Viad Corp operates as an experiential services company in the United States, Canada, the United Kingdom, continental Europe, the United Arab Emirates, and Iceland. It operates through three segments: GES North America, GES EMEA, and Pursuit. The company offers event accommodation solutions, including researching and selection of local hotels, negotiating and contracting, room block management, group reservation management, rate integrity and monitoring, marketing, on-site, and post-event reporting; and registration and data analytics comprising registration and ticketing, lead management, reporting and analytics, web-based enterprise-wide application, and software-as-a-service model or partial and fully managed options. It also provides event management tools, such as online ordering capabilities, sponsorship management solutions, content management systems, and live event tracking; and audio-visual, including video production, lighting design, digital studio, entertainment and talent coordination, projection mapping, and computer rental and support services. In addition, the company offers a collection of experiences in recreational attractions, unique hotels and lodges, food and beverage, retail, sightseeing, and ground transportation services. It serves event organizers and corporate brand marketers. Viad Corp was founded in 1926 and is headquartered in Phoenix, Arizona.
IPO Year:
Exchange: NYSE
Website: viad.com
| Date | Price Target | Rating | Analyst |
|---|---|---|---|
| 6/28/2023 | $40.00 | Buy | Craig Hallum |
| 6/14/2022 | $42.00 | Outperform | Oppenheimer |
| 3/7/2022 | $59.00 → $51.00 | Buy | B. Riley Securities |
| 2/11/2022 | $42.00 | Buy → Neutral | Sidoti |
LOS ANGELES and LAS VEGAS, Dec. 31, 2024 /PRNewswire/ -- Truelink Capital today announced that it has closed the transaction to acquire GES, a leading provider in the global exhibition and event industry. Financial terms were not disclosed. "We are excited to officially begin our partnership with GES, a leader in the exhibition and event industry, and to build on its strong foundation," said Luke Myers, Co-Founder and Managing Partner of Truelink Capital. "Together with GES' exceptional leadership team, we will continue to invest in its core strengths in creative design, logis
Will Begin Trading Under New NYSE Ticker, PRSU, on January 2, 2025 Transitions Executive Leadership and Announces Changes to Board of Directors Completes Conversion of 5.5% Convertible Series A Preferred Stock Viad Corp (NYSE:VVI) ("Viad") today announced it has completed the sale of its GES business to Truelink Capital for $535 million and will relaunch as Pursuit Attractions and Hospitality, Inc. ("Pursuit"), a standalone attractions and hospitality company with a singular focus on delivering unforgettable experiences in iconic destinations. The total GES purchase price of $535 million comprises $510 million payable at closing, subject to customary adjustments for GES' levels of c
New Name to Follow Transformative GES Transaction, Reflects Company's Singular Focus on Leisure and Hospitality Through Delivering Unforgettable Experiences in Iconic Destinations Corporate Name Change to Take Effect on December 31, 2024; Will Begin Trading Under New NYSE Ticker, PRSU, on January 2, 2025 Viad Corp (NYSE:VVI) ("Viad" or the "Company") today announced that it will change its corporate name to Pursuit Attractions and Hospitality, Inc. ("Pursuit") effective December 31, 2024, and will begin trading under a new NYSE common stock ticker "PRSU" on January 2, 2025. These actions will follow the previously announced sale of Viad's GES business, which is expected to close on De
Michael "Bo" Heitz to Succeed Ellen Ingersoll as next CFO in March 2025 Heitz Brings Extensive Experience in Finance and the Travel and Leisure Sector Viad Corp (NYSE:VVI) ("Viad" or the "Company") today announced that Michael "Bo" Heitz will assume the role of Chief Financial Officer of the Company in March 2025. Heitz joined the Company on December 16, 2024 and is based in Pursuit's Denver office where he will work in close partnership with Pursuit President and future CEO David Barry and the rest of the Company's leadership team to support Pursuit's strategy and growth as a standalone public company following Viad's sale of its GES business. Ellen Ingersoll, Viad's Chief Financial Offi
Viad Corp (NYSE:VVI) ("Viad" or the "Company") today announced that it achieved the Company's right to convert (the "Mandatory Conversion") all of its outstanding shares of Convertible Series A Preferred Stock (the "Preferred Stock"), which carries a dividend of 5.5%, and delivered a notice of Mandatory Conversion to Crestview Partners, the holder of the Preferred Stock. The Company's Mandatory Conversion right was achieved on December 6, 2024, as a result of Viad's common stock exceeding a volume-weighted-average price in excess of $42.50 for 20 out of 30 consecutive trading days. The Company has established December 31, 2024 as the effective date for the Mandatory Conversion, at which
Strong third quarter performance at both Pursuit and GES Pursuit completes tuck-in acquisition in Glacier National Park Sale of GES for $535 million is on track to close on December 31, 2024 Viad Corp (NYSE:VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, today reported results for the 2024 third quarter. Steve Moster, Viad's President and Chief Executive Officer, commented, "We delivered another quarter of strong operational and financial results at both Pursuit and GES. Outside of Jasper, Pursuit's revenue grew approximately 13% during the quarter from the significant demand for our u
