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 |
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
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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
Following Parks Canada's announcement today to reopen the Icefield Parkway, the Columbia Icefield will re-open to visitors on Friday, August 9. Precautionary road restrictions due to Jasper wildfires will be lifted along the Icefield Parkway (Highway 93), stretching from Saskatchewan River Crossing to the Athabasca Glacier area of the Columbia Icefield. This reopening will allow access to the Columbia Icefield via the southern end of this iconic roadway that connects Jasper and Banff national parks, as well as neighboring HI Rampart Creek Wilderness Hostel and The Crossing Resort. The Columbia Icefield provides visitors from around the world with the experience to stand on ancient ice w
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.
Viad Corp (NYSE:VVI), a leading global provider of extraordinary experiences, including attractions, hospitality, exhibition services, and experiential marketing, today announced that it has entered into an agreement to acquire the Jasper SkyTram attraction in Jasper National Park. Subject to approvals by Parks Canada, we expect the transaction to close in July. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20240626826684/en/Jasper SkyTram in Jasper National Park (Photo credit: Jasper SkyTram) Celebrating 60 years of operation, the Jasper SkyTram is one of the most recognizable attractions within Jasper National Park, one of Cana
GES Announces Promotion of Derek P Linde to GES President LAS VEGAS, June 3, 2024 /PRNewswire/ -- Global Experience Specialists (GES), a global experiential marketing and logistics partner for the exhibition and live events industry, has announced the promotion of Derek P. Linde to GES President, in addition to his existing role as Viad's Chief Operating Officer, effective June 3, 2024. Steve Moster, president and chief executive officer of Viad, said, "Derek is a trusted thought leader who has demonstrated his ability to advance our strategic goals through a collaborative app
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
Viad Corp (NYSE:VVI), a leading provider of experiential leisure travel and live events and marketing experiences, 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 fourth quarter and full year 2023 results. They will be joined by Pursuit President David Barry. Our call will be held on Thursday, February 8, 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. Conference Call Details Th
Third quarter performance was strong and in line with guidance as demand for international leisure travel and live events grew Pursuit delivered record results with significant margin expansion GES continues to see healthy same-show Exhibition growth and new client wins at Spiro Viad Corp (NYSE:VVI), a leading provider of experiential leisure travel and live events and marketing experiences, today reported results for the 2023 third quarter. Financial Highlights Three months ended September 30, (in millions) 2023 2022 Change Revenue $ 365.9 $ 382.7 $ (16.8 )
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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
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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.
-SEC Filing
B. Riley Securities analyst Bryan Maher reiterates Viad (NYSE:VVI) with a Buy and raises the price target from $46 to $50.
Viad (NYSE:VVI) reported quarterly losses of $(0.79) per share which missed the analyst consensus estimate of $(0.76) by 3.95 percent. The company reported quarterly sales of $291.68 million which beat the analyst consensus estimate of $277.12 million by 5.26 percent. This is a 17.60 percent increase over sales of $248.03 million the same period last year.
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Oppenheimer analyst Tyler Batory maintains Viad (NYSE:VVI) with a Outperform and raises the price target from $36 to $43.