Travel + Leisure Co. (NYSE:TNL) Q2 2025 Earnings Conference Call July 23, 2025 8:00 AM ET
Company Participants
Erik Hoag – Chief Financial Officer
Michael Brown – CEO, President & Director
Conference Call Participants
Chris Woronka – Deutsche Bank AG, Research Division
Elizabeth Dove – Goldman Sachs Group, Inc., Research Division
Charles Scholes – Truist Securities, Inc., Research Division
Stephen Grambling – Morgan Stanley, Research Division
David Katz – Jefferies LLC, Research Division
Benjamin Chaiken – Mizuho Securities USA LLC, Research Division
Brandt Montour – Barclays Bank PLC, Research Division
Operator
Greetings, and welcome to the Travel + Leisure Second Quarter 2025 Earnings Conference Call Webcast.
[Operator Instructions]As a reminder, this conference is being recorded. It’s now my pleasure to introduce your host, Erik Hoag, Chief Financial Officer. Please go ahead, sir.
Erik Hoag
Thank you, Kevin. Good morning to everyone. Before we begin, we would 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 press release accompanying the earnings call.
You can find a reconciliation of the non-GAAP financial measures discussed in today’s call in the earnings press release available on the Investor Relations website. This morning, Michael Brown, our President and Chief Executive Officer, will provide an overview of the second quarter results and our longer-term growth strategy. And then I’ll provide greater detail on the quarter, our balance sheet and outlook for the rest of the year.
Following our prepared remarks, we’ll open up the call for questions. Finally, all comparisons today are
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