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Marriott Vacations Worldwide quarterly earnings call

gblotter

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Marriott Vacations Worldwide Corporation (NYSE: VAC - News) will report fourth quarter and full year 2011 financial results before the market opens on March 15, 2012. A conference call is scheduled to follow at 10:00 a.m. ET to discuss the Company's results as well as the outlook for 2012. In advance of that call, Marriott Vacations Worldwide is announcing today that it expects 2012 adjusted EBITDA to be within the range of $115 million to $125 million. Definitions of EBITDA and adjusted EBITDA, which are non-GAAP financial measures, and a reconciliation to GAAP net income within the range of $37 million to $43 million, are included below.

Participants may access the call by dialing (877) 941-0844 or (480) 629-9835 for international callers. A live webcast of the call will also be available in the Investor Relations section of the Company's website at www.marriottvacationsworldwide.com.

An audio replay of the conference call will be available for seven days and can be accessed at (800) 406-7325 or (303) 590-3030 for international callers. The replay passcode is 4512595. The webcast will also be available on the Company's website for 90 days following the call.

see http://ir.marriottvacationsworldwide.com/releasedetail.cfm?ReleaseID=647173
 
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gblotter

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I believe this will be the first quarterly earnings report since the spin-off, so it may prove revealing.
 

SueDonJ

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Good to know. It'll be interesting to see how TUGgers dissect and analyze whatever comes out of the call. There have been a couple posts lately about construction starting up again in March at Grand Chateau; maybe we'll get official confirmation about that sort of thing. Thanks for the heads-up.
 
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SueDonJ

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Don't remember hearing anything about this March 15th conference call. But I did find an interesting tidbit in a thread over on the Starwood board, where during their quarterly call a questioner prefaced his remarks with, "Given the success of the Marriott Vacation spinoff ..."

Does this mean the spin-off is thus far seen to be a success by the industry or am I reading too much into it? Or something else?
 

jimf41

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So far Wall Street seems to like the future prospects. Cantor-Fitzgerald just initiated coverage with a BUY recommendation and a price target of $38.00. Since inception the stock price has increased 66%.

it's really too early to tell how it's going to perform down the road but so far it's doing well. As far as the change in the business model is concerned from fewer large sales (weeks) to a lot of small sales (points) I think it's succeeding.
 
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