Marriott Vacations Worldwide Corporation (NYSE:VAC) Q1 2022 Earnings Conference Call May 6, 2022 8:30 AM ET

Company Participants

Stephen Weisz - Chief Executive Officer

John Geller - President

Tony Terry - Executive Vice President, Chief Financial Officer

Conference Call Participants

Patrick Scholes - Truist Securities

Ben Chaiken - Credit Suisse

Chris Woronka - Deutsche Bank

Operator

Greetings and welcome to the Marriott Vacations Worldwide first quarter 2022 earnings call. At this time, all participants are in a listen-only mode. A question and answer session will follow the formal presentation. If anyone should require Operator assistance during the conference, please press star, zero on your telephone keypad. As a reminder, this conference is being recorded.

I would now like to turn the conference over to your host, Tony Terry, Executive Vice President and Chief Financial Officer for Marriott Vacations Worldwide. Thank you, you may begin.

Tony Terry

Thank you and welcome to the Marriott Vacations Worldwide first quarter 2022 earnings conference call. I am joined today by Steve Weisz, Chief Executive Officer and our President, John Geller.

I need to remind everyone that many of our comments today are not historical facts and are considered forward-looking statements under federal securities laws. These statements are subject to numerous risks and uncertainties as described in our SEC filings which could cause future results to differ materially from those expressed in or implied by our comments. Forward-looking statements in the press release that we issued last night and the presentation we added to our website this morning, as well as our comments on this call, are effective only when made and will not be updated as actual events unfold.

Throughout the call, we will make references to non-GAAP financial information. You can find a reconciliation of non-GAAP financial measures referred to in our remarks in the schedules attached to our press release, as well as the Investor Relations page of our website at ir.mvwc.com.

It is now my pleasure to turn the call over to our CEO, Steve Weisz.

Stephen Weisz

Thanks Tony. Good morning everyone and thank you for joining our first quarter earnings call.

Before we share our financial results, I want to recognize the continued uncertainty in the world today. From significant geopolitical issues, supply chain disruptions and inflationary pressures impacting our day-to-day lives to adjusting to a new normal as the pandemic wanes, the world definitely continues to be a complex place; however, despite these uncertainties, I couldn’t be more proud of our associates and their continued dedication to our owners, members, guests and each other. I want to take a moment to acknowledge every one of them at our destinations across the world, our corporate and regional offices, and our sales centers. Their continued dedication is the driving force behind our success.