Last $57.42 USD
Change Today +0.27 / 0.47%
Volume 112.9K
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As of 8:04 PM 07/11/14 All times are local (Market data is delayed by at least 15 minutes).

marriott vacations world (VAC) Key Developments

Marriott Vacations Worldwide Corp. Presents at Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference, Jun-03-2014 04:00 PM

Marriott Vacations Worldwide Corp. Presents at Goldman Sachs Lodging, Gaming, Restaurant and Leisure Conference, Jun-03-2014 04:00 PM. Venue: Goldman Sachs Conference Center, New York, New York, United States. Speakers: Stephen P. Weisz, Chief Executive Officer, President and Director.

Marriott Vacations Worldwide Corp. Presents at SunTrust Vacation Ownership & Exchange Conference, Jun-18-2014

Marriott Vacations Worldwide Corp. Presents at SunTrust Vacation Ownership & Exchange Conference, Jun-18-2014 . Venue: JW Marriott Essex House, 160 Central Park S, New York, New York, United States. Speakers: Jeff Hansen, VP, Investor Relations, John E. Geller, Chief Financial Officer and Executive Vice President, Steve Weisz, CEO.

Marriott Vacations Worldwide Corp. Reports Unaudited Consolidated Financial Results for the First Quarter Ended March 31, 2014; Revises Earnings Guidance for the Full Year of 2014; Announces Impairment Charge on Equity Investment for the First Quarter of 2014

Marriott Vacations Worldwide Corp. reported unaudited consolidated financial results for the first quarter ended March 31, 2014. First quarter 2014 net income totaled $19 million, or $0.54 per diluted share, compared to net income of $19 million, or $0.51 per diluted share, in the first quarter of 2013. First quarter 2014 adjusted net income totaled $20 million, a $1 million increase compared to the first quarter of 2013. First quarter 2014 adjusted net income reflects the exclusion of a $2 million charge in connection with the company's interest in an equity method investment in a joint venture project in its North America segment, $1 million of organizational and separation related costs and $1 million related to a gain from the sale of a golf course and adjacent undeveloped land. Adjusted fully diluted earnings per share (EPS) were $0.56 compared to $0.54 in the first quarter of 2013. Total company contract sales were $162 million, a $6 million increase from $156 million in the first quarter of 2013, driven mainly by $5 million of higher contract sales in the company's Europe segment, and $3 million of higher contract sales in the company's North America segment, offset by $2 million of lower contract sales in the company's Asia Pacific segment. Adjusted EBITDA was $40 million in the first quarter of 2014, a $1 million increase from $39 million in the first quarter of 2013. Net cash provided by operating activities was $48 million against net cash used in operating activities of $11 million for the same period of last year. Capital expenditures for property and equipment (excluding inventory) was $1 million against $3 million for the same period of last year. EBITDA was $38 million against $39 million a year ago. Total revenues were $402 million against $390 million a year ago. Income before income taxes was $32 million against $30 million a year ago. Adjusted income before income taxes was $34 million against $30 million a year ago. For the full year 2014, the company is increasing the low end of its adjusted free cash flow guidance and increasing its adjusted fully diluted earnings per share guidance. Now, the company expects adjusted free cash flow to be in the range of $145 million to $160 million from the previously forecasted guidance of $135 million to $160 million; expects adjusted fully diluted earnings per share to be in the range of $2.42 to $2.68 from the previously forecasted guidance of $2.41 to $2.67. The company is also reaffirming the following guidance for full year 2014 as previously provided on February 27, 2014: Adjusted EBITDA of $185 million to $200 million; Adjusted net income of $87 million to $96 million; Adjusted company development margin of 20.0% t to 21.0%; Adjusted North America development margin of 22.0% to 23.0%; Company contract sales growth (excluding residential) of 5% to 8%; and North America contract sales growth (excluding residential) of 4% to 7%. For the quarter, the company announced impairment charge on equity investment of $2 million.

Marriott Vacations Worldwide Corp., Annual General Meeting, Jun 06, 2014

Marriott Vacations Worldwide Corp., Annual General Meeting, Jun 06, 2014., at 09:00 US Eastern Standard Time. Location: The Ritz-Carlton Orlando. Agenda: To consider the election of the three director nominees named in the Proxy Statement; to consider the ratification of the appointment of Ernst & Young LLP as Marriott Vacations Worldwide’s independent registered public accounting firm for its 2014 fiscal year; to consider an advisory resolution to approve executive compensation; and to consider any other matters that may properly be presented at the meeting.

Marriott Vacations Worldwide Corp. to Report Q1, 2014 Results on Apr 29, 2014

Marriott Vacations Worldwide Corp. announced that they will report Q1, 2014 results at 9:00 AM, Eastern Standard Time on Apr 29, 2014

 

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Price/Book 1.7x
Price/Cash Flow 24.7x
TEV/Sales 0.9x
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