Welcome to our dedicated page for Marriott Vacations Worldwide C news (Ticker: VAC), a resource for investors and traders seeking the latest updates and insights on Marriott Vacations Worldwide C stock.
Marriott Vacations Worldwide Corp (NYSE: VAC) provides premium vacation ownership experiences through its globally recognized resort brands. This news hub offers investors and industry observers a centralized source for official updates and market developments related to the company's operations.
Track critical announcements including quarterly earnings reports, strategic partnerships, and resort network expansions. Our curated collection simplifies monitoring of operational milestones in vacation ownership programs and exchange management services.
Key coverage areas include innovations in timeshare financing, property portfolio growth, and leadership updates. Stay informed about regulatory developments affecting the leisure industry and VAC's responses to market trends.
Bookmark this page for streamlined access to Marriott Vacations Worldwide's latest corporate communications. Regular updates ensure you maintain current awareness of this hospitality leader's market position and strategic initiatives.
Marriott Vacations Worldwide (NYSE: VAC) has scheduled its first quarter 2025 earnings release and conference call. The company will announce financial results after market close on Wednesday, May 7, 2025, followed by a conference call on Thursday, May 8 at 8:30 a.m. ET.
Investors can join the call by dialing (877) 407-8289 (domestic) or (201) 689-8341 (international). A live webcast will be available on the company's Investor Relations website. An audio replay will be accessible from May 8 (10 a.m. ET) until June 8 (10 p.m. ET) via phone or website using conference ID 13752589.
Marriott Vacations Worldwide (NYSE: VAC) has successfully amended its credit agreement, implementing key financial improvements. The company has replaced its $750 million senior secured revolving credit facility with an enhanced $800 million facility, extending the maturity date to March 24, 2030. The amendment includes a 25 basis point reduction in interest spreads, improving both drawn and undrawn pricing terms.
Additionally, VAC has secured a new $450 million delayed-draw term loan facility maturing December 31, 2027. This facility is specifically designated for financing the redemption or repurchase of the Company's 0.00% Convertible Senior Notes, which are due January 15, 2026.
Marriott Vacations Worldwide (NYSE: VAC) reported strong Q4 2024 results with consolidated Vacation Ownership contract sales increasing 7% to $477 million, including 9% growth in first-time buyer sales. The company posted net income of $50 million with diluted EPS of $1.30, while adjusted net income reached $73 million with adjusted EPS of $1.86.
Key financial metrics include Adjusted EBITDA of $185 million and full-year cash from operations of $205 million. The company ended 2024 with strong liquidity of $914 million, including $197 million in cash and $607 million available credit facility capacity. Total debt stood at $3.1 billion corporate and $2.1 billion non-recourse.
The company expects to generate $150-200 million in run-rate benefits by end of 2026, split between cost savings and revenue growth initiatives.
Marriott Vacations Worldwide (NYSE: VAC) has announced significant changes to its Board of Directors. The company appointed two new independent directors: Matthew Avril, former CEO of Diamond Resorts International with over 30 years of hospitality industry experience, and Jim Dausch, current Global Chief Digital and Technology Officer at Pizza Hut with extensive experience in digital transformation.
The appointments are effective March 4, 2025, and coincide with the retirement of board members Melquiades Martinez and Raymond Gellein, who will step down before the company's annual stockholders meeting in May 2025. This board refreshment aims to enhance the company's technological modernization strategy and maximize long-term shareholder value.
Marriott Vacations Worldwide (NYSE: VAC) has announced that its Board of Directors has authorized a quarterly cash dividend of $0.79 per share of common stock. The dividend will be payable on March 19, 2025, to shareholders who are recorded as stockholders at the close of business on March 5, 2025.
Marriott Vacations Worldwide (NYSE: VAC) has scheduled its fourth quarter 2024 financial results announcement for Wednesday, February 26, after market close. The company will host a conference call on Thursday, February 27, at 8:30 a.m. ET to discuss the results.
Participants can join the call by dialing (877) 407-8289 (domestic) or (201) 689-8341 (international). A live webcast will be available on the company's Investor Relations website. An audio replay will be accessible from February 27 at 10 a.m. ET until March 27 at 10 p.m. ET via the website or by phone using conference ID 13751082.
Marriott Vacations Worldwide (NYSE: VAC) has been recognized on Fortune's list of World's Most Admired Companies, demonstrating its strong reputation across industries. The selection process involved industry executives rating peer companies on nine criteria, including investment value, management quality, products, corporate responsibility, and talent attraction.
John Geller, president and CEO, attributed this achievement to the company's global teams' dedication, commitment to innovation, excellence, and corporate responsibility. The recognition adds to VAC's growing list of accolades, including being named among Newsweek's Most Responsible Companies, Orlando Business Journal's Best Places to Work, and Newsweek's Most Loved Workplaces.
Marriott Vacations Worldwide (NYSE: VAC) has announced a 4% increase in its quarterly cash dividend to $0.79 per share of common stock. The dividend will be payable on or around January 3, 2025, to stockholders of record as of December 19, 2024. Chief Financial Officer Jason Marino stated that the dividend increase demonstrates confidence in their leisure-focused business strategy and growth potential, while maintaining their commitment to shareholder value.
Marriott Vacations Worldwide (NYSE: VAC) has promoted Scott Weisz to Executive Vice President, Strategic Business Operations. Weisz, who has over 20 years of experience with the company, will report directly to CEO John Geller and join the Executive Committee. In his new role, he will lead initiatives to accelerate core and new product growth while driving operational efficiencies through business modernization. His previous experience includes leadership roles in global inventory and revenue management, overseeing The Marriott Vacation Club's east region operations, and positions in feasibility, business planning, and asset management.
Marriott Vacations Worldwide (VAC) reported strong Q3 2024 results with consolidated Vacation Ownership contract sales increasing 5% to $459 million. Net income was $84 million with EPS of $2.12, while adjusted EPS reached $1.80. The company achieved Adjusted EBITDA of $198 million. Tours increased 10% to 110,557, though VPG decreased 4% to $3,888. The company completed a $445 million securitization with a 4.52% interest rate and maintains strong liquidity of $922 million. Management announced initiatives to achieve $50-$100 million in annual cost efficiencies over the next two years.
