TNL · Travel + Leisure Co. Q2 FY2026 earnings call record财报电话会记录

“Through the first half of the year, we've returned $253 million to shareholders through dividends and share repurchases.”

“Volume per guest also exceeded plan at $3,318, up 2% year-over-year.”

“The size of these transactions preserves our balance sheet flexibility and allows us to maintain our capital allocation strategy, including dividends and share repurchases.”

“Revenue grew 4%, EBITDA grew 8%, and earnings per share grew 14%.”

“EBITDA margin expanded 70 basis points, reflecting healthy operating leverage across the business.”

“We're exiting older, lower demand resorts through our resort optimization initiative and improving the quality of our resort network through new brands and recent acquisitions.”

“Second quarter revenue declined 5% to $157 million, while segment EBITDA declined 11% to $49 million, reflecting the continued evolution of our exchange business.”

“During the quarter, we repurchased approximately $88 million of common stock, an increase of 25% from the prior year, while continuing to pay our quarterly dividend.”

“Combining the stronger outlook for the core business with the expected contribution from the acquisitions, we now expect full year gross VOI sales of $2.6 billion-$2.675 billion.”

“Additional guidance assumptions include a full year adjusted tax rate of approximately 29%, free cash flow conversion of roughly half of EBITDA, and year-over-year EPS growth of approximately 20%, supported by EBITDA growth, deal accretion, and share repurchases.”

“For the third quarter, we expect gross VOI sales of $700 million-$740 million, EBITDA of $275 million-$285 million, and volume per guest of $3,300-$3,350.”

“Through the first half of the year, we delivered compounding growth across the P&L, 4% revenue growth, 9% EBITDA growth, and 21% earnings per share growth.”