Travel + Leisure Co Expects 2024 Adj EBITDA of $910M-$930M, Q1 Adj EBITDA of $185M-$190M
Portfolio Pulse from Benzinga Newsdesk
Travel + Leisure Co (TNL) has provided its financial guidance for 2024, expecting Adjusted EBITDA to be between $910M-$930M for the full year and $185M-$190M for Q1. The company also forecasts Gross VOI sales of $2.25B-$2.35B for the year and $460M-$480M for Q1, with VPG ranging from $2,900-$3,000 annually and $2,925-$3,025 for Q1. Additionally, Travel and Membership Adjusted EBITDA is anticipated to be $75M-$80M in Q1. Sensitivities to the full year Adjusted EBITDA guidance include a $6M change with 100 bps change in Tours and an $11M change with 100 bps change in VPG.
February 21, 2024 | 11:37 am
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Travel + Leisure Co expects a robust financial performance in 2024 with Adjusted EBITDA between $910M-$930M and significant Gross VOI sales.
The provided financial guidance indicates a positive outlook for Travel + Leisure Co, suggesting growth and strong performance in 2024. This is likely to be viewed favorably by investors, potentially leading to a positive impact on the stock price in the short term.
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