Peak Resorts, Inc. Reports Unaudited Consolidated Earnings Results for the Third Quarter and Nine Months Ended January 31, 2018; Reports Impairment Loss for the Third Quarter Ended January 31, 2018; Provides Tax Rates Guidance for the Fourth Quarter of 2018
For the nine months, the company reported revenues of $75,630,000 against $71,986,000 a year ago. Loss from operations was $7,194,000 against $3,538,000 a year ago. Loss before income tax benefit was $16,563,000 against $12,777,000 a year ago. Net loss was $8,328,000 against $7,721,000 a year ago. Net loss attributable to common shareholders was $9,528,000 against $7,721,000 a year ago. Basic and diluted loss per share was $0.68 against $0.55 a year ago. EBITDA was $4,070,000 against $6,104,000 a year ago.
Fro the fourth quarter, the company reported impairment loss was $1,586,000.
The company estimate that federal and state tax rates through the remainder of fiscal year 2018 will be at a new lower rate of 27.4%.