secwatch.observer — SEC 8-K summary
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Issuer:     VAIL RESORTS INC (MTN)
CIK:        0000812011
Form:       8-K
Filed at:   2022-12-08T23:59:59+00:00
Accession:  0000812011-22-000050
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vail Resorts Q1 net loss narrows to $137M; season pass sales up 6%; reaffirms FY2023 EBITDA guidance
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- Net loss $137.0M ($3.40 loss per diluted share) vs $139.3M loss ($3.44) in prior year; Resort EBITDA loss improved to $96.5M from $108.4M.
- Mountain segment revenue rose 84.6% to $201.7M driven by record Australian visitation; total revenue $279.4M, up 59.2% YoY.
- Season pass sales through Dec 5 up ~6% in units and sales dollars vs prior year; up ~86% and ~53% vs 2019/2020 season.
- Reaffirmed FY2023 net income guidance $321M-$396M and Resort EBITDA $893M-$947M; declared $1.91 quarterly dividend payable Jan 10, 2023.
- Net debt 2.0x trailing total EBITDA; liquidity ~$1.8B in cash and revolver availability as of Oct 31, 2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812011/000081201122000050/0000812011-22-000050-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812011/000081201122000050/mtn-20221208.htm
  HTML page:      https://secwatch.observer/filing/0000812011-22-000050

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