Travel + Leisure Co. Names Erik Hoag as CFO

Dow Jones

2025/05/01

By Katherine Hamilton

Travel + Leisure Co. named Erik Hoag its new chief financial officer.

Hoag is set to start on May 19 and succeed Mike Hug, who plans to retire after 26 years, the resort and timeshare operator said Thursday.

Hoag, 52 years old, joins from Fidelity National Information Services where he was chief integration officer starting in 2023.

Travel + Leisure plans to pay Hoag a base salary of $650,000, plus an incentive and equity package. Hug made a salary of $669,547 in 2024, with a total compensation of about $4.7 million.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

By Katherine Hamilton

OneWater Marine shares sank after the company lowered its full-year outlook on shrinking demand.

The stock fell 21% to $11.80 in premarket trading Thursday. Shares are down 14% this year and hit a 52-week low in April.

Chief Executive Austin Singleton said the water management company is taking a more cautious approach to the selling season because macroeconomic uncertainty is affecting consumer demand.

As a result of falling demand, OneWater lowered its full-year outlook for adjusted earnings per share to 75 cents to $1.25, down from previous guidance for $1 to $2. It now expects revenue to be $1.7 billion to $1.8 billion compared with a prior range of $1.7 billion to $1.85 billion.

OneWater posted a loss of $400,000, or 2 cents a share, for the fiscal second quarter compared with a loss of $4.5 million, or 27 cents a share, the year before.

Revenue fell 1% to $483.5 million, below analysts' expected $497.7 million. Same-store sales decreased 2%.

Write to Katherine Hamilton at katherine.hamilton@wsj.com

(END) Dow Jones Newswires

May 01, 2025 08:10 ET (12:10 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.

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Hug made a salary of $669,547 in 2024, with a total compensation of about $4.7 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n</font><font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Katherine Hamilton \n</p>\n<pre>\n \n</pre>\n<p>\n  OneWater Marine shares sank after the company lowered its full-year outlook on shrinking demand. \n</p>\n<p>\n  The stock fell 21% to $11.80 in premarket trading Thursday. Shares are down 14% this year and hit a 52-week low in April. \n</p>\n<p>\n  Chief Executive Austin Singleton said the water management company is taking a more cautious approach to the selling season because macroeconomic uncertainty is affecting consumer demand. \n</p>\n<p>\n  As a result of falling demand, OneWater lowered its full-year outlook for adjusted earnings per share to 75 cents to $1.25, down from previous guidance for $1 to $2. It now expects revenue to be $1.7 billion to $1.8 billion compared with a prior range of $1.7 billion to $1.85 billion. \n</p>\n<p>\n  OneWater posted a loss of $400,000, or 2 cents a share, for the fiscal second quarter compared with a loss of $4.5 million, or 27 cents a share, the year before. \n</p>\n<p>\n  Revenue fell 1% to $483.5 million, below analysts' expected $497.7 million. Same-store sales decreased 2%. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 01, 2025 08:10 ET (12:10 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Travel + Leisure Co. 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Hug made a salary of $669,547 in 2024, with a total compensation of about $4.7 million. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n</font><font class=\"NormalMinus1\" face=\"Arial\">\n<pre>\n \n</pre>\n<p>\n  By Katherine Hamilton \n</p>\n<pre>\n \n</pre>\n<p>\n  OneWater Marine shares sank after the company lowered its full-year outlook on shrinking demand. \n</p>\n<p>\n  The stock fell 21% to $11.80 in premarket trading Thursday. Shares are down 14% this year and hit a 52-week low in April. \n</p>\n<p>\n  Chief Executive Austin Singleton said the water management company is taking a more cautious approach to the selling season because macroeconomic uncertainty is affecting consumer demand. \n</p>\n<p>\n  As a result of falling demand, OneWater lowered its full-year outlook for adjusted earnings per share to 75 cents to $1.25, down from previous guidance for $1 to $2. It now expects revenue to be $1.7 billion to $1.8 billion compared with a prior range of $1.7 billion to $1.85 billion. \n</p>\n<p>\n  OneWater posted a loss of $400,000, or 2 cents a share, for the fiscal second quarter compared with a loss of $4.5 million, or 27 cents a share, the year before. \n</p>\n<p>\n  Revenue fell 1% to $483.5 million, below analysts' expected $497.7 million. Same-store sales decreased 2%. \n</p>\n<pre>\n \n</pre>\n<p>\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 01, 2025 08:10 ET (12:10 GMT)\n</p>\n<p>\n  Copyright (c) 2025 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"TNL","symbol_name":"Travel Plus Leisure Co.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2532079844","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2532079844","pubTimestamp":1746100500,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Travel + Leisure Co. named Erik Hoag its new chief financial officer.Hoag is set to start on May 19 and succeed Mike Hug, who plans to retire after 26 years, the resort and timeshare operator said Thursday.Hoag, 52 years old, joins from Fidelity National Information Services where he was chief integration officer starting in 2023.Travel + Leisure plans to pay Hoag a base salary of $650,000, plus an incentive and equity package. 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Hug made a salary of $669,547 in 2024, with a total compensation of about $4.7 million. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n\n \n\n\n  By Katherine Hamilton \n\n\n \n\n\n  OneWater Marine shares sank after the company lowered its full-year outlook on shrinking demand. \n\n\n  The stock fell 21% to $11.80 in premarket trading Thursday. Shares are down 14% this year and hit a 52-week low in April. \n\n\n  Chief Executive Austin Singleton said the water management company is taking a more cautious approach to the selling season because macroeconomic uncertainty is affecting consumer demand. \n\n\n  As a result of falling demand, OneWater lowered its full-year outlook for adjusted earnings per share to 75 cents to $1.25, down from previous guidance for $1 to $2. It now expects revenue to be $1.7 billion to $1.8 billion compared with a prior range of $1.7 billion to $1.85 billion. \n\n\n  OneWater posted a loss of $400,000, or 2 cents a share, for the fiscal second quarter compared with a loss of $4.5 million, or 27 cents a share, the year before. \n\n\n  Revenue fell 1% to $483.5 million, below analysts' expected $497.7 million. Same-store sales decreased 2%. \n\n\n \n\n\n  Write to Katherine Hamilton at katherine.hamilton@wsj.com \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  May 01, 2025 08:10 ET (12:10 GMT)\n\n\n  Copyright (c) 2025 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"executive","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}