Marriott Vacations Worldwide (VAC) Misses Q3 EPS by 5c; Boosts FY15 EPS Outlook
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Marriott Vacations Worldwide Reports Third Quarter 2015 Financial Results
October 15, 2015 8:02 AM EDTORLANDO, Fla., Oct. 15, 2015 /PRNewswire/ --Â Marriott Vacations Worldwide Corporation (NYSE: VAC) today reported third quarter 2015 financial results and provided updated guidance for the full year 2015.
Third quarter 2015 highlights:
Adjusted EBITDA totaled $51.7 million. Adjusted fully diluted earnings per share (EPS) was $0.82, up from $0.81 in the third quarter of 2014. North America contract sales, excluding residential sales, were $142.8 million. Company adjusted development margin was 21.2 percent and North America adjusted development margin was 23.1 percent. Resort... More