Vail Resorts Q2 net income $219M ($5.76 EPS); dividend +8% to $2.22; cuts FY2024 guidance

VAIL RESORTS INC

2024-Q2 EPS reported $1.15 revenue$1,336,523,000

Q2 net income $219.3M vs $208.7M YoY; diluted EPS $5.76 vs $5.16.
Resort Reported EBITDA $425.0M, up 7.7% from $394.8M YoY; margins improved 3.3 pts.
Season-to-date skier visits -9.7%; lift revenue +2.6% driven by pass product growth.
Board increases quarterly dividend 8% to $2.22/share, payable April 11, 2024.
FY2024 guidance lowered: net income $270M-$325M, Resort EBITDA $849M-$885M.

item 2.02 item 5.02 item 9.01

Executive movements

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Appointed

Reginald Chambers

Director

MTN · VAIL RESORTS INC

Effective: 2024-03-11
Filed: March 11, 2024, 7:59 PM ET

On March 11, 2024, the Board of Directors (the “Board”) of Vail Resorts, Inc. (the “Company”), based on the recommendation of the Nominating and Governance Committee of the Board, appointed Reginald Chambers as a director of the Company, to serve until his successor is elected and qualified or until his earlier resignation or removal.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

VAIL RESORTS INC reported second quarter of fiscal 2024 ended January 31, 2024 results: net income $219.3 million.

Period: second quarter of fiscal 2024 ended January 31, 2024
Net income: $219.3 million
Result: reported results

Exact text from the filing

Net income attributable to Vail Resorts, Inc. was $219.3 million for the second fiscal quarter of 2024 compared to net income attributable to Vail Resorts, Inc. of $208.7 million in the same period in the prior year.

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Executive change SEC 8-K Item 5.02 confidence 0.95

Reginald Chambers was appointed as Director at VAIL RESORTS INC.

Action: appointed
Role: Director

Exact text from the filing

On March 11, 2024, the Board of Directors (the “Board”) of Vail Resorts, Inc. (the “Company”), based on the recommendation of the Nominating and Governance Committee of the Board, appointed Reginald Chambers as a director of the Company, to serve until his successor is elected and qualified or until his earlier resignation or removal.

View on SEC.gov

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Source: SEC EDGAR

accession 0000812011-24-000018

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