Emerald Holding Inc Stock Price, News & Analysis

Emerald Holding, Inc. (NYSE:EEX) has acquired Lodestone Events, known for the Overland Expo series, enhancing Emerald's consumer lifestyle event portfolio. This strategic move aims to strengthen Emerald's position in high-growth markets and expand its business-to-consumer (B2C) offerings. All Lodestone employees will integrate into Emerald, with founders joining the management team. The acquisition supports Emerald's goal of increasing top-line growth and shareholder value, with the first major event, Outdoor Adventure X, scheduled for June 17-18, 2023, in Huntsville, Utah.

Emerald Holding, Inc. (NYSE: EEX) will participate in the Bank of America Leveraged Finance Conference in Boca Raton, FL on November 29-30, 2022. CEO Herve Sedky and CFO David Doft will present on November 30 at 11:30 am ET. One-on-one investor meetings will occur on November 29. The event will be accessible via a live webcast on Emerald’s investor website, with an online replay available post-presentation.

Emerald Holding, Inc. (EEX) reported Q3 2022 revenues of $62.4 million, an 18.4% decline from $76.5 million in Q3 2021. Organic revenues rose 33.5% to $56.6 million. The company achieved a net income of $93.0 million, rebounding from a $9.0 million loss last year, aided by insurance settlements of $149.3 million. Adjusted EBITDA reached $149.7 million, significantly higher than $8.6 million in Q3 2021. Emerald's cash flow from operations was robust at $153.5 million. The company also announced an expansion of its share repurchase program, allowing for $20.0 million in buybacks until December 2023.

Emerald Holding, Inc. (NYSE: EEX) announced it will release its financial results for the third quarter of 2022 on November 3, 2022, before the market opens. A conference call will follow at 8:30 am ET to discuss the results. Investors can access the call by dialing 1-888-999-5318 domestically or 1-848-280-6460 internationally. The replay of the call will be available starting at 11:30 am ET on the same day. For more details, visit Emerald's Investor Relations.

Emerald Holding, Inc. (NYSE: EEX) is launching reMind, a new media and events platform dedicated to the psychedelics industry. The inaugural event, the Psychedelics Business Forum, will take place on November 15, 2022, at the Westgate Las Vegas Resort & Casino. The Forum aims to address key topics like drug research and investment opportunities. With 53 million Americans suffering from mental illnesses, reMind seeks to connect experts and provide resources in the growing psychedelics market. Industry leaders and an advisory board will support its mission to enhance access to psychedelic treatments.

Emerald Holding, Inc. (NYSE: EEX) reported strong growth following its ASD Market Week event in August 2022 in Las Vegas. Exhibiting companies increased by 19%, while overall revenue rose by 22% compared to the previous year. Nearly 30,000 attendees engaged with over 1,800 manufacturers, marking a successful return to in-person B2B commerce post-pandemic. Leadership updates aim to enhance growth strategies, with Camille Candella promoted to Group VP of Merchandise and Emilie Lewis joining as VP of Marketing. Plans for the Winter Show scheduled from February 26 to March 1, 2023, are already in progress.

Emerald Holding’s, Inc (EEX) announced the launch of Decentralization Deciphered (D2), a new brand aimed at supporting corporate leaders in navigating Web 3.0 technologies, including blockchain and NFTs.

The inaugural D2 Summit will take place on October 18-19, 2022, in New York City, featuring top experts from major companies such as Microsoft and Salesforce.

A recent survey showed digital transformation as the top priority for executives, surpassing market stability and competition concerns.

Emerald Holding, Inc. (NYSE: EEX) has successfully received $149.25 million from an insurance litigation settlement related to canceled events. This amount is part of a total of $372.9 million received under 2020 and 2021 event cancellation insurance policies. The $149.25 million will be recognized as Other Income for Q3 2022. The CEO, Hervé Sedky, expressed satisfaction with these funds, which will enhance the company’s liquidity and support future business development.

Emerald Holding (NYSE: EEX) announces the MJBizCon, the world’s largest cannabis business conference, taking place from November 16-18, 2022 in Las Vegas. This year marks its 11th edition, expecting over 35,000 industry professionals to participate. The event boasts over 1,400 exhibitors and 70 hours of educational content, featuring notable discussions on growth projections and regulatory reforms. CEO Chris Walsh will present insights on the cannabis industry's future, highlighting opportunities from recent federal changes.