Revenue during the quarter grew 16.56 percent to $121.16 million from $103.95 million in the previous year period. Operating margin for the quarter stood at negative 11.93 percent as compared to a negative 24.99 percent for the previous year period.

Operating loss for the quarter was $14.46 million, compared with an operating loss of $25.98 million in the previous year period.

However, the adjusted EBITDA for the quarter stood at $7.09 million compared to negative $6.93 million in the prior year second quarter. At the same time, adjusted EBITDA margin stood at 5.85 percent for the quarter compared to negative 6.66 percent in the last year period.

"We are very pleased with our fiscal 2017 second quarter results, which represent not only significant growth over the prior year period, which was impacted by below average conditions in the East, but also a new Company record Adjusted EBITDA for the second quarter since fiscal 2011, the first year for which we provided results publicly. Our previous best was in fiscal 2014, and this quarter's Adjusted EBITDA exceeded that period by more than $6.7 million,” stated Tom Marano, Chief Executive Officer. “We are now in peak ski season and remain encouraged by conditions at our resorts, our performance to date, and the continued strength of our season pass and frequency product sales and CMH reservations. Based on these factors, I am confident we are well positioned for the remainder of the ski season."

Intrawest Resorts Holdings, Inc projects revenue to be in the range of $555 million to $585 million for financial year 2017. For fiscal year 2017, Intrawest Resorts Holdings expects net income to be in the range of $20 million to $30 million.