Intrawest Resorts Holdings, Inc. reported that preliminary data indicate season pass and frequency product sales from its six North American mountain resorts grew 17.0 percent for the 2014/15 winter season through April 9, 2015, relative to the same time last year.
The company released the estimate Monday, April 20, along with preliminary financial results for the three months ended March 31, in conjuction with the re-pricing of a term loan.
The company estimates net income attributable to Intrawest Resorts Holdings, Inc. will be between $126.0 million and $129.0 million.
- Adjusted EBITDA is estimated to be between $154.0 million and $157.0 million.
- Total reportable segment revenue is estimated to be between $317.0 million and $323.0 million.
- Season pass and frequency product sales have grown 17.0% through April 9, 2015, relative to the same time last year.
- The company reiterates Fiscal 2015 Guidance.
The company expects to release financial and operating results for the three and nine months ended March 31, 2015 no later than May 15, 2015.
Intrawest wholly owns six four-season mountain resorts with approximately 8,000 skiable acres and over 1,130 acres of land available for real estate development. Intrawest’s mountain resorts are geographically diversified across most of North America’s major ski regions, including the Eastern United States, the Rocky Mountains, the Pacific Southwest and Canada. The company also operates an adventure travel business, the cornerstone of which is Canadian Mountain Holidays, the leading heli-skiing adventure company in North America.
