Viad Stock Price, News & Analysis

ezCater, a leader in corporate food solutions, announced the appointment of Laura Born and Beverly K. Carmichael to its Board of Directors on March 1, 2023. Both bring significant leadership experience from industries including technology and finance, enhancing the board’s diversity with three women among eight directors. Born has extensive expertise in corporate finance, while Carmichael has a background in human resources and law. Their insights are expected to strengthen ezCater's ability to meet complex customer needs in the evolving food-for-work sector.

Viad Corp (NYSE: VVI) reported substantial financial recovery in 2022, achieving a record revenue of $1,127.3 million, up $620 million from 2021. The fourth-quarter revenue rose to $248 million, a $64.5 million increase year-over-year. Although the net loss attributable to Viad improved significantly in Q4, reaching a loss of $5.7 million (compared to $22.5 million in Q4 2021), overall annual net income was $23.2 million, a turnaround from a loss of $92.7 million in 2021. Consolidated adjusted EBITDA increased to $116.1 million for the year, marking a $114.8 million growth. The company anticipates continued growth in 2023, driven by lifting COVID restrictions and new Pursuit experiences.

Viad Corp (NYSE: VVI), a leading provider of experiential leisure travel and live events, has announced a teleconference scheduled for February 9, 2023, at 5 p.m. Eastern Time. President Steve Moster and CFO Ellen Ingersoll will discuss the fourth quarter and full year 2022 results, along with an outlook for the future. An accompanying press release will be issued on the same day and available on their website. Viad operates through its subsidiaries, Pursuit and GES, offering unique travel experiences and event management services across North America and Europe.

Viad Corp (NYSE: VVI) has completed the sale of ON Services, its US-based audio-visual services business, for approximately $30 million. This move is part of Viad's strategy to simplify its operations at GES and improve its cost structure. The audio-visual services revenue represented about 6% of GES's total revenue for the first nine months of 2022. The proceeds will strengthen Viad's balance sheet and support investments in its Pursuit division, focusing on high-return travel experiences.

Viad Corp (NYSE: VVI) has announced its participation in two significant investor events in December 2022. President and CEO Steve Moster and CFO Ellen Ingersoll will attend a Non-Deal Roadshow in New York on December 7 and the Truist Securities Summit in Boston on December 8. An updated investor presentation will be available on Viad's website on December 7 by 7 a.m. ET. Viad is recognized for providing extraordinary experiences through its businesses, Pursuit and GES, and is part of the S&P SmallCap 600.

Viad Corp (NYSE: VVI) reported a record revenue of $382.7 million for Q3 2022, marking a nearly 64% increase from 2021. Net income increased to $40.1 million, up $25 million year-over-year, driven by strong demand in its Pursuit and GES segments. Pursuit's revenue grew by 39% due to higher visitation, while GES saw an 89% revenue rise from increased live events. Consolidated Adjusted EBITDA reached $82 million, surpassing pre-pandemic levels. With total liquidity at $165.8 million, Viad expects continued growth into Q4.

Viad Corp (NYSE: VVI) will hold a teleconference on November 3, 2022, at 5 p.m. Eastern Time, to discuss its third-quarter financial results. The company will issue a press release with detailed financial metrics that same day, available on its website. Investors are encouraged to register for the call at least 10 minutes in advance. Viad is known for offering unique travel and live event experiences through its divisions, Pursuit and GES, and is part of the S&P SmallCap 600 index.

Viad Corp (NYSE: VVI) has announced that David Barry, president of its Pursuit business, will take a medical leave of absence for surgery, potentially lasting several months. Derek Linde will serve as interim president of Pursuit while continuing his current roles at Viad. CFO Sam Auck will also expand his responsibilities during this period. David will continue to lead Pursuit until his leave begins, ensuring business continuity. CEO Steve Moster expressed confidence in the interim leadership as Pursuit continues to recover post-pandemic and execute its growth strategy.

Viad Corp (NYSE: VVI) reported a net income of $19.8 million for Q2 2022, a significant improvement from a loss of $42.0 million in Q2 2021. Revenue surged to $319.2 million, with GES and Pursuit achieving substantial year-over-year growth. GES revenue reached 75% of pre-pandemic levels, while Pursuit's revenue exceeded Q2 2019 by 40%. The company raised its full-year guidance for Adjusted EBITDA due to strong momentum across its businesses despite some weather-related challenges. Viad maintained liquidity of $127 million and net debt totaled approximately $492 million.