HitchHiker71
Moderator
- Joined
- Jun 29, 2018
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- Location
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- Resorts Owned
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Outer Banks Beach Club I (PIC Plus)
Colonies at Williamsburg (PIC Plus)
CWA VIP Gold (718k EY)
National Harbor Resale (689k)
For anyone interested in how Wyndham is doing financially:
The summary/bullet points:
ORLANDO, Fla. (Feb. 26, 2020)—Wyndham Destinations, Inc. (NYSE:WYND), the world's largest vacation ownership and exchange company, today reported fourth quarter and full-year 2019 financial results for the period ended December 31, 2019. Highlights include:
• Net VOI sales increased 4% to $464 million; gross VOI sales increased 3% to $582 million in the fourth quarter
• Fourth quarter GAAP diluted EPS from continuing operations increased 57% to $1.73
• Adjusted diluted EPS from continuing operations in the fourth quarter increased 24% to $1.58
• Net income from continuing operations increased 46% to $155 million and adjusted net income from continuing operations increased 15% to $142 million in the fourth quarter
• Fourth quarter adjusted EBITDA increased 10% to $265 million(1)
• Delivered full-year net cash provided by operating activities from continuing operations of $453 million (55% increase) and adjusted free cash flow from continuing operations of $617 million(6% increase)
• Repurchased 7.6 million shares of common stock for $340 million in 2019
• Full-year 2020 Adjusted EBITDA is projected to be between $1.03 billion and $1.05 billion
• The Board of Directors authorized an 11% increase in the quarterly dividend to $0.50 per share
Michael D. Brown, president and CEO of Wyndham Destinations, noted, "In our first full year as a standalone public company, Wyndham Destinations delivered on our promise to provide value to shareholders through steady growth, strong margins and robust free cash flow. We are pleased with our fourth quarter and full-year results as adjusted EBITDA, gross VOI sales and tours each grew 4% in 2019."
The summary/bullet points:
ORLANDO, Fla. (Feb. 26, 2020)—Wyndham Destinations, Inc. (NYSE:WYND), the world's largest vacation ownership and exchange company, today reported fourth quarter and full-year 2019 financial results for the period ended December 31, 2019. Highlights include:
• Net VOI sales increased 4% to $464 million; gross VOI sales increased 3% to $582 million in the fourth quarter
• Fourth quarter GAAP diluted EPS from continuing operations increased 57% to $1.73
• Adjusted diluted EPS from continuing operations in the fourth quarter increased 24% to $1.58
• Net income from continuing operations increased 46% to $155 million and adjusted net income from continuing operations increased 15% to $142 million in the fourth quarter
• Fourth quarter adjusted EBITDA increased 10% to $265 million(1)
• Delivered full-year net cash provided by operating activities from continuing operations of $453 million (55% increase) and adjusted free cash flow from continuing operations of $617 million(6% increase)
• Repurchased 7.6 million shares of common stock for $340 million in 2019
• Full-year 2020 Adjusted EBITDA is projected to be between $1.03 billion and $1.05 billion
• The Board of Directors authorized an 11% increase in the quarterly dividend to $0.50 per share
Michael D. Brown, president and CEO of Wyndham Destinations, noted, "In our first full year as a standalone public company, Wyndham Destinations delivered on our promise to provide value to shareholders through steady growth, strong margins and robust free cash flow. We are pleased with our fourth quarter and full-year results as adjusted EBITDA, gross VOI sales and tours each grew 4% in 2019."