Marriott Vacations Worldwide (VAC) Tops Q1 EPS by 14c

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Marriott Vacations Worldwide Reports First Quarter 2015 Financial Results

April 30, 2015 8:00 AM EDT

ORLANDO, Fla., April 30, 2015 /PRNewswire/ -- Marriott Vacations Worldwide Corporation (NYSE: VAC) today reported first quarter 2015 financial results and provided updated guidance for the full year 2015.

First quarter 2015 highlights:

Adjusted EBITDA totaled $57.5 million, an increase of $17.2 million, or 43 percent, year-over-year. Adjusted fully diluted earnings per share (EPS) increased to $0.85, up 52 percent from $0.56 in the first quarter of 2014. Company vacation ownership contract sales (which exclude residential sales) were $170.0 million, up 9.5 percent year-over-year; North America vacation ownership contract sales were $156.0... More