Viad Corp (NYSE: VVI) announced today that President and Chief Executive Officer Steve Moster and President – Pursuit and Future Chief Executive Officer David Barry will participate in the following upcoming investor conferences: November 13: Deutsche Bank Gaming, Lodging, Leisure & Restaurants One on One Conference – 1 Hotel South Beach in Miami Beach, Florida December 12: Truist Securities Gaming, Lodging, Leisure & Restaurants Summit – Encore Boston Harbor in Everett, Massachusetts December 13: KeyBanc Capital Markets Consumer Spotlight - Virtual An updated investor presentation will be posted on our website at www.viad.com on Wednesday, November 13th by 8 a.m. Eastern Time. Amo
LOS ANGELES and LAS VEGAS, Oct. 21, 2024 /PRNewswire/ -- Truelink Capital today announced that it has entered into a definitive agreement to acquire GES, a leading provider in the global exhibition and event industry. Financial terms will be disclosed publicly in Viad Corp's press release and on Form 8-K. The transaction is expected to close by the end of the calendar year 2024, subject to customary closing conditions. GES, founded over 90 years ago, has built an exceptional reputation for delivering world-class exhibition, event, and brand activation solutions on a global sca
Upon Close, Viad to Change Corporate Name to Pursuit, Reflecting Singular Focus on Delivering Unforgettable Experiences in Iconic Destinations Company to Host Conference Call Today at 8:30 A.M. Eastern Time Viad Corp (NYSE:VVI) ("Viad" or the "Company"), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services and experiential marketing, today announced it has entered into a definitive agreement to sell its GES business to Truelink Capital for $535 million. The transaction is expected to close by the end of 2024, subject to regulatory approvals and customary closing conditions. The transaction separates GES, a global exhibition servi
Viad Corp (NYSE:VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, announced today that President and Chief Executive Officer Steve Moster and Chief Financial Officer Ellen Ingersoll will host a teleconference with investors and analysts to review third quarter 2024 results. They will be joined by Pursuit President David Barry. Our call will be held on Thursday, November 7, 2024, at 5 p.m. (Eastern Time). We will issue a press release outlining our financial results and outlook on that date and will also post it on our website at www.viad.com prior to the call, along with our earnings presentatio
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Will Begin Trading Under New NYSE Ticker, PRSU, on January 2, 2025 Transitions Executive Leadership and Announces Changes to Board of Directors Completes Conversion of 5.5% Convertible Series A Preferred Stock Viad Corp (NYSE:VVI) ("Viad") today announced it has completed the sale of its GES business to Truelink Capital for $535 million and will relaunch as Pursuit Attractions and Hospitality, Inc. ("Pursuit"), a standalone attractions and hospitality company with a singular focus on delivering unforgettable experiences in iconic destinations. The total GES purchase price of $535 million comprises $510 million payable at closing, subject to customary adjustments for GES' levels of c
Viad Corp (NYSE:VVI) ("Viad" or the "Company") today announced that it achieved the Company's right to convert (the "Mandatory Conversion") all of its outstanding shares of Convertible Series A Preferred Stock (the "Preferred Stock"), which carries a dividend of 5.5%, and delivered a notice of Mandatory Conversion to Crestview Partners, the holder of the Preferred Stock. The Company's Mandatory Conversion right was achieved on December 6, 2024, as a result of Viad's common stock exceeding a volume-weighted-average price in excess of $42.50 for 20 out of 30 consecutive trading days. The Company has established December 31, 2024 as the effective date for the Mandatory Conversion, at which
Strong third quarter performance at both Pursuit and GES Pursuit completes tuck-in acquisition in Glacier National Park Sale of GES for $535 million is on track to close on December 31, 2024 Viad Corp (NYSE:VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, today reported results for the 2024 third quarter. Steve Moster, Viad's President and Chief Executive Officer, commented, "We delivered another quarter of strong operational and financial results at both Pursuit and GES. Outside of Jasper, Pursuit's revenue grew approximately 13% during the quarter from the significant demand for our u
Upon Close, Viad to Change Corporate Name to Pursuit, Reflecting Singular Focus on Delivering Unforgettable Experiences in Iconic Destinations Company to Host Conference Call Today at 8:30 A.M. Eastern Time Viad Corp (NYSE:VVI) ("Viad" or the "Company"), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services and experiential marketing, today announced it has entered into a definitive agreement to sell its GES business to Truelink Capital for $535 million. The transaction is expected to close by the end of 2024, subject to regulatory approvals and customary closing conditions. The transaction separates GES, a global exhibition servi
