Emerald Holding Inc Stock Price, News & Analysis

Emerald Holding (NYSE: EEX) reported Q3 2024 financial results with revenues of $72.6 million, a slight 0.1% increase from Q3 2023. The company posted a net loss of $11.1 million compared to net income of $10.7 million in Q3 2023. Adjusted EBITDA reached $12.5 million, up from $10.8 million year-over-year. The company has discontinued 20 smaller, unprofitable events totaling $20 million of run-rate revenue as part of portfolio optimization. Updated FY 2024 guidance expects at least $400 million revenue and $100 million Adjusted EBITDA. The board declared a quarterly dividend of $0.015 per share and expanded its share repurchase program to $25 million through December 2025.

Emerald Holding (NYSE: EEX) has announced it will release its third quarter 2024 financial results before market open on Wednesday, October 30, 2024. The company will host a conference call at 8:30am ET the same day to discuss the results. Investors can access the call via phone using the provided domestic and international dial-in numbers, or through a webcast available on Emerald's investor website. A replay will be available until November 6, 2024.

Emerald Holding, Inc. (NYSE: EEX), America's largest producer of trade shows and associated conferences, content, and commerce, has announced that CEO Hervé Sedky will participate in a fireside chat at Advertising Week New York 2024. The event is scheduled for October 7-10, 2024, at The Penn District in New York, NY.

The fireside chat, hosted by Rosenblatt Securities analyst Barton Crockett, will take place on Wednesday, October 9, 2024, at 12:00pm ET as part of the event's Investor Summit track. A replay of the chat will be available on Emerald's Investor Relations website after the event concludes. Those interested in attending Advertising Week NY in person can register through the event's official website.

Emerald Holding (NYSE: EEX), America's largest trade show producer, has announced its participation in Deutsche Bank's 32nd Annual Leveraged Finance Conference. The event is scheduled for September 23-25, 2024 in Scottsdale, Arizona. Emerald will present on September 24, 2024, at 4:15 PM PT / 7:15 PM ET.

As a key player in the trade show industry, Emerald's participation in this conference highlights its significance in the leveraged finance sector. Investors and interested parties can access a webcast of Emerald's presentation through the company's Investor Relations website, providing an opportunity to gain insights into Emerald's financial strategies and market position.

Emerald Holding (NYSE: EEX) reported its Q2 2024 financial results, with revenues at $86.0 million, showing a slight decrease of 0.6% compared to Q2 2023. However, organic revenues increased by 3.3%, reaching $82.1 million. The company experienced a net loss of $2.8 million, a significant improvement from the $8.1 million net loss in Q2 2023. Adjusted EBITDA was $15.3 million, up from $14.6 million in the same period last year. Emerald ended the quarter with $193.2 million in cash and a fully available $110.0 million revolving credit facility.

The board approved a quarterly dividend of $0.015 per share. For the full year, Emerald maintains its revenue guidance of $415-$425 million and Adjusted EBITDA of $110-$115 million.

CEO Hervé Sedky highlighted strong momentum and customer value in live events. CFO David Doft noted sustained positive trends and forward visibility into trade show bookings.

Emerald Holding (NYSE: EEX) has announced the date for its second quarter 2024 financial results conference call. The company will release its financial results before the market opens on Wednesday, August 7, 2024. A conference call to discuss the results will be held at 8:30 am ET on the same day.

Investors can access the call by dialing 1-800-717-1738 (domestic) or 1-646-307-1865 (international). A telephonic replay will be available from 11:30 am ET until August 14, 2024, using the passcode 1178913. Additionally, a live webcast of the conference call can be accessed through the Investors section of Emerald's website, with an online replay available immediately following the call.

Emerald Holding (NYSE: EEX) will participate in the Maxim Group TMT Conference titled “Charting the Course: Navigating the Intersection of TMT and Business in the AI Era.”

The event will feature a virtual fireside chat hosted by a Maxim Group analyst on June 4, 2024, at 9:30 a.m. Eastern Time.

The conference is accessible exclusively to Maxim Group clients, who can watch the live webcast at www.m-vest.com.

Emerald Holding, America’s largest producer of trade shows and conferences, will participate in Goldman Sachs’ Ninth Annual Leveraged Finance and Credit Conference on May 14-15, 2024. The Company will engage in one-on-one investor meetings during the event.

Emerald Holding, Inc. (NYSE: EEX) reported a 9.1% revenue growth in Q1 2024, reaching $133.4 million, with net income at $11.0 million. The company expects revenue of $415-425 million and Adjusted EBITDA of $110-115 million for FY 2024. Organic revenue increased by 11.7% to $128.6 million, driven by events and acquisitions. The company ended the quarter with $186.8 million in cash and full credit facility availability.