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Pursuit Attractions and Hospitality, Inc. reports company news on an attractions and hospitality business that owns and operates point-of-interest attractions, distinctive lodges, restaurants, retail and transportation in the United States, Canada, Iceland and Costa Rica. Recurring updates cover quarterly and annual results, business conditions at destination assets, and growth activity under its Refresh, Build, Buy strategy.
Company announcements also address capital structure and liquidity, including credit-facility amendments, leverage disclosures and material agreements. Pursuit's continuing-operations disclosures reflect the completed sale of its GES business.
Pursuit Attractions and Hospitality (NYSE: PRSU) reported record second quarter 2026 revenue of $133.5 million, up 14.3% year-over-year, driven by contributions from the July 2025 Tabacón acquisition and growth across existing geographies. Net income attributable to Pursuit rose to $15.2 million from $5.6 million, while adjusted net income reached $14.0 million ($0.50 per share). Adjusted EBITDA was $32.7 million, an increase of $3.0 million.
At June 30, 2026, Pursuit reported total liquidity of $160.9 million and total debt of $250.7 million, implying a net leverage ratio of 1.5x, below its 2.0x–3.5x target range. Pro forma for the sale of Flyover and the acquisition of Eagle Wing Tours, net leverage was about 1x and liquidity about $220 million. Pursuit bought back $7.5 million of stock in the quarter, $43 million cumulatively, with $57 million remaining under its $100 million authorization.
On July 14, 2026, Pursuit acquired Eagle Wing Tours in Victoria, British Columbia for C$23.9 million (including about C$1.5 million of cash), at an effective adjusted EBITDA multiple of ~6.5x. On July 31, 2026, it sold its non-core Flyover Attractions business to Brogent Technologies for $75 million, an implied multiple of ~14.5x Flyover’s 2025 adjusted EBITDA contribution, with proceeds intended for revolver debt reduction and reinvestment in organic growth and acquisitions.
Pursuit raised full-year 2026 adjusted EBITDA guidance by $5 million to $128–$138 million, reflecting expected incremental contributions of about $6 million from Flyover prior to sale, $1–$2 million from Eagle Wing, and a roughly negative $2 million impact from updated foreign exchange assumptions. At the midpoint, this represents approximately 14% growth over 2025. Full-year revenue is now guided to about $485 million at the midpoint (about $460 million excluding Flyover), versus $452.4 million in 2025 ($413.8 million excluding Flyover). For 2026, Pursuit plans $103–$114 million of capital expenditures, including $70–$80 million in growth capex aligned with its Vision 2030 strategy to deploy over $300 million in high-return organic projects.
Pursuit (NYSE: PRSU) announced its first major organic growth investment at Tabacón Thermal Resort & Spa in Costa Rica, acquired in July 2025. The company will develop three premium, two-bedroom rainforest villas within Tabacón’s existing 570-acre property, each 2,250 square feet with a private plunge pool and large outdoor terrace.
Opening is anticipated in Summer 2027. According to Pursuit, the project supports its Vision 2030 strategy by expanding premium accommodation capacity, aligning with rising demand for immersive, high-end, nature-based experiences, and is designed by Taller KEN to minimize environmental impact and respect the rainforest setting.
Pursuit Attractions and Hospitality (NYSE: PRSU) has completed the sale of its Flyover flying theater attraction business to Brogent Technologies for $75 million, subject to customary purchase price adjustments. The deal values Flyover at roughly 14.5x its 2025 Adjusted EBITDA contribution.
The purchase price was reduced from $78.4 million following the resolution of closing conditions, with Pursuit stating that Flyover’s earnings from April to July more than offset this reduction. Management says the divestiture aligns the portfolio with its strategy to grow core sightseeing attractions and hospitality in iconic destinations and supports its Vision 2030 targets, while increasing capacity to reinvest in organic projects, strategic acquisitions, and potential share repurchases.
Truelink Capital has completed the acquisition of GES from Viad Corp (VVI), establishing GES as an independent company. GES, a 90-year-old global leader in exhibition and event solutions, will continue under the leadership of Derek Linde as President & CEO. The company employs over 2,600 team members across North America, Europe, and Asia, providing comprehensive services in strategy, creative design, logistics, and event production.
