earnings
confidence high
sentiment neutral
materiality 0.70
Vail Resorts Q3 net income $325M vs $372.6M YoY; Resort EBITDA up 2.1% to $623.3M
VAIL RESORTS INC
2023-Q3 EPS reported
$9.87
revenue$2,619,596,000
- Net income of $325M ($8.18 diluted EPS) vs $372.6M ($9.16) a year ago; decline driven by $47M Park City contingent consideration adjustment.
- Resort Reported EBITDA of $623.3M, up $12.8M (+2.1%) on record visitation and ancillary revenue growth; lift revenue fell 0.7%.
- FY2023 guidance revised: net income $251-283M, Resort EBITDA $837-853M (prior $847-891M EBITDA).
- Early 2023/2024 pass sales up ~6% in units and ~11% in sales dollars vs prior year; $400M share repurchases (1.8M shares at $225.01).
- Quarterly dividend $2.06 per share payable July 12, 2023 to holders of record June 27, 2023.