Marriott Vacations reports Q4 adjusted EPS $2.74, consensus $2.72

Reports Q4 revenue $1.19B, consensus $1.2B. Adjusted EBITDA was $239 million; excluding the impact of the Alignment. The Company repurchased 1.2 million shares of its common stock for $173 million during the quarter at an average price per share of $139.90. 2022 was a great year for Marriott Vacations Worldwide. We generated over $1.8 billion of contract sales, a new high for our Company, and returned more than $800 million in cash to shareholders. We also launched Abound by Marriott Vacations, added over 20,000 new owners in our Vacation Ownership business and grew active Interval International members by 21%," said John Geller, president & chief executive officer. "Looking forward, we expect occupancies in North America and Europe to remain strong this year and for Asia-Pacific to continue to improve. We also expect to grow contract sales this year by 5% to 9% compared to the prior year and for Adjusted Free Cash Flow to be between $600 million and $670 million, illustrating the continued demand for leisure travel and the strength of our business model."