Emerald Holding Inc Stock Price, News & Analysis

Emerald Holding, Inc. (NYSE:EEX) has announced that Hervé Sedky, President and CEO, along with CFO David Doft, will participate virtually in two upcoming conferences. These include the Goldman Sachs 14th European Small & Mid Cap Symposium on May 5, 2021, and the Credit Suisse 3rd Annual eXtreme Services Conference on May 6, 2021. Management will also be available for one-on-one meetings with investors. Emerald focuses on creating dynamic, market-driven B2B platforms that combine live events with digital tools and insights, hosting over 140 events annually.

Emerald Holding, Inc. (NYSE:EEX) will release its Q1 2021 financial results on April 30, 2021, before market open. A conference call to discuss the results is scheduled for 8:30 am ET, with access available via phone or webcast. Domestic participants can call 1-877-407-9039, while international callers should dial 1-201-689-8470. A replay will be accessible two hours post-call, available until May 7, 2021. Emerald focuses on integrating live events with industry insights and digital tools, running over 140 events annually.

Emerald Holding, Inc. (NYSE:EEX) reported a net loss of $633.6 million for 2020, a significant increase from the $50.0 million loss in 2019, largely due to event cancellations amid the COVID-19 pandemic. Total revenues fell by 64.7% to $127.4 million. However, the company received $107 million in insurance claim payments and expects further claims for canceled events. Adjusted EBITDA dropped to $71.9 million from $127.8 million in 2019. Emerald completed its acquisition of PlumRiver, a strategic move aimed at enhancing its digital offerings.

Emerald Holding, Inc. (NYSE:EEX) will announce its fourth quarter and full year 2020 financial results on February 18, 2021, before market open. A conference call will follow at 11:00 am ET to discuss these results. Investors can participate by calling 1-877-407-9039 (domestic) or 1-201-689-8470 (international). A replay will be available until February 25, 2021, using the passcode 13716204. Interested parties can also access a webcast of the call on Emerald's Investors website.

Emerald Holding, Inc. (NYSE:EEX) has completed the acquisition of PlumRiver LLC, enhancing its digital commerce capabilities through PlumRiver's Elastic Suite solution. This acquisition aims to streamline the wholesale buying process, providing year-round engagement for customers with robust transactional features and integration with ERP systems. PlumRiver's technology is expected to bolster Emerald’s live events by adding a subscription-based revenue stream and improving customer engagement with brands like Patagonia and The North Face.

Emerald Holding, Inc. (NYSE:EEX) announced the appointment of Hervé Sedky as President and CEO, effective January 5, 2021. Sedky has over 30 years of experience, including leadership roles at Reed Exhibitions and American Express Business Travel. Chairman Kosty Gilis expressed confidence in Sedky's strategic vision for Emerald’s growth amidst the evolving events landscape post-pandemic. Interim CEO Brian Field will continue as COO, with appreciation for his leadership during challenging times. Emerald operates over 140 live events annually, focusing on creating impactful business-to-business platforms.

Emerald Holding (NYSE:EEX) reported a challenging third quarter for 2020, with revenues plummeting to $8.5 million, down 88.8% from $75.6 million in 2019, largely due to COVID-19 event cancellations. The company submitted $146.2 million in insurance claims, receiving $64.3 million to date. Despite a net loss of $15.3 million, an improvement from a $19.7 million loss in Q3 2019, Emerald ended the quarter with $326.7 million in cash. The firm continues to adapt by launching digital products and streamlining operations to enhance profitability.

Emerald Holding, Inc. (NYSE:EEX) is set to announce its third-quarter financial results on November 2, 2020, after market close. A conference call will follow at 5:00 PM ET the same day, accessible via domestic and international dialing. Investors can also attend a webcast on Emerald's website, with a replay available post-call. The company is recognized for its business-to-business platforms and hosts over 140 events annually, focusing on dynamic market-driven solutions.

Emerald Holding, Inc. (NYSE: EEX) has announced a stock repurchase program, allowing for the buyback of up to $20 million in common stock. Interim President and CEO Brian Field stated that this move serves the best interests of shareholders based on current market conditions. The repurchases will occur at prevailing market prices and are expected to extend through the end of 2021, subject to Board adjustments. This signifies the company's effort to enhance shareholder value amid a challenging economic landscape.