Travel + Leisure Q3 net income falls 12% to $97 million; adjusted EPS rises to $1.57
Travel + Leisure Co. reported third quarter 2024 net revenue of $993 million, up 1% from a year earlier, while net income fell 12% to $97 million and diluted EPS fell 7% to $1.39. Adjusted EBITDA slipped 2% to $242 million, and the company kept its full-year adjusted EBITDA guidance unchanged but narrowed its full-year gross VOI sales outlook at the top end, so results are mixed for shareholders.
Key points
- Net revenue rose 1% to $993 million, but net income fell 12% to $97 million and diluted EPS fell to $1.39 from $1.49.
- Adjusted EBITDA fell 2% to $242 million; adjusted diluted EPS rose 2% to $1.57.
- Full-year adjusted EBITDA guidance held at $915 million to $935 million; gross VOI sales guidance narrowed to $2.25 billion to $2.30 billion from $2.25 billion to $2.35 billion.
- Returned $105 million to shareholders in the quarter, including $35 million in dividends and $70 million in share repurchases; $509 million remained on the buyback authorization as of September 30, 2024.
The filing
Written by AI on Nov 8, 2026, 1:00 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on October 23, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.