Vail Resorts Inc. said its normalized net income for the fiscal second quarter ended Jan. 31 came to $2.46 per share, compared with the S&P Capital IQ consensus estimate of $2.31 per share.
EPS climbed 52.9% year over year from $1.61.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $92.0 million, an increase of 53.9% from $59.8 million in the year-earlier period.
The normalized profit margin increased to 17.3% from 13.2% in the year-earlier period.
Total revenue rose 17.1% year over year to $530.2 million from $452.7 million, and total operating expenses increased 8.4% from the prior-year period to $369.5 million from $341.0 million.
Reported net income rose 95.0% year over year to $115.8 million, or $3.10 per share, from $59.4 million, or $1.60 per share.