The company serves various industries including healthcare, aerospace & defense, automotive, technology, and retail, offering support for both live and virtual events. This marks Truelink Capital's sixth acquisition, though financial terms were not disclosed.
Viad Corp (NYSE: VVI) has completed the sale of its GES business to Truelink Capital for $535 million and will relaunch as Pursuit Attractions and Hospitality, Inc. The company will begin trading under the new NYSE ticker PRSU on January 2, 2025. The transaction proceeds were used to retire Viad's 2021 Credit Facility and provide excess cash for Pursuit's growth strategy.
The company completed the mandatory conversion of its 5.5% Convertible Series A Preferred Stock into approximately 6.7 million common shares, bringing the total outstanding shares to 28 million. David Barry, previously President of Viad's Pursuit business, has assumed the role of President and CEO, while the Board of Directors has been reduced to seven members.
Pursuit operates 14 attractions and 28 lodges across the United States, Canada, and Iceland, focusing on delivering experiences in iconic destinations.
Viad Corp (NYSE: VVI) will change its corporate name to Pursuit Attractions and Hospitality, effective December 31, 2024. The company will begin trading under a new NYSE ticker, PRSU, starting January 2, 2025. This follows the previously announced sale of Viad’s GES business, expected to close on December 31, 2024. Post-transaction, Pursuit will operate as a standalone, publicly traded company focused on the leisure and hospitality sector, delivering experiences in iconic destinations. The company aims to leverage its financial flexibility and balance sheet capacity to accelerate its growth strategy, dubbed Refresh, Build, Buy. The ticker symbol change requires no action from shareholders.
Viad Corp (NYSE: VVI) announced Michael 'Bo' Heitz will become Chief Financial Officer in March 2025, succeeding Ellen Ingersoll who has served as CFO since 2002. Heitz joined the company on December 16, 2024, and will be based in Pursuit's Denver office. This transition aligns with Viad's transformation as Pursuit prepares to become a standalone public company following the sale of its GES business, expected to close on December 31, 2024.
Heitz brings a decade of experience from Vail Resorts, where he most recently served as Vice President of Corporate and Mountain Finance. Upon completion of the GES sale, Viad will rebrand as Pursuit and change its NYSE ticker to PRSU, positioning itself as an independent, high-growth company focused on attractions and hospitality.
Viad Corp (NYSE: VVI) announced the mandatory conversion of its 5.5% Convertible Series A Preferred Stock after achieving the required stock price threshold of $42.50 for 20 out of 30 consecutive trading days. On December 31, 2024, all 135,000 preferred shares will convert to approximately 6.7 million common shares, eliminating annual dividend payments of $8 million.
The company currently has about 21.3 million common shares outstanding. This conversion simplifies Viad's capital structure as it prepares for the previously announced sale of its GES business. Following this transaction, the company will rebrand as Pursuit, change its ticker to PRSU, and operate as a standalone public company focused on attractions and hospitality.
Viad Corp (NYSE: VVI) reported strong Q3 2024 results with revenue of $455.7 million, up 24.5% year-over-year. Pursuit revenue decreased 2.5% to $182.3 million due to Jasper wildfire impacts, while GES revenue increased 52.8% to $273.4 million. Net income rose 17.8% to $48.6 million. The company completed a tuck-in acquisition in Glacier National Park and is on track to sell GES for $535 million by December 31, 2024. Full-year guidance was revised with GES expected to achieve Adjusted EBITDA of $90-95 million and Pursuit's Adjusted EBITDA projected at $87-92 million.
Viad Corp (NYSE: VVI) has announced its leadership's participation in three upcoming investor conferences. President and CEO Steve Moster and President of Pursuit and Future CEO David Barry will attend the Deutsche Bank Gaming, Lodging, Leisure & Restaurants Conference on November 13, the Truist Securities Summit on December 12, and the KeyBanc Capital Markets Consumer Spotlight on December 13.
The company will post an updated investor presentation discussing its transformation into a standalone Pursuit business through the sale of its GES division, expected to complete by end-2024. Post-transformation, Viad plans to rebrand as Pursuit and change its ticker to PRSU, focusing on growth in attractions and hospitality.