Peak Resorts, Inc. reported unaudited consolidated earnings results for the fourth quarter and full year ended April 30, 2018. For the quarter, the company reported net revenue of $56,032,000 compared to $51,263,000 a year ago. Income from operations was $17,413,000 compared to $17,607,000 a year ago. Income before income taxes was $13,953,000 compared to $14,767,000 a year ago. Net income attributable to common shareholders was $9,280,000 or $0.56 per diluted common share compared to $8,162,000 or $0.52 per diluted common share a year ago. Reported EBITDA was $21,515,000 compared to $20,678,000 a year ago. The company invested $4.3 million in capital improvements in the fiscal 2018 fourth quarter. Net income was $9,680,000 compared to $8,962,000 a year ago.

For the year, the company reported net revenue of $131,662,000 compared to $123,249,000 a year ago. Income from operations was $10,219,000 compared to $14,069,000 a year ago. Loss before income taxes was $2,610,000 compared to income of $1,990,000 a year ago. Net loss attributable to common shareholders was $248,000 or $0.02 per basic and diluted common share compared to income of $441,000 or $0.03 per basic and diluted common share a year ago. Reported EBITDA was $25,585,000 against $26,782,000 a year ago. The company invested $31.0 million in capital improvements for the full year. Net income was $1,352,000 compared to $1,241,000 a year ago.

For the fiscal 2019, The company expects capital expenditure of capex with significantly lower -- the company have a planned budgeted around $6.5 million of maintenance CapEx for fiscal 2019 that feel pretty comfortable with. When it look at the growth CapEx, obviously, the company have the Hunter project going on. So somewhere in the $9 million range.

For the quarter, the company reported impairment loss of $549,000.