UPDATE: MKM Partners Upgrades Marriott Vacations Worldwide (VAC) to Buy
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Marriott Vacations Worldwide Reports Second Quarter 2015 Financial Results
July 23, 2015 8:01 AM EDTORLANDO, Fla., July 23, 2015 /PRNewswire/ --Â Marriott Vacations Worldwide Corporation (NYSE: VAC) today reported second quarter 2015 financial results and provided updated guidance for the full year 2015.
Second quarter 2015 highlights:
Adjusted fully diluted earnings per share (EPS) increased to $0.91, up 4.6 percent from $0.87 in the second quarter of 2014. Adjusted EBITDA totaled $57.7 million, an increase of $1.0 million, or 2 percent, year-over-year. North America contract sales were $150.6 million, up 3.4 percent year-over-year. North America tours increased 1.2 percent year-over-year. North America volume per... More