Vail Resorts, Inc. (MTN) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good afternoon and welcome to the Vail Resorts Fiscal 2025 Year-End Earnings Conference Call. Today's conference is being recorded. Currently, all callers have been placed in a listen-only mode, and following management's prepared remarks, the call will be opened up for your questions. If you would like to ask a question at that time, please press star 1 on your telephone keypad. If you need to remove yourself from the queue, press star 2. To get to as many questions as time permits, we ask that you please limit yourself to one question and one follow-up. At any time, if you should need operator assistance, press star 0. I will now turn the call over to Angela Korch, Chief Financial Officer of Vail Resorts. You may begin. Thank you, operator. Good afternoon and welcome to our fiscal 2025 fourth quarter earnings conference call. Joining me on the call today is Rob Katz, our chief executive officer. Before we begin, let me remind you that some information provided during this call may include forward-looking statements that are based on certain assumptions and are subject to a number of risks and uncertainties as described in our SEC filings. And actual future results may vary materially. Forward-looking statements in our press release issued this afternoon along with our remarks on this call, are made as of today, September 29th of 2025, and we undertake no duty to update them as actual events unfold. Today's remarks also include certain non-GAAP financial measures. Reconciliations of these measures are provided in the tables included with our press release, which along with our annual report on Form 10-K were filed this afternoon with the SEC and are also available on the investor relations section of our website at www.valeresorts.com. I would now like to turn the c...