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Travel + Leisure Co. (TNL) Q1 2024 Earnings Call Transcript

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Travel + Leisure Co. (TNL) Q1 2024 Earnings Call Transcript

Travel + Leisure Co. (NYSE:TNL) Q1 2024 Earnings Conference Call April 24, 2024 8:00 AM ET

Company Participants

Jill Greer – VP, IR
Michael Brown – President & CEO
Mike Hug – CFO

Conference Call Participants

Joe Greff – JP Morgan
David Katz – Jefferies
Chris Woronka – Deutsche Bank
Patrick Scholes – Truist Securities
Ben Chaiken – Credit Suisse
Ian Zaffino – Oppenheimer
Brandt Montour – Barclays

Operator

Greetings, and welcome to the Travel + Leisure First Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. A brief question-and-answer session will follow the formal presentation. [Operator Instructions]. As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host Jill Greer, Vice President of Investor Relations. Thank you. You may begin.

Jill Greer

Thanks, Maria. Good morning to everyone and thank you for dialing into our first quarter call. Joining us this morning are, Michael Brown, our President and Chief Executive Officer; and Mike Hug, our Chief Financial Officer. Michael will provide an overview of our financial results and our longer-term growth strategy, and Mike, will then provide greater detail on the quarter, our balance sheet, and outlook for the rest of the year. Following our prepared remarks, we’ll open the call up for questions.

Before we begin, we’d like to remind you that our discussions today will include forward-looking statements. Actual results could differ materially from those indicated in the forward-looking statements, and the forward-looking statements made today are effective only as of today. We undertake no obligation to publicly update or revise these statements.

The factors that could cause actual results to differ are discussed in our SEC filings and in our earnings press release. You can find a reconciliation of the non-GAAP financial measures discussed in

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