VACMarriott Vacations Worldwide Corporation

$2B

Q1 2017 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$487M+16.3% YoY

Gross Profit

$188M38.5% margin

Operating Income

$45M9.2% margin

Net Income

$28M5.7% margin

EPS (Diluted)

$1.00

QoQ Revenue Growth

-13.7%

Cash Flow

Operating Cash Flow

$46M

Free Cash Flow

$41M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$2.3B

Total Liabilities

$1.4B

Stockholders' Equity

$933M

Cash & Equivalents

$102M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$487M	$419M	+16.3%
Gross Profit	$188M	$148M	+27.2%
Operating Income	$45M	$50M	-9.4%
Net Income	$28M	$24M	+14.3%

Geographic Segments

North America Segment

$450M92%

Europe Segment

$20M4%

Asia Pacific Segment

$18M4%

VAC Q1 2017 Earnings — Marriott Vacations Worldwide Corporation Revenue & Financial Results | Market Cap Arena