secwatch.observer — SEC 8-K summary
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Issuer:     VAIL RESORTS INC (MTN)
CIK:        0000812011
Form:       8-K
Filed at:   2024-06-06T23:59:59+00:00
Accession:  0000812011-24-000059
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vail Resorts Q3 net income $362M, Resort EBITDA $654M; updates FY guidance; pass sales units -5% YoY
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812011/000081201124000059/0000812011-24-000059-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812011/000081201124000059/mtn-20240606.htm
  HTML page:      https://secwatch.observer/filing/0000812011-24-000059

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