Emerald Reports First Quarter 2022 Financial Results
Emerald Holding, Inc. reported Q1 2022 revenues of $98.5 million, soaring 663.6% from $12.9 million in Q1 2021. The net income reached $22.6 million, reversing a $15.3 million loss a year earlier. Adjusted EBITDA stood at $54.4 million, up from a negative $2.5 million. Emerald successfully hosted 31 events, attracting over 141,000 attendees. The company maintains strong cash reserves of $254.4 million and aims for $300 million in revenue for 2022, driven by increased event activity and anticipated insurance recoveries.
- Revenue increase of $85.6 million or 663.6% year-over-year.
- Net income of $22.6 million compared to a loss of $15.3 million in Q1 2021.
- Adjusted EBITDA improved to $54.4 million from ($2.5 million).
- Cash reserves of $254.4 million, providing liquidity for growth.
- Successful execution of 31 trade shows in Q1 2022.
- Goodwill impairment resulted in a non-cash charge of $6.3 million.
Recovery Momentum Continues
Highlights
- In the first quarter of 2022, Emerald successfully traded 31 in-person trade shows, conferences and other events, serving more than 141,000 attendees and 5,700 exhibiting companies
-
Revenues of
$98.5 million $85.6 million 663.6% , from$12.9 million -
Net income of
$22.6 million $15.3 million -
First quarter net income included non-cash charges of
$7.9 million $0 -
Adjusted EBITDA, a non-GAAP measure, of
$54.4 million $2.5 million -
Cash generation increased as bookings for returning events accelerate
-
Cash provided by operations of
$33.0 million $1.6 million -
Emerald generated free cash flow, a non-GAAP measure, of
$29.8 million $0.6 million
-
Cash provided by operations of
-
Emerald bought back 0.3 million shares at an average price of
$3.63 -
Emerald continues to actively pursue the collection of the remaining unpaid amounts of filed insurance claims for its cancelled and impacted 2020 and 2021 events
-
To date, Emerald has submitted
$347.5 million -
Insurance claim payments received to date total
$213.1 million $89.1 million $95.3 million $28.8 million
-
To date, Emerald has submitted
-
Emerald ended the quarter with
$254.4 million $110 million
First Quarter 2022 Financial Performance
|
Three Months
|
||||||||||||||
|
2022 |
|
2021 |
|
Change |
|
% Change |
||||||||
|
(unaudited, dollars in millions, except percentages and per share data) |
|
|||||||||||||
Revenues |
$ |
98.5 |
|
|
$ |
12.9 |
|
|
$ |
85.6 |
|
|
|
663.6 |
% |
Net income (loss) |
$ |
22.6 |
|
|
$ |
(15.3 |
) |
|
$ |
37.9 |
|
|
NM |
|
|
Net cash provided by operating activities |
$ |
33.0 |
|
|
$ |
1.6 |
|
|
$ |
31.4 |
|
|
|
1,962.5 |
% |
Diluted income (loss) per share |
$ |
0.07 |
|
|
$ |
(0.33 |
) |
|
$ |
0.40 |
|
|
NM |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Non-GAAP measures: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA |
$ |
54.4 |
|
|
$ |
(2.5 |
) |
|
$ |
56.9 |
|
|
NM |
|
|
Adjusted EBITDA excluding event cancellation insurance proceeds |
$ |
25.6 |
|
|
$ |
(16.6 |
) |
|
$ |
42.2 |
|
|
NM |
|
|
Free Cash Flow |
$ |
29.8 |
|
|
$ |
0.6 |
|
|
$ |
29.2 |
|
|
|
4,866.7 |
% |
Resumption of Live Events and Expected Insurance Recovery Update
Emerald actively returned to staging in-person events beginning in
In addition, Emerald continues to pursue full recovery for event cancellation insurance claims relating to events originally scheduled to stage in 2020 and 2021. In total, Emerald has submitted insurance claims of
On
While there is no guarantee or assurance as to the outcome of this litigation or the amount or timing of future recoveries from the Company’s event cancellation insurance policies, the Company believes that all events that have been impacted, cancelled or postponed due to COVID-19 during 2020 and 2021 to date should qualify as covered losses under the event cancellation insurance policies and that, to date, the insurers have paid less than what is owed under the policies.
