Vail Resorts (MTN) reported earnings on Thur 7 June 2018 (b/o)

** charts after earnings **

 

Vail Resorts beats by $0.07, beats on revs; updates outlook 

• Reports Q3 (Apr) earnings of $6.17 per share, $0.07 better than the Capital IQ Consensus of $6.10; revenues rose 6.3% year/year to $844.5 mln vs the $823.83 mln Capital IQ Consensus.
• Outlook
  • Net income attributable to Vail Resorts, Inc. is expected to be between $360 million and $381 million in fiscal 2018.
  • Resort Reported EBITDA is expected to be between $612 million and $622 million for fiscal 2018, which is predicated on current Canadian and Australian foreign exchange rates and includes an estimated $7.0 million of acquisition and integration related expenses specific to Triple Peaks and Stevens Pass and an estimated $3.2 million of integration related expenses specific to Whistler Blackcomb and Stowe. The updated outlook for fiscal year 2018 does not include any estimate for the closing costs, including transfer taxes, or operating results of the Triple Peaks and Stevens Pass acquisitions as the transactions remain subject to closing, which is expected to occur this summer.
  • Resort EBITDA Margin is expected to be approximately 30.7% in fiscal 2018, at the midpoint of our guidance range.