secwatch.observer — SEC 8-K summary
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Issuer:     VAIL RESORTS INC (MTN)
CIK:        0000812011
Form:       8-K
Filed at:   2024-09-26T23:59:59+00:00
Accession:  0000812011-24-000089
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Vail Resorts FY2024 net income $230M, EBITDA $825M; unveils $100M transformation plan
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- Net income dropped to $230.4M ($6.07 diluted EPS) from $268.1M ($6.74) in FY2023; revenue flat at $2.885B.
- Resort Reported EBITDA $825.1M vs $834.8M prior year, including $11.1M negative from Crans-Montana.
- FY2025 guidance: net income $224M-$300M; Resort EBITDA $838M-$894M; assumes normal weather and $15M transformation costs.
- Two-year resource efficiency plan targets $100M annualized savings by FY2026, with $27M in FY2025 before $15M one-time costs.
- Quarterly dividend $2.22/share payable Oct 24, 2024; repurchased 0.7M shares ($150M) in FY2024; buyback authority increased by 1.1M shares.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/812011/000081201124000089/0000812011-24-000089-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/812011/000081201124000089/mtn-20240926.htm
  HTML page:      https://secwatch.observer/filing/0000812011-24-000089

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