Viad Corp (NYSE:VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, announced today that President and Chief Executive Officer Steve Moster and Chief Financial Officer Ellen Ingersoll will host a teleconference with investors and analysts to review third quarter 2024 results. They will be joined by Pursuit President David Barry. Our call will be held on Thursday, November 7, 2024, at 5 p.m. (Eastern Time). We will issue a press release outlining our financial results and outlook on that date and will also post it on our website at www.viad.com prior to the call, along with our earnings presentatio
Strong second quarter results exceed prior guidance GES show performance and client spend remain strong; raising full year outlook Pursuit experiencing stronger guest demand; wildfires in Jasper bring uncertainty to full year outlook Viad Corp (NYSE:VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, today reported results for the 2024 second quarter. Steve Moster, Viad's President and Chief Executive Officer, commented, "We delivered very strong second quarter results that exceeded our expectations. Both Pursuit and GES have seen significant demand for our extraordinary experiences an
Viad Corp (NYSE:VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, announced today that President and Chief Executive Officer Steve Moster and Chief Financial Officer Ellen Ingersoll will host a teleconference with investors and analysts to review second quarter 2024 results. They will be joined by Pursuit President David Barry. Our call will be held on Tuesday, August 6, 2024, at 5 p.m. (Eastern Time). We will issue a press release outlining our financial results and outlook on that date and will also post it on our website at www.viad.com prior to the call, along with our earnings presentation.
Pursuit delivered 14% revenue growth and successfully launched new attraction GES drove margin expansion with healthy revenue growth Maintain outlook for strong full year growth as positive trends continue for both businesses Viad Corp (NYSE:VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition management services, and experiential marketing, today reported results for the 2024 first quarter. Steve Moster, Viad's President and Chief Executive Officer, commented, "We delivered solid first quarter results that were in line with our expectations. Pursuit's 14% revenue growth during the seasonally slower quarter was driven by st
Viad Corp (NYSE:VVI), a leading provider of extraordinary experiences, including attractions, hospitality, exhibition management services, and experiential marketing, announced today that President and Chief Executive Officer Steve Moster and Chief Financial Officer Ellen Ingersoll will host a teleconference with investors and analysts to review first quarter 2024 results. They will be joined by Pursuit President David Barry. Our call will be held on Thursday, May 2, 2024, at 5 p.m. (Eastern Time). We will issue a press release outlining our financial results and outlook on that date and will also post it on our website at www.viad.com prior to the call, along with our earnings presentation
Pursuit delivered record results with 17% full year revenue growth and continued margin expansion GES substantially outperformed expectations with 7% full year revenue growth and healthy margins Strong growth and margin improvement expected again in 2024 Viad Corp (NYSE:VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition management services, and experiential marketing, today reported results for the 2023 fourth quarter and full year. Steve Moster, Viad's President and Chief Executive Officer, commented, "We delivered strong fourth quarter and full year results, with consolidated revenue and adjusted EBITDA exceeding the hi
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Michael "Bo" Heitz to Succeed Ellen Ingersoll as next CFO in March 2025 Heitz Brings Extensive Experience in Finance and the Travel and Leisure Sector Viad Corp (NYSE:VVI) ("Viad" or the "Company") today announced that Michael "Bo" Heitz will assume the role of Chief Financial Officer of the Company in March 2025. Heitz joined the Company on December 16, 2024 and is based in Pursuit's Denver office where he will work in close partnership with Pursuit President and future CEO David Barry and the rest of the Company's leadership team to support Pursuit's strategy and growth as a standalone public company following Viad's sale of its GES business. Ellen Ingersoll, Viad's Chief Financial Offi
Viad Corp (NYSE:VVI) today announced the appointment of Beverly K. Carmichael as an independent director of its Board of Directors, effective February 21, 2022. She has also been appointed to serve as a member of the Board's Human Resources Committee. Ms. Carmichael has more than 30 years of experience in Board and C-suite roles across a diverse portfolio of organizations that includes restaurant, retail, airlines, entertainment, and technology/e-commerce. She is a champion of people and culture, including service as the top HR executive at iconic brands including Red Robin, Cracker Barrel Old Country Store, Ticketmaster, and Southwest Airlines. Ms. Carmichael's experience also includes s
Craig Hallum initiated coverage of Viad Corp with a rating of Buy and set a new price target of $40.00
Oppenheimer initiated coverage of Viad Corp with a rating of Outperform and set a new price target of $42.00
B. Riley Securities reiterated coverage of Viad with a rating of Buy and set a new price target of $51.00 from $59.00 previously
Sidoti downgraded Viad Corp from Buy to Neutral and set a new price target of $42.00
B. Riley Securities initiated coverage of Viad with a rating of Buy and set a new price target of $56.00