quarter of 2017, an increase of 38 percent.
• Adjusted EBITDA totaled $63 million, an increase of $9 million, or 17 percent, year-over-year.
• Total company vacation ownership contract sales were $204 million, an increase of $4 million, or 2 percent, compared to the prior year period. North America vacation ownership contract sales were $187 million, an increase of $4 million, or 2 percent, compared to the prior year period.

For earnings history and earnings-related data on Marriott Vacations Worldwide (VAC) click here.

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