secwatch.observer — SEC 8-K summary
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Issuer:     VAIL RESORTS INC (MTN)
CIK:        0000812011
Form:       8-K
Filed at:   2023-03-09T23:59:59+00:00
Accession:  0000812011-23-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812011/000081201123000016/0000812011-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812011/000081201123000016/mtn-20230309.htm
  HTML page:      https://secwatch.observer/filing/0000812011-23-000016

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