Vail Resorts (MTN) Posts Q1 Loss of $1.77/Share
Vail Resorts (NYSE: MTN) reported Q1 EPS of ($1.77), $0.26 better than the analyst estimate of ($2.03). Revenue for the quarter came in at $128.26 million versus the consensus estimate of $132.04 million.
GUIDANCE:
The following table reflects the forecasted guidance range for the Company's fiscal year ending July 31, 2015, for Reported EBITDA (after stock-based compensation expense) and reconciles such Reported EBITDA guidance to net income attributable to Vail Resorts, Inc. guidance for fiscal 2015.
Fiscal 2015 Guidance | |||||||||
(In thousands) | |||||||||
For the Year Ending | |||||||||
July 31, 2015 | |||||||||
Low End Range | High End Range | ||||||||
Mountain Reported EBITDA (1)(6) | $ | 324,000 | $ | 338,000 | |||||
Lodging Reported EBITDA (2) | 13,000 | 25,000 | |||||||
Resort Reported EBITDA (3)(6) | 340,000 | 360,000 | |||||||
Real Estate Reported EBITDA (4) | (13,000) | (6,000) | |||||||
Total Reported EBITDA | 327,000 | 354,000 | |||||||
Depreciation and amortization | (147,000) | (140,000) | |||||||
Change in fair value of contingent consideration (5)  | — | — | |||||||
Loss on disposal of fixed assets, net | (2,000) | (800) | |||||||
Investment income, net | 200 | 500 | |||||||
Interest expense | (57,000) | (54,000) | |||||||
Loss on extinguishment of debt | — | — | |||||||
Income before provision for income taxes | 121,200 | 159,700 | |||||||
Provision for income taxes | (45,800) | (59,400) | |||||||
Net income (6) | 75,400 | 100,300 | |||||||
Net loss attributable to noncontrolling interests | 100 | 200 | |||||||
Net income attributable to Vail Resorts, Inc. (6) | $ | 75,500 | $ | 100,500 | |||||
For earnings history and earnings-related data on Vail Resorts (MTN) click here.