Marriott Vacations lifts 2026 adjusted EBITDA forecast to $805 million-$830 million
VAC•Second-quarter results and leverage outlook
The outlook follows second-quarter contract sales up 22% to $545 million; adjusted EBITDA rose 6% to $215 million; and adjusted free cash flow totaled $201 million year-to-date.
Leverage is expected in the upper 3x range by year-end from about 4x in the second quarter. Debt repayment remains the priority, with scope for opportunistic buybacks below 4x.
2026 guidance raised across EBITDA, sales and cash flow
Marriott Vacations Worldwide raised full-year adjusted EBITDA guidance to $805 million-$830 million, up $50 million from prior guidance.
Full-year contract sales are now seen up 18%-20%, implying 25%-29% growth in the second half.
Full-year adjusted free cash flow forecast was also lifted to $410 million-$460 million, up $35 million at the midpoint, with conversion seen in the mid-50% range.
