greeksoup/ stock research
Stock research / United States / VAC / Q3 FY2023

Marriott Vacations Worldwide (VAC) Q3 FY2023 earnings: revenue $1.2 billion, down 5.3% on the year

Marriott Vacations Worldwide Corp. (VAC) reported revenue of $1.2 billion for Q3 FY2023, the quarter ended 30 September 2023, down 5.3% on the same quarter a year earlier. Net income was $42 million, down 61.5% on the year, and diluted earnings per share $1.09. The figures are the company's own, from the 10-Q it filed with the SEC on 3 November 2023.

Revenue$1.2 billiondown 5.3%
Net income$42 milliondown 61.5%
Diluted EPS$1.09
QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Revenue1,186n/an/an/a
Operating income105n/an/an/a
Operating margin8.9%n/an/a
Income tax24.0n/an/an/a
Net income42.0n/an/an/a
Net margin3.5%n/an/a
Diluted EPS$1.09n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Operating cash flow122n/an/an/a
Capital expenditure29.0n/an/an/a
Free cash flow93.0n/an/an/a
Free cash flow margin7.8%n/an/a
Cash from investing-32.0n/an/an/a
Cash from financing-65.0n/an/an/a
Depreciation and amortisation33.0n/an/an/a
Share-based compensation6.0n/an/an/a
Buybacks86.0n/an/an/a
Dividends paid0.0n/an/an/a
Dividend per share$0.72n/an/an/a
Diluted shares, weighted43mn/an/an/a
Shares outstanding at period end36mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Shareholders' equity2,408n/an/an/a
Non-controlling interest2.0n/an/an/a
Debt2,878n/an/an/a
Other liabilities4,165n/an/an/a
Total liabilities and equity9,453n/an/an/a
Goodwill3,117n/an/an/a
Intangible assets868n/an/an/a
Cash and equivalents265n/an/an/a
Other assets5,203n/an/an/a
Total assets9,453n/an/an/a

Questions

What was Marriott Vacations Worldwide's revenue in Q3 FY2023?

Marriott Vacations Worldwide (VAC) reported revenue of $1.2 billion for Q3 FY2023, the quarter ended 30 September 2023, down 5.3% on the same quarter a year earlier.

How much did Marriott Vacations Worldwide earn in Q3 FY2023?

Net income for Q3 FY2023 was $42 million, down 61.5% on the year, and diluted earnings per share $1.09.

When did Marriott Vacations Worldwide report Q3 FY2023 results?

Marriott Vacations Worldwide filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 3 November 2023.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue1,1861,1941,1951,1401,3051,3271,2001,2461,2631,3231,2571,320
Operating income10510213710214810312911233.0-45188.0161
Operating margin9%9%11%9%11%8%11%9%3%-34%7%12%
Net income42.035.047.037.084.050.056.069.0-2.0-43122.077.0
Net margin4%3%4%3%6%4%5%6%-0%-33%2%6%
Diluted EPS$1.09$0.96$1.22$0.98$2.12$1.29$1.46$1.77-$0.07n/a$0.64$2.12
Operating cash flow12283.03.030.072.01008.0-48.062.06.0-4.080.0
Capital expenditure29.026.016.013.014.014.014.020.011.012.08.014.0
Free cash flow93.057.0-13.017.058.086.0-6.0-68.051.0-6.0-12.066.0
Buybacks86.038.024.012.09.011.036.00.00.025.00.00.0
Dividends paid0.026.054.027.00.026.055.028.027.00.055.027.0
Shares outstanding36m35m35m35m35m35m35m35m35m34m34m34m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 3 November 2023, accession 0001524358-23-000039: the filing on EDGAR. All of Marriott Vacations Worldwide Corp.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install