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Trendwest Announces Record Revenues

REDMOND, WA-Trendwest Resorts Inc. says its third quarter net income hit $15.8 million, a 36% increase from the same quarter last year, with revenues reaching what it is calling "a record" $359 million.

By Janet Parker | Updated on October 29, 2001

REDMOND, WA-While many businesses in recreation-based industries have been hit hard by Sept. 11, Trendwest Resorts Inc. appears to be bucking the trend. Bill Peare, president and CEO of Trendwest says, “Clearly, today’s consumers value the flexibility that drive-to locations offer, as exemplified by WorldMark’s continued strong occupancy rates, and our continued ability to attract qualified guests to our urban sales offices.”

The company’s successes recently earned it a raking 33rd as a Forbes 200 Best Small Companies in America, and they are reflected in its third-quarter earnings as announced Thursday.

The vacation timeshare company says its third-quarter net income of $15.8 million — or $0.61 per diluted share. This represents is an increase of 36.1% from last year’s third quarter, which yielded $11.6 million — or a split-adjusted $0.45 per share.

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