Vail Resorts 10-Q Report Reveals Segment EBITDA as Key Financial Indicator

By Bobby Samwell • Friday, June 06 06:02 • Permanent Link

Vail Resorts, Inc. has recently released its 10-Q report, offering an insight into its operations and financial performance. The company operates through three segments: Mountain, Lodging, and Real Estate. The Mountain segment includes 42 destination mountain resorts and regional ski areas, with revenue primarily earned during the second and third fiscal quarters. The Lodging segment owns and/or manages luxury hotels, condominiums, and golf courses, closely aligned with the performance of the Mountain segment. The Real Estate segment focuses on the sale of land parcels to third-party developers and planning for future real estate development projects.

In the 10-Q report, Vail Resorts, Inc. discusses its Management’s Discussion and Analysis of Financial Condition and Results of Operations ("MD&A"), emphasizing segment Reported EBITDA (earnings before interest, taxes, depreciation, and amortization) as a significant indicator of its financial performance. The report also highlights the company's Net Debt as an important measurement of its available capital resources. Vail Resorts, Inc. states that its Resort Reported EBITDA and Total Reported EBITDA are not measures of financial performance or liquidity defined under accounting principles generally accepted in the United States ("GAAP").

The report delves into the company's recent trends, risks, and uncertainties, citing the impact of the 2024/2025 North American ski season on its financial performance. Despite a 3% decline in total skier visits across its North American Resorts, the company achieved 3% growth in Resort Reported EBITDA year-to-date. Vail Resorts, Inc. attributes this to the strength of its advance commitment strategy, strong destination guest spending, and the impact of its resource efficiency transformation plan. The company also highlights the impact of snowfall on its Mountain and Lodging revenue, noting that the sale of a variety of pass products prior to the ski season helps stabilize lift revenue.

The market has reacted to these announcements by moving the company's shares 0.54% to a price of $155.05. Check out the company's full 10-Q submission here.

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