VAC Q2 2023 Earnings — Marriott Vacations Worldwide Corporation Revenue & Financial Results | Market Cap Arena

VACMarriott Vacations Worldwide Corporation

$2B

Q2 2023 Earnings

Consumer Cyclical Gambling, Resorts & Casinos

Income Statement

Revenue

$823M-2.0% YoY

Gross Profit

$481M58.4% margin

Operating Income

$211M25.6% margin

Net Income

$90M10.9% margin

EPS (Diluted)

$2.17

QoQ Revenue Growth

+2.4%

Cash Flow

Operating Cash Flow

$77M

Free Cash Flow

$51M

Stock-Based Comp.

$12M

Balance Sheet

Total Assets

$9.5B

Total Liabilities

$7.0B

Stockholders' Equity

$2.5B

Cash & Equivalents

$242M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$823M	$840M	-2.0%
Gross Profit	$481M	$519M	-7.3%
Operating Income	$211M	$241M	-12.4%
Net Income	$90M	$136M	-33.8%

Revenue Segments

Time Share

$391M30%

Cost Reimbursement

$355M27%

Management And Exchange

$206M16%

Rental

$146M11%

Service, Other

$86M7%

Ancillary Revenues

$71M5%

Management Service

$49M4%