Travel + Leisure — Apr 22, 2026 release

Gross VOI sales of $549 million, up 7% year-over-year • Net income of $79 million (diluted earnings per share of $1.22) • Adjusted EBITDA of $225 million and Adjusted diluted earnings per share of $1.45 (1) , representing 11% and 31% year-over-year growth, respectively • Volume per guest (VPG) of $3,321, a 3% increase year-over-year, on a 5% increase in tours • Expects second quarter Adjusted EBITDA of $260 million to $270 million and reaffirms full-year Adjusted EBITDA guidance of $1,030 million to $1,055 million • Returned $128 million to shareholders through $41 million of dividends and $87 million of share repurchases President and Chief Executive Officer Michael D. Brown commented, “We're off to a strong start to 2026, with positive momentum in our Vacation Ownership business and above plan first quarter Adjusted EBITDA. We achieved healthy Gross VOI sales and tour growth, while executing our resort optimization initiative. These results underscore strong execution, resilient owner demand, and the durability of our business model." "Our multi-brand strategy continues to advance, with robust growth in Margaritaville Vacation Club and Eddie Bauer Adventure Club during the quarter. We also announced the fourth location for Sports Illustrated Resorts in Baton Rouge, home of Louisiana State University and Southern University, a highly complementary market that fits well within the club's growing portfolio." (1) This press release includes Adjusted EBITDA, Adjusted diluted EPS, Adjusted free cash flow, Gross VOI sales, Adjusted net income, and Adjusted EBITDA margin, which are measures that are not calculate