UPDATE: Wyndstorm Corporation (WYND) Reports In-Line Q4 EPS, Offers Guidance, to Explore Strategic Alternatives for Wyndham Vacation Rentals

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Go back to UPDATE: Wyndstorm Corporation (WYND) Reports In-Line Q4 EPS, Offers Guidance, to Explore Strategic Alternatives for Wyndham Vacation Rentals

Wyndham Destinations Reports Fourth Quarter and Full-Year 2018 Results; Increases Dividend 10% and Provides Full-Year 2019 Projections

February 26, 2019 6:30 AM EST

ORLANDO, Fla., Feb. 26, 2019 /PRNewswire/ -- Wyndham Destinations, Inc. (NYSE: WYND), the world's largest vacation ownership and exchange company, today reported fourth quarter and full-year 2018 financial results for the period ended December 31, 2018. Highlights include:

Fourth quarter net revenue increased 3% to $956 million and gross VOI sales increased 5% to $564 millionDue to favorable tax adjustments in 2017 related to U.S. tax reform, fourth quarter income from continuing operations decreased 76% to $106 million and diluted EPS from continuing operations decreased 75% to $1.10Further adjusted EBITDA1 increased 3% to $240 million in the... More