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

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WEBVTT 00:00:00.031 -- 00:00:05.258 Good afternoon and welcome to the Vail Resorts Fiscal 2025 00:00:05.258 -- 00:00:11.526 Year-End Earnings Conference Call. Today's conference is being recorded. 00:00:11.526 -- 00:00:17.072 Currently, all callers have been placed in a listen-only mode, and following management's 00:00:17.072 -- 00:00:22.139 prepared remarks, the call will be opened up for your questions. 00:00:22.139 -- 00:00:27.245 If you would like to ask a question at that time, please press star 1 on your 00:00:27.245 -- 00:00:29.208 telephone keypad. 00:00:29.208 -- 00:00:33.094 If you need to remove yourself from the queue, press star 2. 00:00:33.094 -- 00:00:38.242 To get to as many questions as time permits, we ask that you please 00:00:38.242 -- 00:00:42.289 limit yourself to one question and one follow-up. 00:00:42.289 -- 00:00:47.657 At any time, if you should need operator assistance, press star 0. 00:00:47.657 -- 00:00:52.705 I will now turn the call over to Angela Korch, Chief Financial Officer of Vail 00:00:52.705 -- 00:00:55.987 Resorts. You may begin. 00:00:56.579 -- 00:01:01.586 Thank you, operator. Good afternoon and welcome to our fiscal 2025 fourth quarter earnings 00:01:01.586 -- 00:01:06.913 conference call. Joining me on the call today is Rob Katz, our chief executive officer. 00:01:06.913 -- 00:01:11.359 Before we begin, let me remind you that some information provided during this call may 00:01:11.359 -- 00:01:15.004 include forward-looking statements that are based on certain assumptions and are subject 00:01:15.004 -- 00:01:19.430 to a number of risks and uncertainties as described in our SEC filings. 00:01:19.430 -- 00:01:22.134 And actual future results may vary materially. 00:01:22.134 -- 00:01:25.943 Forward-looking statements in our...