Travel + Leisure Co Unveils 2024 Financial Results
Travel + Leisure Co reported substantial earnings for the fiscal year ending December 31, 2024.
Travel + Leisure Co Unveils 2024 Financial Results
Travel + Leisure Co has revealed its fourth quarter and comprehensive financial results for the year ending 31st December 2024.
Key Financial Highlights
Q4 2024 Performance:
- Net Income: $119 million (diluted EPS of $1.72) on total revenue of $971 million.
- Adjusted EBITDA: $252 million.
- Stock Buyback: The company repurchased $70 million of its common stock.
Overall 2024 Financial Summary:
- Total Net Income: $411 million (diluted EPS of $5.82) on net revenue of $3.9 billion.
- Adjusted EBITDA: $929 million.
- Net Cash from Operations: $464 million by year-end.
- Adjusted Free Cash Flow: $446 million.
A Positive Year Ahead
According to Michael D. Brown, the president and CEO, “2024 was a tremendous year for Travel + Leisure Co as it showed an exemplary performance by delivering strong top and bottom-line growth.”
Strategic Movements
The company executed a multi-brand strategy, highlighted by its acquisition of Accor Vacation Club. Brown mentioned that their strong financial results were bolstered by an increase in vacation ownership sales volume per guest, as consumers continued prioritizing vacations.
Business Segments Overview
- Vacation Ownership: Revenue rose by 5% to $813 million in Q4 2024.
- Travel and Membership: Revenue decreased by 1% to $157 million in Q4.
Looking Forward to 2025
Travel + Leisure Co expects adjusted EBITDA for 2025 to range from $955 million to $985 million. Management also anticipates a first quarter adjusted EBITDA in the range of $195 million to $205 million, with a recommended dividend increase to $0.56 per share pending board approval.
Brown stated, “We expect to see continued profitable growth in our vacation ownership business, which is central to our investment strategy.”
