Technitrol, Inc. (NYSE: TNL) reported Q4 EPS of $0.32. Revenue for the quarter came in at $645 million.

Fourth quarter 2020 highlights:

• Net income from continuing operations of $4 million (diluted EPS of $0.05) on net revenue of $645 million
• Adjusted EBITDA of $148 million and adjusted diluted EPS of $0.32 (1)

"At the end of an extraordinary year, I’m proud to report our team delivered a robust fourth quarter, with sequential improvement in vacation ownership interest (VOI) sales and adjusted EBITDA. Our resilient business model allowed us to weather an extremely difficult year in the travel industry. The early actions we took to transform our business and reduce costs enabled us to deliver positive adjusted free cash flow for the full year, as well as adjusted EBITDA margins of over 20% in the second half," said Michael D. Brown, president and CEO of Travel + Leisure Co.

"The strength of our business has allowed us to execute several strategic growth initiatives despite the macro headwinds. We successfully launched Panorama in 2020 and we acquired the Travel + Leisure brand and travel club businesses in January of this year. Both initiatives position the Company for future success, allowing us to expand more broadly into the larger leisure travel market."

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