The earnings call highlighted strong financial performance, successful integration of Accor Vacation Club, and improved financing rates. However, there were challenges due to natural disasters impacting operations and weaker tour performance in Las Vegas. Despite these issues, the company remains optimistic about future growth.
Company Guidance
During the Travel + Leisure Q3 2024 earnings call, the company reported a robust performance with key metrics showcasing their success. They achieved a strong volume per guest (VPG) consistently above $3,000, reflecting a nearly 30% increase from 2019 levels. The adjusted EBITDA margin stood at 24.4%, with adjusted EBITDA reaching $242 million, surpassing the midpoint of their guidance range. The company generated over $150 million in adjusted free cash flow and recorded adjusted net income of $110 million, equating to $1.57 per share. Furthermore, the average FICO score on originations rose from 725 to 742 over the past four years, while the segment reported 2% revenue growth with gross VOI sales of $606 million. For the fourth quarter, the company forecasted an adjusted EBITDA range of $240 million to $260 million, maintaining confidence in their long-term growth model with an embedded revenue potential of over $19 billion over the next decade.
Strong EBITDA and Cash Flow
Produced a 24.4% adjusted EBITDA margin and over $150 million of adjusted free cash flow. Adjusted EBITDA of $242 million was above the midpoint of guidance.
Vacation Ownership Business Momentum
VPG performance remains consistently above $3,000, nearly 30% above 2019 levels. New owner sales mix above 35% each quarter this year.
Accor Vacation Club Integration Success
Achieved initial targets ahead of schedule with 4 sales sites reopened. Accor has delivered more than $3 million in adjusted EBITDA year-to-date.
Improved Financing Terms
Secured $325 million at a rate of 5.2% and a 98% advance rate in the latest ABS transaction, the best levels in over 2 years.
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Travel + Leisure Co (TNL) Earnings, Revenues Date & History
The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TNL Earnings-Related Price Changes
Report Date
Price 1 Day Before
Price 1 Day After
Percentage Change
Oct 23, 2024
$45.02
$46.83
+4.02%
Jul 24, 2024
$48.34
$43.59
-9.83%
Apr 24, 2024
$44.59
$44.76
+0.38%
Feb 21, 2024
$39.60
$41.79
+5.53%
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Travel + Leisure Co (TNL) report earnings?
Travel + Leisure Co (TNL) is schdueled to report earning on Feb 19, 2025, TBA Not Confirmed.
What is Travel + Leisure Co (TNL) earnings time?
Travel + Leisure Co (TNL) earnings time is at Feb 19, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.