Marriott Vacations Worldwide Reports Q3 $0.72 v $0.40e, R$412M v $401Me; approves 3.5M share buyback program (10% of shares oustanding) - Guides FY13 $2.21-2.37 v $2.11e, Adj EBITDA $165-175M, North America contract sales +4-8% y/y (prior $1.94-2.10; Adj EBITDA $155-165M, North America contract sales +5-10% y/y on July 18th) - Adjusted net income reflects a $3 million increase in pre-tax income that resulted from the exclusion of $4 million of organizational and separation related costs, partially offset by the exclusion of $1 million of pre-tax income related to the impact of extended rescission periods in the company's Europe segment. - CEO: djusted EBITDA increased over 50 percent year over year, driven by VPG growth and solid development margin performance, as well as stronger results from our rental and resort management businesses,Based on our year-to-date performance and our outlook for the fourth quarter, we are increasing our full year adjusted development margin, free cash flow and EBITDA guidance."