Travel Leisure Co.
63.78-0.87 (-1.35%)
Oct 29, 4:00:02 PM EDT · NYSE · TNL · USD
Key Stats
Market Cap
4.10BP/E (TTM)
10.56Basic EPS (TTM)
6.04Dividend Yield
0.03%Recent Filings
10-Q
Q3 FY2025 results
Travel + Leisure Co. posted solid Q3 results, with net revenues climbing 5.1% y/y to $1.044B, fueled by Vacation Ownership's 9.7% VPG surge from owner upgrades and 2.3% more tours, though Travel and Membership edged up just 0.6% amid exchange softness. Operating income rose 13.2% y/y to $214M, with margins expanding to 20.5% on tighter costs, while diluted EPS from continuing ops hit $1.67, up 20.1% y/y, reconciling neatly to 66.1M shares. Cash swelled to $240M, FCF (derived) at $431M after $85M capex, and debt held steady at $3.554B with $815M revolver room and no covenant breaches. The Accor Vacation Club buy in March 2024 added $50M cash for Asia Pacific growth, recognizing $23M intangibles over 20 years. Yet competition in leisure travel could squeeze margins if demand cools.
8-K
Q3 beats drive raised guidance
Travel + Leisure Co. reported third-quarter 2025 net income of $111 million on $1.04 billion revenue, up 5% year-over-year, with Vacation Ownership revenue surging 6% to $876 million on 13% higher gross VOI sales and 10% VPG growth to $3,304. Adjusted EBITDA hit $266 million, exceeding guidance, while the company returned $106 million to shareholders via dividends and repurchases. It raised full-year Adjusted EBITDA outlook to $965-$985 million. Strong demand persists, yet Travel and Membership EBITDA dipped 6%.
8-K
New investor materials posted
Travel + Leisure Co. released updated investor presentation materials on its website on August 25, 2025, under Regulation FD to ensure fair disclosure. These materials will support ongoing discussions with investors and marketing efforts. No specific financial details or strategic updates were included in the filing. Investors should check the IR site regularly for potential material info.
8-K
Refinances high-coupon debt
Travel + Leisure Co. issued $500 million of 6.125% senior secured notes due 2033 on August 19, 2025, to redeem its outstanding 6.60% notes due October 2025 on September 4 and repay borrowings under its revolving credit facility. This refinancing lowers interest costs while extending maturities. The notes rank equally with existing senior debt. Covenants limit secured liens and sale-leasebacks.
8-K
Notes offering priced at $500M
Travel + Leisure Co. priced a $500 million private offering of 6.125% senior secured notes due 2033 on August 5, 2025, set to close August 19. Proceeds will redeem all $350 million of 6.60% notes due October 2025 and repay revolving credit borrowings, while any remainder funds general corporate needs like future debt paydowns. This refinancing extends maturities but ties to market volatility risks.
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