secwatch.observer — SEC 8-K summary
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Issuer:     VAIL RESORTS INC (MTN)
CIK:        0000812011
Form:       8-K
Filed at:   2023-06-08T23:59:59+00:00
Accession:  0000812011-23-000035
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vail Resorts Q3 net income $325M vs $372.6M YoY; Resort EBITDA up 2.1% to $623.3M
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812011/000081201123000035/0000812011-23-000035-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812011/000081201123000035/mtn-20230608.htm
  HTML page:      https://secwatch.observer/filing/0000812011-23-000035

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