Financial & Operational Results, Quarter Ended
For the first quarter of 2022, Emerald reported revenues of
The Company recognized net income of
For the first quarter of 2022, Adjusted EBITDA was
For a discussion of the Company’s presentation of Organic revenues and Adjusted EBITDA, including Adjusted EBITDA excluding event cancellation insurance proceeds, which are non-GAAP measures, see below under the heading “Non-GAAP Financial Information.” Refer to Schedule 1 for a reconciliation of Organic revenues to revenues (discussed in the first paragraph of this section), the most directly comparable GAAP measure, and refer to Schedule 3 for a reconciliation of Adjusted EBITDA and Adjusted EBITDA excluding event cancellation insurance proceeds to net loss (discussed in the second and third paragraphs of this section), the most directly comparable GAAP measure.
Cash Flow
Net cash provided by operating activities was
Capital expenditures were
Free Cash Flow, which the Company defines as net cash provided by operating activities less capital expenditures, was an inflow of
The Company bought back 0.3 million shares at an average price of
For a review of the Company’s presentation of Free Cash Flow, which is a non-GAAP measure, see below under the heading “Non-GAAP Financial Information.” Refer to Schedule 4 for a reconciliation of Free Cash Flow to net cash (used in) provided by operating activities (discussed in the first paragraph of this section), the most directly comparable GAAP measure.
Conference Call Webcast Details
As previously announced, the Company’s leadership will hold a conference call to discuss its first quarter 2022 results at
The conference call can be accessed by dialing 1-877-407-9039 (domestic) or 1-201-689-8470 (international). A telephonic replay will be available approximately two hours after the call by dialing 1-844-512-2921, or for international callers, 1-412-317-6671. The passcode for the replay is 13729258. The replay will be available until
Interested investors and other parties can access the webcast of the live conference call by visiting the Investors section of Emerald’s website at [http://investor.emeraldx.com]. An online replay will be available on the same website immediately following the call.
About Emerald
Emerald is a leader in building dynamic, market-driven business-to-business platforms that integrate live events with a broad array of industry insights, digital tools, and data-focused solutions to create uniquely rich experiences. As true partners, we at Emerald strive to build our customers’ businesses by creating opportunities that inspire, amaze, and deliver breakthrough results. With over 140 events each year, our teams are creators and connectors who are thoroughly immersed in the industries we serve and committed to supporting the communities in which we operate.
Non-GAAP Financial Information
This press release presents certain “non-GAAP” financial measures. The components of these non-GAAP measures are computed by using amounts that are determined in accordance with accounting principles generally accepted in
Organic Revenue
We define “Organic revenue growth” and “Organic revenue decline” as the growth or decline, respectively, in our revenue from one period to the next, adjusted for the revenue impact of: (i) acquisitions and dispositions, (ii) discontinued events, (iii) material show scheduling adjustments and (iv) event cancellations for which the Company has received, or expects to receive, claim proceeds from its event cancellation insurance policy. We disclose changes in Organic revenue because we believe it assists investors and analysts in comparing Emerald’s operating performance across reporting periods on a consistent basis by excluding items that we do not believe provide a fair comparison of the trends underlying our existing event portfolio given changes in timing or strategy. Management and Emerald’s board of directors evaluate changes in Organic revenue to evaluate our historical and prospective financial performance and understand underlying revenue trends of our events.
Adjusted EBITDA
We use Adjusted EBITDA because we believe it assists investors and analysts in comparing Emerald’s operating performance across reporting periods on a consistent basis by excluding items that we do not believe are indicative of our core operating performance. Management and Emerald’s board of directors use Adjusted EBITDA to assess our financial performance and believe it is helpful in highlighting trends because it excludes the results of decisions that are outside the control of management, while other measures can differ significantly depending on long-term strategic decisions regarding capital structure, the tax jurisdictions in which we operate, and capital investments. Adjusted EBITDA should not be considered as an alternative to net income as a measure of financial performance or to cash flows from operations as a liquidity measure.
We define Adjusted EBITDA as net income before (i) interest expense, (ii) income tax benefit, (iii) depreciation and amortization, (iv) stock-based compensation, (v) deferred revenue adjustment, (vi) goodwill and other intangible asset impairment charge, (vii) material show scheduling adjustments, where applicable, and (viii) other items that management believes are not part of our core operations.
We have also presented Adjusted EBITDA excluding event cancellation insurance proceeds in order to illustrate the amount of Adjusted EBITDA from continuing operations.
