>PARSIPPANY, N.J. 04-29-2009 —
Wyndham Worldwide Corporation (NYSE:WYN) today announced results for the three months ended March 31, 2009.
First quarter 2009 adjusted net income was $74 million, or $0.41 diluted earnings per share (EPS), compared with adjusted net income of $62 million, or $0.35 diluted EPS, for the first quarter of 2008.
First quarter 2009 net cash from operating activities was approximately $210 million, compared with $87 million in the first quarter of 2008. The remaining borrowing capacity on the Company’s revolving credit facility increased to approximately $355 million compared with approximately $290 million as of December 31, 2008.