SEC Form 10-Q filed by Viad Corp

2024 OutlookOur guidance for Viad consolidated, Pursuit, and GES is as follows:(in millions)Second QuarterFull YearViad Consolidated  Revenue$352 to $377Up high-single to low-double digitsAdjusted EBITDA$51 to $59$171 to $191Cash flow from Operations$35 to $45$120 to $140Capital Expenditures$20 to $25(including growth capex of ~$5)$65 to $70(including growth capex of ~$20)Pursuit  Revenue$92 to $97Up mid-single digitsAdjusted EBITDA$20 to $24$105 to $115GES  Revenue$260 to $280Up low-double digitsAdjusted EBITDA$34.5 to $38.5$80 to $90

Viad (NYSE:VVI) reported quarterly losses of $(1.13) per share which missed the analyst consensus estimate of $(1.07) by 5.61 percent. This is a 1.74 percent increase over losses of $(1.15) per share from the same period last year. The company reported quarterly sales of $273.497 million which beat the analyst consensus estimate of $269.516 million by 1.48 percent. This is a 4.87 percent increase over sales of $260.791 million the same period last year.

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

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