Businessweek

Wyndham Hotel Group announced plans for the first Wyndham Hotels and Resorts property in the United Arab Emirates following the signing of an agreement with Sigma III Limited, a subsidiary of British-owned developer The First Group, to manage its impressive 33-storey building in the Dubai Marina.

Wyndham Worldwide Corporation announced its Board of Directors declared a cash dividend of $0.29 per share on its common stock, payable June 7, 2013 to shareholders of record as of May 28, 2013.

Wyndham Worldwide Corporation announced consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported net revenues of $1,133 million compared to $1,036 million a year ago. Operating income was $181 million compared to $178 million a year ago. Income before income taxes was $41 million compared to $44 million a year ago. Net income attributable to the company shareholders was $27 million or $0.19 per diluted share compared to $32 million or $0.21 per diluted share a year ago. Net cash provided by operating activities was $274 million compared to $228 million a year ago. Property and equipment additions were $41 million compared to $33 million a year ago. Free cash flow was $233 million compared to $195 million a year ago. Adjusted diluted earnings per share were $0.71 compared to $0.60 a year ago, an increase of 18%. Adjusted net income increased by 9% to $98 million. The increase in revenue reflects growth across all of the company's businesses, primarily in the Lodging and Vacation Ownership businesses. The increase in adjusted net income reflects stronger operating results primarily in Lodging and Vacation Ownership businesses. Reported net income included several items that are excluded from adjusted net income. The growth of free cash flow largely reflects favorable working capital utilization. EBITDA was $234 million compared to $226 million a year ago. For the second quarter, the company expects earnings per share of $0.87 to $0.90. For the full year 2013, the company expects revenues of approximately $4.925 - $5.100 billion; adjusted EBITDA of approximately $1.140 - $1.165 billion; adjusted EPS of approximately $3.60 - $3.70 based on a diluted share count of 138 million. The company expects around $5.45 in free cash flow per share in 2013.

Wyndham Worldwide Corporation, Annual General Meeting, May 14, 2013., at 11:30 US Eastern Standard Time. Location: Wyndham Worldwide Corporation. Agenda: To elect two Directors for a term expiring at the 2014 annual meeting; to vote on an advisory resolution to approve executive compensation; to vote on a proposal to ratify the appointment of Deloitte & Touche LLP to serve as independent registered public accounting firm for fiscal year 2013; and to transact any other business that may be properly brought before the meeting or any adjournment or postponement of the meeting.

Wyndham Worldwide Corporation, Q1 2013 Earnings Call, Apr 24, 2013