MARRIOTT VACATIONS WORLDWIDE overview

Marriott Vacations Worldwide Corporation (NYSE: VAC) today announced its Board of Directors authorized a quarterly cash dividend of $0.79 per share of common stock, an increase of 4% over the Company’s prior dividend. “The dividend increase reflects our confidence in our leisure focused business strategy and growth potential, and upholds our continued commitment to providing value to our shareholders,” said Jason Marino, chief financial officer. The dividend is payable on or around January...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company”) reported second quarter 2023 financial results. Second Quarter 2023 Highlights Consolidated Vacation Ownership contract sales were $453 million, a 10% decrease compared to the second quarter of 2022, and VPG was $3,968. Net income attributable to common shareholders was $90 million compared to $136 million in the prior year, and fully diluted earnings per share decreased 27% to $2.17. Adjusted net income attributable to...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company”) today announced Jason Marino has been named Executive Vice President and Chief Financial Officer effective September 30. He will succeed Anthony “Tony” Terry, who announced his intent to retire from the Company earlier this year. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230725510404/en/ Marriott Vacations Worldwide Corporation has named Jason Marino as...

Marriott Vacations Worldwide Corporation (NYSE: VAC) will report second quarter 2023 financial results after the market closes on Wednesday, August 2. A conference call will follow at 8:30 a.m. ET on Thursday, August 3, to discuss the Company's results. Participants can access the call by dialing (877) 407-8289 or (201) 689-8341 for international callers. A live webcast of the call will also be available in the Investor Relations section of the Company's website at ir.mvwc.com . An audio replay...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the "Company") today announced that Raman Bukkapatnam will join the Company as Chief Information Officer, effective July 10, 2023. As a member of the Company’s Executive Committee, Bukkapatnam will report directly to John Geller, President and Chief Executive Officer. In his role, Bukkapatnam will be responsible for leading the enterprise’s global technology strategy, transformation, and modernization. Bukkapatnam is a strategic leader...

Marriott Vacations Worldwide (NYSE: VAC), a leader in leisure travel with a portfolio of trusted, globally-recognized travel brands, is proud to announce it has been certified as a Most Loved Workplace ® backed by Best Practice Institute for the second year in a row and recognized by U.S. News & World Report among its inaugural 200 Best Companies to Work For. The Most Loved Workplace ® certification is given to companies where associates are the happiest and most satisfied at work, and less...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the "Company") today announced that its Board of Directors increased its share repurchase authorization and declared a quarterly dividend. As of May 10, 2023, the Company had approximately $149 million of capacity to repurchase common stock remaining under its prior authorization. The Board of Directors increased this remaining authorization to an aggregate of $600 million (including the $149 million of remaining unused capacity) and extended...

Marriott Vacations Worldwide Corporation (NYSE: VAC) (the “Company") today announced that Executive Vice President and Chief Financial Officer Anthony “Tony” Terry has decided to retire later this year. The Company is conducting a search for his successor. Mr. Terry plans to stay on as CFO until the role has been filled and the transition period is complete later this year. “I want to thank Tony for his contributions over the last 27 years at the Company,” said John Geller, president...