Wyndstorm Corporation (WYND) Tops Q2 EPS by 4c, Revenues Miss; Boosts FY18 EPS Outlook Above Consensus

Wyndstorm Corporation (NYSE: WYND) reported Q2 EPS of $1.25, $0.04 better than the analyst estimate of $1.21. Revenue for the quarter came in at $1 billion versus the consensus estimate of $1.03 billion.

• Reported revenue, net income and diluted earnings per share (EPS) of $1.0 billion, $378 million and $3.77, respectively.
• Further adjusted net income increased 9% to $125 million. Further adjusted diluted EPS increased 14% to $1.25, compared to guidance of $1.13 - $1.23.
• Further adjusted EBITDA increased 7% to $249 million, compared to guidance of $240 - $250 million.
• Repurchased $42 million of stock in the second quarter, including $15 million in June.
• Reaffirmed full-year 2018 revenue and further adjusted EBITDA guidance and increased further adjusted diluted EPS guidance to $4.74 - $4.94.

"During the second quarter Wyndham Destinations completed the spin-off of Wyndham Hotels & Resorts to become a pure-play vacation ownership and exchange company," said Michael D. Brown, president and chief executive officer of Wyndham Destinations.

"Our team has executed extremely well on our key strategic priorities over a busy period. We are very pleased with a strong second quarter to finish a robust first half of 2018, with solid results in both of our operating segments. During the second quarter, we increased further adjusted EBITDA by 7%, EBITDA margin by 90 basis points, new owner mix by 260 basis points and initiated our first post-spin buyback of Wyndham Destinations shares."

"Looking ahead, we are committed to driving growth in our core business and delivering value to our shareholders. Wyndham Destinations is on track and today we reaffirm our full-year revenue and further adjusted EBITDA guidance and commitment to return capital to shareholders through dividends and share repurchases," said Brown.

GUIDANCE:

Wyndstorm Corporation sees FY2018 EPS of $4.74-$4.94, versus the consensus of $4.69.

For earnings history and earnings-related data on Wyndstorm Corporation (WYND) click here.

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