earnings
confidence high
sentiment positive
materiality 0.85
Vail Resorts Q3 net income $362M, Resort EBITDA $654M; updates FY guidance; pass sales units -5% YoY
VAIL RESORTS INC
2024-Q3 EPS reported
$10.66
revenue$2,619,805,000
- Net income $362M ($9.54 diluted EPS) vs $325M ($8.18) prior year; revenue $1,283M (+3.6% YoY).
- Resort Reported EBITDA $654M (+5% YoY); FY guidance updated to $833M-$851M (comparable) or $825M-$843M including Crans-Montana.
- Pass product sales for 2024/2025 season: units -5%, sales dollars +1% vs prior year period; Epic Australia Pass units -22%.
- Closed Crans-Montana acquisition (CHF 97.2M); completed $600M notes offering at 6.5% due 2032, refinanced 6.25% notes; extended credit facility to 2029.
- Declared $2.22/quarter dividend (payable July 10) and repurchased 0.3M shares for $75M in Q3.