and call. to everyone, welcome Morning, third quarter our earnings
give I'm team season. Before of provide you major efforts extremely to hurricane X states, team a causing continued hurricanes our corporate special how we the of to multiple and guests as members. responded these their members want our as proud damage during to back-to-back in disasters, I recognition and our our field With impacted well this of across begin, service support to to thank midst natural tremendous teams
to our We're all committed for the of providing storms our Cross need. by relief members with affected of those their through support Red the in to along team time contribution additional to
by to encouraged the third on quarter. progress Turning We're our this quarter initiatives strategic our results.
as are we cost positive following our and acquisition ahead We identified part We're Bluegreen the against of synergies we continue changes tracking execute with quarter. the you seeing our signs discussed organization last some assumptions. to of also
execution. regionalization cover which We a progress reminder, goal a both X a were marketing sales changes increased moment. and further of consistency areas: staffing, our made focused fronts, key As those on driving in I'll and in with solid on
Importantly, We've better new outcomes. positive see produce results those begun to business. in some have changes started buyer to our early
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when about optimistic trends our at And close and based we're and on momentum initiatives, rates our look VPGs. we our
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pleased beyond scale, that ahead. have we're in our long-term near-term Looking confident shareholders. these structure further strategy operational execution in I'm right improvements we value with our challenges, with and the to our and and expecting leadership for place the create quarter are
tours of the Turning in line with EBITDA were contract to Contract sales $XXX our by quarter. million, our was results in the sales were for were driven million, with $XXX Reported and expectations. adjusted and which lower VPG. margins quarter XX%,
system our owner to we and the buyer of the in them. steady showed growth our in showed of saw business that trends tour quarter, and explore quarter. the a we upcoming business expect line decline with new what will Bluegreen during tours, at in Tour was owners our the and more to Looking attract available Max the new launch second HGV options
on continuing our we're improve Dan several we the channels and minimal the will details we to shortly. hurricanes, lost impact of also those we quarter, get to adjustments impact thousand Debbie storm believe However, efficiency. And to third and to Staying Helen during our make more top fourth to was in the quarter, the our into while expect Hurricane period. tours more
the $X,XXX dipped ], that was sequential period demonstrating [ quarter growth historically the slightly from for second quarter the VPG in levels.
the further to we're to rates experienced. hurricanes quarter. our And improved year's against best New our despite returned impacts improved particular, performance within I HGV from that in growth segment in Buyer back-to-back encouraged business, and October prior the the close we legacy of the VPG the year New DRI as close Buyer Our rate mentioned,
gains our of the quarter, Maui lapping for with at occupancy the markets are packages. as year, package particularly from from XX%, mainland rental some arrivals X and our the of well about the quarter demand marketing as reductions last indicators, last strong up added packages fourth year's growing Consolidated occupancy, XXX,XXX XX,XXX demand Looking quarter over in pipeline our reflecting was to points ahead wildfires. to second in
up X.X% XXX,XXX which and Max HGV XX% the aided expect roll momentum of we Resort to the club higher at which today, success last of out members segments. was as non-real that our Bluegreen the NOG is Max business. time quarter estate XXX,XXX the we to with had than recurring period Turning We since great system. ended performance the to to program year. We're keep members the and same it We've and launching going
from well our deal continues provide through environment business subscribed to to traveler on Financing our continued week. last to And just Rental Our execute to flow and manage cash a priced demand. offerings the additional business, well including business benefit solid ABS we
track amount shareholders through of record a track cash to record our to flow. and to also of cash We're repurchases. our we're return produce Turning on to on year, flow this a cash amount
X.X we of for shares stock million. $XXX quarter, million repurchased This
Now let update initiatives. strategic me on provide an our
As I our cost mentioned, we continue to track ahead of synergies.
reorganization the now I'm behind to addition, also of us. glad In that the disruption the bulk say is from
incentives, those new owners of flexibility closer positions tiers provide customers' and and with to of system in additional tools aligns teams we needs, the of the an and in tour of HGV our each deployment to our enhance buyers for to wider to options the them to key of structure, easier the making enable our The across course the the the higher portfolio new promotions for Over the finalized We've appointment and form further value our of structure teams. it frontline Max. leadership enter experience new support moves as tailor regional key quarter, sales to upgrade decision-makers their the including noncash regions. marketing into our also geographic our provided
solid discussed second here progress. The in was too, we call focus made that area to report And we've last staffing. of our I'm pleased
particularly to action taken further our position staffing have been efficiency sales all close metrics, in with where fill plan improve change. teams rates. which Our to we buyer the they've markets year staffing levels in a happy And say our I'm on and efficiency new needed our our will tour are to aid for improvement, sales gaps best that
to and continue In QX, offer into in In our on This at retail addition to opened partnership within which families full working bringing Wolf additional year. Great our openings young new and programs. Wolf with packages Great HGV in includes those new outlets make the we to are the locations, advancing progress system. areas, X X is partnership, speed we
additional feedback Wolf owners the Great points confirm marketing affinity level VPG We the X direct across customer from continue channels at for high getaways shorter of the receive positive and between to our brands. and locations their using
Diamond's Turning brand. Bluegreen Club will become part rebranding of to XX% the keys unique our rebranded there good rebranding of year-end. Hilton although handful properties, of efforts. of well. targeted for become by progress that Vacation And The Grand assets have the we're making We are remain will track on Hilton plans to properties our assets Vacations a on majority as
slated unit the of over rebranding was to the years, the case with by the Diamond, stage rebranded properties the of As XXXX. the majority the of with next few be end we'll Bluegreen
Max HGV we're with As looking to for to world provide system. ecosystem think renowned Max the first the and with introducing I Bluegreen mentioned access addition offering Hilton us, membership new We upgrade a providing will owners compelling motivate existing earlier, members Bluegreen their to buyers the to forward that the time.
that announce acquired a property Japan. our to Kyoto, be will excited which within converting become we also I'm property third in to
we of introduce has property that were we're so schedule. the recall, in approaching been sellout its Japan. international timeshare to company ahead first Sesoko And If rapidly our you successful brand
the year, comparable popular know with Japanese, with visitors We destination As we a believe very Japan the was received. property will well be leading a and in XX million to Kyoto Orlando.
XX to We numbers prefer ability reach, travelers it's our of including example to selling expect the and attract next start broad of we year, think significant another domestic stays. to middle in leverage in great the of Japan our geographic centers sales project Japanese who
looking So I we come strategic quarter, in optimistic. and of to away solid make the at the continue results summary, progress
confident ahead our challenges strategy quarters and initiatives ahead. adjusting execution While acquisition. of to in our still overall the we're environment our have We place with improve there's us, remain recent actively in around some to the
maximize place, inventory the right scale, our shareholders. And have the structure the and value deliver our right the in for assets with product. we're to coming right and on focused quarters execution in those We
the talk I'll over With that, numbers. it turn Dan you to to through Dan?
