MARRIOTT VACATIONS WORLDWIDE Corp — Form 8-K
Filed November 4, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 62/100
What the filing says
Marriott Vacations Worldwide reported Q3 2026 contract sales of $565M (+29% YoY), with VPG reaching $4,822 (+30%). Development profit nearly doubled to $142M. Full-year contract sales guidance raised to $2,120-$2,140M and adjusted EBITDA to $810-$830M (both midpoint increases), despite an estimated $16M hurricane impact. Net income was $82M vs. $2M loss prior year; adjusted net income $98M (+47%); adjusted EBITDA $216M (+27%). The company also completed a $460M term securitization post-quarter. Net corporate leverage improved to 3.6x from 4.0x. Board extended $322M share repurchase authorization by one year to Dec 31, 2027.
Why this rating
Strong Q3 operational performance with 29% sales growth and margin expansion, plus guidance raise, meaningfully exceeds baseline for $2.2B company. However, modest relative to overall size—$565M quarterly sales is ~25% annualized revenue base.
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