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27.05.25 - 14:06
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Marriott Vacations Worldwide Appoints Christian Alejandro Asmar to Board of Directors (Business Wire)
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ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced the appointment of Christian Alejandro Asmar to its Board of Directors effective today. Mr. Asmar is the co-founder and Managing Partner of Impactive Capital, which owns approximately 9.5% of the outstanding shares of MVW.
Following Mr. Asmar's appointment, MVW's board will consist of 12 directors, 11 of whom are independent. Also, the Company plans to establish two new ad hoc board committees. One of these committees is expected to focus on advising the Board on the Company's modernization efforts aimed at revenue growth and cost efficiencies, of which Mr. Asmar will be a member, and a second committee is expected to advise the Board on the Company's technology innovation strategy.
“Impactive Capital has been a significant stockholder of the Company for over a year, and we have appreciated their ongoing engagement with management and the Board,” said William J. Shaw, Cha...
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21.05.25 - 23:51
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XFRA: DIVIDEND/INTEREST INFORMATION - 23.05.2025 - EQUBF_01 (XETRA)
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Das Instrument M8V US57164Y1073 MARRIOTT VAC.WORLD.DL-,01 EQUITY wird cum Dividende/Zinsen gehandelt am 22.05.2025 und ex Dividende/Zinsen am 23.05.2025
The instrument M8V US57164Y1073 MARRIOTT VAC.WORLD.DL-,01 EQUITY has its pre-dividend/interest day on 22.05.2025 and its ex-dividend/interest day on 23.05.2025...
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12.05.25 - 21:39
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Marriott Vacations Worldwide Corporation Announces Quarterly Cash Dividend (Business Wire)
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ORLANDO, Fla.--(BUSINESS WIRE)--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. The dividend is payable on or around June 6, 2025, to stockholders of record as of the close of business on May 23, 2025.
About Marriott Vacations Worldwide Corporation
Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, products, and services. The Company has approximately 120 vacation ownership resorts and approximately 700,000 owner families in a diverse portfolio that includes some of the most iconic vacation ownership brands. The Company also operates an exchange network and membership programs comprised of more than 3,200 affiliated resorts in over 90 countries and territories, and provides management services to other resorts and lodging properties. As a leader and ...
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07.05.25 - 22:18
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Marriott Vacations Worldwide Reports First Quarter 2025 Financial Results (Business Wire)
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ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW,” the “Company,” “we” or “our”) reported financial results for the first quarter of 2025.
First Quarter 2025 Highlights
Revenues excluding cost reimbursements increased 3%.
Net income attributable to common stockholders was $56 million and diluted earnings per share was $1.46.
Adjusted net income attributable to common stockholders was $65 million and adjusted diluted earnings per share was $1.66.
Adjusted EBITDA was $192 million.
Consolidated Vacation Ownership contract sales was $420 million in the quarter.
The Company returned $91 million of cash to stockholders during the quarter, repurchasing $36 million of common stock and paying dividends totaling $55 million.
The Company reiterates its full-year Adjusted EBITDA outlook.
“We had a strong first quarter growing first time buyer sales and Adjusted EBITDA, illustrating the power of our leisure-focused business model,” said John Geller, preside...
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06.05.25 - 15:45
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Marriott Vacations Worldwide Completes $450 Million Term Securitization (Business Wire)
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ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) (“MVW” or the “Company”) announced today the completion of a $450 million securitization of vacation ownership loans, offered to qualified institutional buyers in the United States pursuant to Rule 144A and outside the United States in accordance with Regulation S under the Securities Act of 1933, as amended. The notes were issued by MVW 2025-1 LLC (the “Issuer”). The notes have a blended interest rate of 5.16% and a gross advance rate of 98%.
“We are very happy with the investor demand for this securitization, which underscores the resilience and confidence in our timeshare loan portfolio, at a time of intense market volatility. Each class was oversubscribed more than three times, a clear reflection of the strength of our business model and the trust that securitization investors place in us,” said Jason Marino, Executive Vice President and Chief Financial Officer.
The transaction was backed by a pool of ...
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30.04.25 - 15:06
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Marriott Vacations Worldwide Celebrates $20 Million Fundraising Milestone in Support of Children′s Miracle Network (Business Wire)
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ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide (NYSE: VAC) (“MVW”), a leading global vacation company, is celebrating $20 million in funds raised for children's hospitals across the U.S. through its partnership with Children's Miracle Network Hospitals.
“This milestone is a testament to the unwavering dedication and generosity of our associates, Owners, and guests,” said John Geller, president and CEO of Marriott Vacations Worldwide. “We look forward to continuing our partnership with Children's Miracle Network Hospitals to bring hope and healing to children and families in need."
While Marriott Vacations Worldwide has passionately supported Children's Miracle Network Hospitals since 1983, this $20 million milestone reflects the total funds raised since 2008. As a year-round fundraising partner, MVW associates, guests and vacation club Owners raise funds through hosting large scale events like regional golf tournaments, conducting unique fundraising events at resorts and s...
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02.04.25 - 14:36
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Marriott Vacations Worldwide Corporation Announces First Quarter Earnings Release and Conference Call (Business Wire)
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ORLANDO, Fla.--(BUSINESS WIRE)--Marriott Vacations Worldwide Corporation (NYSE: VAC) will report financial results for the first quarter 2025 after the market closes on Wednesday, May 7. A conference call will follow at 8:30 a.m. ET on Thursday, May 8 to discuss the Company's results.
Participants may 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 of the conference call will be available at ir.mvwc.com from 10 a.m. ET on May 8 until 10 p.m. ET on June 8. To access the replay, dial (877) 660-6853 or (201) 612-7415 for international callers. The conference ID for the recording is 13752589.
About Marriott Vacations Worldwide Corporation
Marriott Vacations Worldwide Corporation is a leading global vacation company that offers vacation ownership, exchange, rental and resort and property management, along with related businesses, p...
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03.03.25 - 23:57
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XFRA : DIVIDEND/INTEREST INFORMATION - 05.03.2025 - US57164Y1073 (XETRA)
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Das Instrument M8V US57164Y1073 MARRIOTT VAC.WORLD.DL-,01 EQUITY wird cum Dividende/Zinsen gehandelt am 04.03.2025 und ex Dividende/Zinsen am 05.03.2025
The instrument M8V US57164Y1073 MARRIOTT VAC.WORLD.DL-,01 EQUITY has its pre-dividend/interest day on 04.03.2025 and its ex-dividend/interest day on 05.03.2025...
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