---
schema_version: "secwatch.filing_event.v1"
accession: "0000812011-23-000016"
form_type: "8-K"
ticker: "MTN"
cik: "0000812011"
company_name: "VAIL RESORTS INC"
filed_at: "2023-03-09T23:59:59+00:00"
generated_at: "2026-06-18T07:59:11.381906+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Vail Resorts Q2 net income down 6.6%, lowers FY2023 guidance; raises dividend 8%

## Summary
- Net income attributable to Vail Resorts was $208.7M ($5.16 diluted EPS) vs $223.4M ($5.47) prior year, down 6.6%.
- Resort Reported EBITDA decreased 0.8% to $394.8M; total resort revenue increased 20.7% to $1,094M.
- FY2023 guidance lowered: Resort EBITDA now $831M-$859M, net income $282M-$328M; Eastern U.S. and Tahoe weather cited.
- Quarterly dividend raised 8% to $2.06/share, payable April 11, 2023; share repurchase authorization expanded by 2.5M shares.
- Season-to-date skier visits up 3.6%, but Eastern U.S. lost >25% of planned operating days due to weather disruption.

## SEC filing metadata
- accession: 0000812011-23-000016
- form_type: 8-K
- ticker: MTN
- cik: 0000812011
- company_name: VAIL RESORTS INC
- filed_at: 2023-03-09T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/812011/000081201123000016/0000812011-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/812011/000081201123000016/mtn-20230309.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000812011-23-000016
- JSON: https://secwatch.observer/filing/0000812011-23-000016.json
- Plain text: https://secwatch.observer/filing/0000812011-23-000016.txt

## Key facts
- Earnings Releases
  VAIL RESORTS INC reported second quarter of fiscal 2023 ended January 31, 2023 results: net income Net income attributable to Vail Resorts, Inc. was $208.7 million.
  - Period: second quarter of fiscal 2023 ended January 31, 2023
  - Net income: Net income attributable to Vail Resorts, Inc. was $208.7 million
  - Result: reported results
  source text: Vail Resorts, Inc. (NYSE: MTN) today reported results for the second quarter of fiscal 2023 ended January 31, 2023 and provided the Company’s ski season-to-date metrics through March 5, 2023.
  evidence_url: https://www.sec.gov/Archives/edgar/data/812011/000081201123000016/0000812011-23-000016-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.