Welcome to our dedicated page for Marriott Vacations Worldwide C news (Ticker: VAC), a resource for investors and traders seeking the latest updates and insights on Marriott Vacations Worldwide C stock.
Marriott Vacations Worldwide Corporation (NYSE: VAC) is a global vacation company focused on vacation ownership, exchange, rental, and resort and property management, and its news flow reflects this mix of activities. Company press releases frequently describe a portfolio of approximately 120 vacation ownership resorts and around 700,000 owner families, supported by an exchange network and membership programs that include more than 3,200 affiliated resorts in over 90 countries and territories.
On this news page, readers can follow updates that the company issues about its business, including announcements on quarterly financial results, capital markets transactions, and corporate actions. Recent releases have covered topics such as quarterly earnings, securitizations of vacation ownership loans, offerings and pricing of senior notes, and changes in leadership at the president and chief executive officer level.
Investors tracking VAC news can also see information about dividends, share repurchase authorizations, and participation in investor conferences. These items provide insight into the company’s capital allocation decisions, financing approach, and communication with the investment community.
Because Marriott Vacations Worldwide operates vacation ownership, exchange, rental, and management businesses, its news often touches on contract sales performance, membership activity, and financial guidance, as reflected in its earnings releases and related presentations. Bookmark this page to access the stream of official company announcements and regulatory-related news that shape the ongoing story of VAC as a publicly traded vacation-focused company.
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.
Marriott Vacations Worldwide (NYSE: VAC) has announced that its Board of Directors has authorized a quarterly cash dividend of $0.79 per share of common stock. The dividend will be payable on March 19, 2025, to shareholders who are recorded as stockholders at the close of business on March 5, 2025.
Marriott Vacations Worldwide (NYSE: VAC) has scheduled its fourth quarter 2024 financial results announcement for Wednesday, February 26, after market close. The company will host a conference call on Thursday, February 27, at 8:30 a.m. ET to discuss the results.
Participants 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 February 27 at 10 a.m. ET until March 27 at 10 p.m. ET via the website or by phone using conference ID 13751082.
Marriott Vacations Worldwide (NYSE: VAC) has been recognized on Fortune's list of World's Most Admired Companies, demonstrating its strong reputation across industries. The selection process involved industry executives rating peer companies on nine criteria, including investment value, management quality, products, corporate responsibility, and talent attraction.
John Geller, president and CEO, attributed this achievement to the company's global teams' dedication, commitment to innovation, excellence, and corporate responsibility. The recognition adds to VAC's growing list of accolades, including being named among Newsweek's Most Responsible Companies, Orlando Business Journal's Best Places to Work, and Newsweek's Most Loved Workplaces.
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