Travel + Leisure Co. (NYSE:TNL) Q3 2025 Earnings Call October 22, 2025 8:00 AM EDT
Company Participants
Erik Hoag – Chief Financial Officer
Michael Brown – CEO, President & Director
Conference Call Participants
Chris Woronka – Deutsche Bank AG, Research Division
Benjamin Chaiken – Mizuho Securities USA LLC, Research Division
Charles Scholes – Truist Securities, Inc., Research Division
Brandt Montour – Barclays Bank PLC, Research Division
Ian Zaffino – Oppenheimer & Co. Inc., Research Division
David Katz – Jefferies LLC, Research Division
Elizabeth Dove – Goldman Sachs Group, Inc., Research Division
Stephen Grambling – Morgan Stanley, Research Division
Presentation
Operator
Greetings, and welcome to the Travel + Leisure Q3 202 Earnings Conference Call and Webcast. [Operator Instructions] As a reminder, this conference is being recorded. It’s now my pleasure to turn the call over to Erik Hoag, Chief Financial Officer. Please go ahead, Erik.
Erik Hoag
Chief Financial Officer
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 this 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 our Investor Relations website. This morning, Michael Brown, our President and Chief Executive Officer, will provide an overview of our third quarter results and our longer-term growth strategy. And then I will provide greater detail on the quarter, our balance sheet and outlook for the rest of the year.
Following our prepared remarks, we’ll
