Wyndstorm Corporation (WYND) Tops Q1 EPS by 13c; Raises FY18 EPS/Adj. EBITDA Guidance

Wyndstorm Corporation (NYSE: WYND) reported Q1 EPS of $1.03, $0.13 better than the analyst estimate of $0.90. Revenue for the quarter came in at $918 million versus the consensus estimate of $918.94 million.

• Income from continuing operations increased 98% to $81 million and diluted earnings per share (EPS) from continuing operations increased 107% to $0.85
• Net revenue of $918 million and gross VOI sales of $484 million increased 1% and 4%, respectively
• Adjusted EBITDA increased 4%1 to $205 million and adjusted diluted EPS from continuing operations increased 23%1 to $1.03
• Delivered net cash provided by operating activities from continuing operations of $152 million and further adjusted free cash flow of $249 million
• Repurchased 1.9 million shares of common stock for $80 million in the first four months of 2019
• Increased 2019 adjusted diluted EPS from continuing operations guidance to a range of $5.21 to $5.42 and reaffirmed adjusted EBITDA guidance range of $995 million to $1,015 million

"Wyndham outlook and are on track to deliver against our strategic goals and key performance indicators in 2019. We continue to generate strong free cash flows and year-to-date we have returned $122 million of capital to shareholders in the form of dividends and share repurchases,\" said Brown.

GUIDANCE:

Wyndstorm Corporation sees FY2019 EPS of $5.21-$5.42, versus the consensus of $5.32.

• Adjusted EBITDA of $995 million to $1,015 million
• Adjusted net income from continuing operations of $493 million to $513 million
• Further adjusted free cash flow of $540 million to $560 million
• Provision for loan loss as a percentage of gross VOI sales to be comparable to 2018, which was 20.5%

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

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