Viad Stock Price, News & Analysis

Viad Corp (NYSE: VVI) announced a strategic acquisition of a 60% interest in the Golden Skybridge, a new attraction in Canada, costing approximately $12 million. This addition enhances Pursuit’s portfolio aimed at boosting growth in the post-pandemic landscape. The company also filed a 'universal shelf' registration statement with the SEC, facilitating timely capital raises for future opportunities. Viad's liquidity remained strong at approximately $227 million post-acquisition. CEO Steve Moster highlighted the acquisition's potential to bolster shareholder value as the travel sector recovers.

Viad Corp (NYSE: VVI) reported a significant decline in financial performance for Q4 2020, with revenue dropping to $27.9 million from $300.7 million in Q4 2019, largely due to the impact of COVID-19. For the full year, revenue fell 68% to $415.4 million, resulting in a net loss of $374.1 million. Despite challenges, the company highlighted strong liquidity of approximately $260 million and ongoing initiatives to improve cost management and accelerate recovery. Key projects include the upcoming openings of the Sky Lagoon in Iceland and FlyOver Las Vegas.

GES has launched an interactive Global Event Tracker to monitor key trade show cities and attendance over the past 90 days. This tool provides up-to-date event information with color-coded indicators to illustrate attendee participation. Despite challenges from the pandemic, the events industry contributed over $100 billion to the U.S. GDP last year. The tracker aims to help organizations understand event viability and enhance future planning as in-person gatherings return. For more details, visit the GES website.

GES has launched a Flex Talent Pool program aimed at providing temporary work for experienced exhibition professionals as the industry recovers post-COVID-19. This initiative seeks to create flexible employment opportunities for those affected by the pandemic, particularly in the United States. GES will collaborate with a third-party staffing agency to recruit and manage the talent pool, emphasizing the importance of skilled workers in revitalizing the exhibition sector. This program is a proactive response to the anticipated return of trade shows in 2021.

Viad Corp (NYSE: VVI) announced a teleconference on February 11, 2021, at 5 p.m. ET to discuss its fourth quarter and full year 2020 results. The call will feature President and CEO Steve Moster, CFO Ellen Ingersoll, and Pursuit President David Barry. Interested investors can register 10 minutes before the call, with a replay available afterwards. Viad operates two main business segments: Pursuit, which offers leisure travel experiences, and GES, a service provider for live events. Financial results will be disclosed in a press release on the same day.

Viad Corp (NYSE: VVI) will host a teleconference on October 29, 2020, at 5 p.m. Eastern Time to discuss its third-quarter 2020 results. CEO Steve Moster and CFO Ellen Ingersoll will present the findings, alongside Pursuit President David Barry. A press release detailing financial outcomes will be issued on the same day and made available on the company's website. Participants are encouraged to register at least 10 minutes before the call. A live audio webcast will also be accessible for listening.

GES Events has appointed Jennifer Beindorf as Vice President of North American New Business Development and Global Strategy. With over 25 years of experience in business development and event marketing, Jennifer will lead the sales and strategy team to enhance client relationships and expand their client base. Previously serving as VP Client Experience at GES, her expertise will help improve event experiences. Dan Hilbert, EVP of GES Events, expressed confidence in her leadership skills and industry knowledge to achieve actionable business results.

GES conducted a survey with over 1,300 attendees regarding their comfort levels in returning to live events amid COVID-19. The survey found that 88% of respondents are open to attending shows, but 65% require some form of safety measures. Participants were classified into five segments based on their COVID-19 risk perceptions: Nope! (12%), Convince Me (24%), Open Hall (24%), We Can Do This (17%), and What Virus? (23%). Insight from this study can assist event planners in designing safer experiences that cater to attendee needs.