Peak Resorts, Inc. reported unaudited consolidated earnings results for the third quarter and nine months ended January 31, 2018. For the quarter, the company reported revenues of $59,272,000 against $56,385,000 a year ago. Profit from operations was $16,031,000 against $16,715,000 a year ago. Income before income tax benefit was $12,614,000 against $13,511,000 a year ago. Net income was $9,181,000 against $8,165,000 a year ago. Net income attributable to common shareholders was $8,781,000 against $8,165,000 a year ago. Diluted earnings per share was $0.53 against $0.47 a year ago. EBITDA was $20,996,000 against $19,924,000 a year ago. capital expenditures was $8.1 million. Revenue growth was driven by a 28.2% increase in equipment rental revenue, a 3.4% rise in food and beverage revenue, and 3% growth in lift ticket and tubing revenues.

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%.