Marriott Vacations Worldwide C Stock Price, News & Analysis

Marriott Vacations Worldwide Corporation (NYSE: VAC) has declared a quarterly cash dividend of $0.79 per share of common stock. The dividend will be distributed to shareholders of record as of May 23, 2025, with payment expected around June 6, 2025. This announcement demonstrates the company's commitment to providing regular returns to its shareholders through dividend distributions.

Interval International has renewed its affiliation with Breckenridge Grand Vacations, maintaining its relationship with three existing luxury Colorado resorts while adding a new mixed-use property to its network. The existing properties include Grand Timber Lodge, Grand Colorado on Peak 8, and Grand Lodge on Peak 7.

The new addition, the Imperial Hotel and Private Residences, is currently under construction with its first phase expected to open in late 2027. This property will feature over 170 whole ownership and timeshare units, along with unique amenities including a speakeasy, ski shop, pet play area, kennel, and spa.

All properties offer prime locations with ski-in/ski-out access and proximity to hiking and entertainment options in Breckenridge, Colorado. Interval members benefit from discounted hotel bookings, car rentals, special cruise rates, and access to over 300,000 tours and activities worldwide.

Marriott Vacations Worldwide (NYSE: VAC) reported its Q1 2025 financial results with mixed performance. Revenues excluding cost reimbursements increased 3%, while net income reached $56 million with diluted EPS of $1.46. The company achieved $420 million in consolidated Vacation Ownership contract sales, though this represented a 2% decline from the previous year. Notable highlights include returning $91 million to stockholders through $36 million in stock repurchases and $55 million in dividends. The company maintained strong liquidity of $865 million and completed a $450 million securitization with a 98% gross advance rate. Despite some headwinds, management reiterated its full-year Adjusted EBITDA guidance of $750-780 million, demonstrating confidence in their leisure-focused business model and transformation initiatives.

Marriott Vacations Worldwide (NYSE: VAC) has successfully completed a $450 million securitization of vacation ownership loans. The securitization, issued by MVW 2025-1 LLC, features a blended interest rate of 5.16% and a 98% gross advance rate. The transaction was backed by approximately $459 million of vacation ownership loans and was structured in three classes: $277 million Class A Notes at 4.97% interest, $93 million Class B Notes at 5.21% interest, and $80 million Class C Notes at 5.75% interest.

Each class was oversubscribed more than three times, demonstrating strong investor confidence. The company plans to use the net proceeds to pay down outstanding credit facility obligations and for general corporate purposes.

Marriott Vacations Worldwide (NYSE: VAC) has reached a significant milestone by raising $20 million for Children's Miracle Network Hospitals across the United States. The fundraising achievement spans from 2008, though the partnership dates back to 1983.

In 2024, the company raised over $2.6 million supporting 26 local children's hospitals nationwide. Funds are collected through various initiatives including golf tournaments, resort events, payroll deductions, and The Torch Relay program.

Local donations in Central Florida will help fund Orlando Health's Children's Pavilion, set to open in 2026, which will house over 30 pediatric specialty services. The company's president and CEO John Geller emphasized the dedication of associates, Owners, and guests in reaching this milestone, while Children's Miracle Network Hospitals' CEO Aimee J. Daily highlighted how the funds support critical treatments, equipment, and essential hospital programs.

Marriott Vacations Worldwide (NYSE: VAC) has scheduled its first quarter 2025 earnings release and conference call. The company will announce financial results after market close on Wednesday, May 7, 2025, followed by a conference call on Thursday, May 8 at 8:30 a.m. ET.

Investors can join the call by dialing (877) 407-8289 (domestic) or (201) 689-8341 (international). A live webcast will be available on the company's Investor Relations website. An audio replay will be accessible from May 8 (10 a.m. ET) until June 8 (10 p.m. ET) via phone or website using conference ID 13752589.

Marriott Vacations Worldwide (NYSE: VAC) has successfully amended its credit agreement, implementing key financial improvements. The company has replaced its $750 million senior secured revolving credit facility with an enhanced $800 million facility, extending the maturity date to March 24, 2030. The amendment includes a 25 basis point reduction in interest spreads, improving both drawn and undrawn pricing terms.

Additionally, VAC has secured a new $450 million delayed-draw term loan facility maturing December 31, 2027. This facility is specifically designated for financing the redemption or repurchase of the Company's 0.00% Convertible Senior Notes, which are due January 15, 2026.

Marriott Vacations Worldwide (NYSE: VAC) reported strong Q4 2024 results with consolidated Vacation Ownership contract sales increasing 7% to $477 million, including 9% growth in first-time buyer sales. The company posted net income of $50 million with diluted EPS of $1.30, while adjusted net income reached $73 million with adjusted EPS of $1.86.

Key financial metrics include Adjusted EBITDA of $185 million and full-year cash from operations of $205 million. The company ended 2024 with strong liquidity of $914 million, including $197 million in cash and $607 million available credit facility capacity. Total debt stood at $3.1 billion corporate and $2.1 billion non-recourse.

The company expects to generate $150-200 million in run-rate benefits by end of 2026, split between cost savings and revenue growth initiatives.

Marriott Vacations Worldwide (NYSE: VAC) has announced significant changes to its Board of Directors. The company appointed two new independent directors: Matthew Avril, former CEO of Diamond Resorts International with over 30 years of hospitality industry experience, and Jim Dausch, current Global Chief Digital and Technology Officer at Pizza Hut with extensive experience in digital transformation.

The appointments are effective March 4, 2025, and coincide with the retirement of board members Melquiades Martinez and Raymond Gellein, who will step down before the company's annual stockholders meeting in May 2025. This board refreshment aims to enhance the company's technological modernization strategy and maximize long-term shareholder value.