http://investors.vailresorts.com/news-releases/news-release-details/vail-resorts-reports-fiscal-2017-fourth-quarter-and-full-year
- Net income attributable to
Vail Resorts, Inc. was$210.6 million for fiscal 2017, an increase of 40.6% compared to fiscal 2016. Included in net income for fiscal 2017, on a pre-tax basis, are charges for an increase in the Canyons contingent consideration of$16.3 million and a future contribution toTown of Vail parking of$4.3 million , as well as a foreign currency gain of$15.3 million on the intercompany loan toWhistler Blackcomb Holdings Inc. ("Whistler Blackcomb "). - Resort Reported EBITDA was
$593.4 million for fiscal 2017, an increase of 31.1% compared to fiscal 2016. Fiscal 2017 Resort Reported EBITDA includes the operations ofWhistler Blackcomb andStowe Mountain Resort ("Stowe ") prospectively from their respective acquisition closing dates and$10.8 million of acquisition and integration related expenses. - Season pass sales through
September 24, 2017 for the upcoming 2017/2018 North American ski season increased approximately 17% in units and 23% in sales dollars as compared to the period in the prior year throughSeptember 25, 2016 , includingWhistler Blackcomb andStowe pass sales in both periods, adjusted to eliminate the impact of foreign currency by applying current period exchange rates to the prior period. - The Company issued its fiscal 2018 guidance range and expects Resort Reported EBITDA to be between
$652 million and$682 million , including an estimated$2.6 million of integration related expenses
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