Vail Resorts CEO Talks Coronavirus, Snowfall, Lift Lines, M&A

Vail Resorts on Monday withdrew its fiscal 2020 guidance because it’s not yet sure how badly the coronavirus outbreak will sag its financial performance. The company plans to provide an update next week, but right now Vail plans to keep all its resorts open as scheduled, according to CEO Rob Katz, who addressed this issue and others on the fiscal second-quarter earnings call.

Clarus Rides Black Diamond To Earnings And Revenue Beat

Clarus Corp., parent of Black Diamond Equipment and Sierra Bullets, on Monday reported fourth-quarter net income of $12.4 million, or 40 cents per diluted share, topping Wall Street’s estimates by 9 cents. The company’s Q4 revenue of $61 million was $1.3 million better than analysts’ targets behind a 13 percent increase in Black Diamond sales that partially offset a 35 percent decline in Sierra sales.

Recreation Leaders Applaud Senate Funding Of LWCF

Outdoor Recreation Roundtable (ORR) members on Monday lauded the Senate for introducing a bipartisan bill, the Great American Outdoors Act, that prioritizes the $20 billion maintenance backlog facing our public lands and waters to fully fund the Land and Water Conservation Fund (LWCF).

The Colorado Classic Announces 2020 Host Communities

The Colorado Classic on Monday announced the four cities that will host the cycling race this summer—Snowmass Village, Avon, Boulder and Denver. Held August 27-30 and presented by Denver-based VF Corp., the Colorado Classic is North America’s only standalone women’s professional stage race.