ORLANDO, Fla.–(BUSINESS WIRE)–Travel + Leisure Co. (NYSE:TNL), the world’s leading membership and leisure travel company, today reported second quarter 2021 financial results for the three months ended June 30, 2021. Highlights and outlook include:
- Net income from continuing operations of $74 million ($0.84 diluted earnings per share) on net revenue of $797 million
- Adjusted EBITDA of $193 million and adjusted diluted earnings per share of $0.88 (1)
- Net cash provided by operating activities of $290 million and adjusted free cash flow of $56 million for the first six months of 2021
- Expects full year adjusted EBITDA from $720 million to $735 million, adjusted diluted EPS of $3.20 to $3.30, and third quarter adjusted EBITDA from $200 million to $210 million
- Management will recommend a third quarter dividend of $0.30 per share for approval by the Board of Directors
“The strong rebound in leisure travel in North America drove continued growth in the…