Note: Schedule 3 provides reconciliations for 2022 and 2021 Adjusted EBITDA to net income, however, it is not possible, without unreasonable efforts, to estimate the impacts of show scheduling adjustments, acquisitions and the amount and timing of receipt of event cancellation insurance proceeds and certain other special items that may occur in 2022 as these items are inherently uncertain and difficult to predict. As a result, the Company is unable to quantify certain amounts that would be included in a reconciliation of 2023 projected Adjusted EBITDA to projected net income without unreasonable efforts and has not provided reconciliations for these forward-looking non-GAAP financial measures.
Free Cash Flow
We present Free Cash Flow because we believe it is a useful indicator of liquidity that provides information to management and investors about the amount of cash generated from our core operations that, after capital expenditures, can be used to maintain and grow our business, for the repayment of indebtedness, payment of dividends and to fund strategic opportunities. Free Cash Flow is a supplemental non-GAAP measure of liquidity and is not based on any standardized methodology prescribed by GAAP. Free Cash Flow should not be considered in isolation or as an alternative to cash flows from operating activities or other measures determined in accordance with GAAP.
Other companies may compute these measures differently. No non-GAAP metric should be considered as an alternative to any other measure derived in accordance with GAAP.
Cautionary Statement Concerning Forward-Looking Statements
This press release contains and our earnings call will contain certain forward-looking statements, including, but not limited to, our expectations arising from the severe impact of COVID-19 and related variants on our business; our ability to continue staging live events and return our business to pre-COVID levels; our guidance with respect to estimated 2023 revenues and Adjusted EBITDA, including Adjusted EBITDA excluding event cancellation insurance proceeds; our ability to recover insurance proceeds under current policies and the timing of any such recoveries; our ability to obtain event cancellation insurance in the future on similar terms or at all; the outcome of the Company’s litigation against the insurers under the Company’s event cancellation insurance policies; the timing for rescheduled trade show events; and our ability to successfully identify and acquire acquisition targets and integrate and grow acquired businesses. These statements involve risks and uncertainties, including, but not limited to, economic, competitive, governmental and technological factors outside of the Company’s control that may cause its business, industry, strategy, financing activities or actual results to differ materially. See “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings. The Company undertakes no obligation to update or revise any of the forward-looking statements contained herein, whether as a result of new information, future events or otherwise.
|
||||||||
Condensed Consolidated Statements of Income (Loss) and Comprehensive Income (Loss) |
||||||||
(unaudited, dollars in millions, share data in thousands, except loss per share data) |
||||||||
|
|
Three Months Ended
|
|
Three Months Ended
|
||||
Revenues |
|
$ |
98.5 |
|
|
$ |
12.9 |
|
Other income |
|
|
28.8 |
|
|
|
14.1 |
|
Cost of revenues |
|
|
34.2 |
|
|
|
4.0 |
|
Selling, general and administrative expense |
|
|
46.6 |
|
|
|
30.8 |
|
Depreciation and amortization expense |
|
|
14.3 |
|
|
|
11.8 |
|
|
|
|
6.3 |
|
|
|
— |
|
Intangible asset impairment charges |
|
|
1.6 |
|
|
|
— |
|
Operating income (loss) |
|
|
24.3 |
|
|
|
(19.6 |
) |
Interest expense, net |
