secwatch.observer — SEC 8-K summary
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Issuer:     VAIL RESORTS INC (MTN)
CIK:        0000812011
Form:       8-K
Filed at:   2023-12-07T23:59:59+00:00
Accession:  0000812011-23-000061
Event type: earnings
Sentiment:  negative
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vail Resorts reports wider Q1 net loss of $175.5M, announces Crans-Montana acquisition
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- Net loss $175.5M ($4.60 per diluted share) vs $137.0M loss ($3.40) in prior year.
- Mountain segment net revenue down 14.5% to $172.5M; Mountain EBITDA loss $139.5M (wider by $47.4M).
- Season pass sales through Dec 4: units +4%, sales dollars +11% YoY; expects ~2.4M guests generating >$900M revenue.
- Declared $2.06 quarterly dividend payable Jan 9, 2024 to holders of record Dec 26; repurchased 0.2M shares for $50M.
- Agreement to acquire Crans-Montana in Switzerland for ~CHF 118.5M; expected close during 2023/2024 season; FY2025 EBITDA ~CHF 5M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812011/000081201123000061/0000812011-23-000061-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812011/000081201123000061/mtn-20231207.htm
  HTML page:      https://secwatch.observer/filing/0000812011-23-000061

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