|
|
3.9 |
|
|
|
4.0 |
|
Income (loss) before income taxes |
|
|
20.4 |
|
|
|
(23.6 |
) |
Benefit from income taxes |
|
|
(2.2 |
) |
|
|
(8.3 |
) |
Net income (loss) and comprehensive income (loss) attributable to |
|
$ |
22.6 |
|
|
$ |
(15.3 |
) |
Accretion to redemption value of redeemable convertible preferred stock |
|
|
(9.2 |
) |
|
|
(8.5 |
) |
Participation rights on if-converted basis |
|
|
(8.6 |
) |
|
|
— |
|
Net income (loss) and comprehensive income (loss) attributable to |
|
$ |
4.8 |
|
|
$ |
(23.8 |
) |
Basic income (loss) per share |
|
|
0.07 |
|
|
|
(0.33 |
) |
Diluted income (loss) per share |
|
|
0.07 |
|
|
|
(0.33 |
) |
Basic weighted average common shares outstanding |
|
|
70,171 |
|
|
|
72,245 |
|
Diluted weighted average common shares outstanding |
|
|
70,280 |
|
|
|
72,245 |
|
|
|
|
|
|
|
|
|
|
|
||||||||
Condensed Consolidated Balance Sheets |
||||||||
(dollars in millions, share data in thousands, except par value) |
||||||||
|
|
|
|
|
||||
|
|
(unaudited) |
|
|||||
Assets |
|
|
|
|
|
|
|
|
Current assets |
|
|
|
|
|
|
|
|
Cash and cash equivalents |
|
$ |
254.4 |
|
|
$ |
231.2 |
|
Trade and other receivables, net of allowances of |
|
|
86.2 |
|
|
|
46.4 |
|
Prepaid expenses |
|
|
13.5 |
|
|
|
12.5 |
|
Total current assets |
|
|
354.1 |
|
|
|
290.1 |
|
Noncurrent assets |
|
|
|
|
|
|
|
|
Property and equipment, net |
|
|
4.4 |
|
|
|
3.7 |
|
Intangible assets, net |
|
|
226.2 |
|
|
|
236.7 |
|
|
|
|
513.9 |
|
|
|
514.2 |
|
Right-of-use assets |
|
|
14.3 |
|
|
|
15.1 |
|
Other noncurrent assets |
|
|
2.4 |
|
|
|
2.6 |
|
Total assets |
|
$ |
1,115.3 |
|
|
$ |
1,062.4 |
|
Liabilities, Redeemable Convertible Preferred Stock and Stockholders’ Deficit |
|
|
|
|
|
|
|
|
Current liabilities |
|
|
|
|
|
|
|
|
Accounts payable and other current liabilities |
|
$ |
56.4 |
|
|
$ |
46.7 |
|
Cancelled event liabilities |
|
|
6.3 |
|
|
|
9.8 |
|
Deferred revenues |
|
|
139.3 |
|
|
|
118.1 |
|
Contingent consideration |
|
|
33.9 |
|
|
|
5.1 |
|
Right-of-use liabilities, current portion |
|
|
4.5 |
|
|
|
4.7 |
|
Term loan, current portion |
|
|
5.7 |
|
|
|
5.7 |
|
Total current liabilities |
|
|
246.1 |
|
|
|
190.1 |
|
Noncurrent liabilities |
|
|
|
|
|
|
|
|
Term loan, net of discount and deferred financing fees |
|
|
509.8 |
|
|
|
510.9 |
|
Deferred tax liabilities, net |
|
|
1.4 |
|
|
|
1.5 |
|
Right-of-use liabilities |
|
|
12.0 |
|
|
|
13.3 |
|
Other noncurrent liabilities |
|
|
7.7 |
|
|
|
32.1 |
|
Total liabilities |
|
|
777.0 |
|
|
|
747.9 |
|
Commitments and contingencies |
|
|
|
|
|
|
|
|
Redeemable convertible preferred stock |
|
|
|
|
|
|
|
|
at |
|
|
443.1 |
|
|
433.9 |
|
|
Stockholders’ deficit |
|
|
|
|
|
|
|
|
Common stock, |
|
|
0.7 |
|
|
|
0.7 |
|
Additional paid-in capital |
|
|
645.2 |
|
|
|
653.2 |
|
Accumulated deficit |
|
|
(750.7 |
) |
|
|
(773.3 |
) |
Total stockholders’ deficit |
|
|
(104.8 |
) |
|
|
(119.4 |
) |
Total liabilities, redeemable convertible preferred stock and stockholders’ deficit |
|
$ |
1,115.3 |
|
|
$ |
1,062.4 |
|
Schedule 1 |
||||||||||||||||
|
||||||||||||||||
UNAUDITED RECONCILIATION OF REVENUES TO ORGANIC REVENUES |
||||||||||||||||
|
|
Three Months
|
|
|
Change |
|||||||||||
|
|
2022 |
|
2021 |
|
|
$ |
|
% |
|||||||
|
|
(dollars in millions) (unaudited) |
|
|||||||||||||
Revenues |
|
$ |
98.5 |
|
|
$ |
12.9 |
|
|
$ |
85.6 |
|
|
|
663.6 |
% |
Add (deduct): |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Acquisition revenues |
|
|
(2.0 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
COVID-19 prior year cancellations(1) |
|
|
(62.7 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
COVID-19 prior year postponements(2) |
|
|
(12.3 |
) |
|
|
— |
|
|
|
|
|
|
|
|
|
Scheduling adjustments |
|
|
— |
|
|
|
0.9 |
|
|
|
|
|
|
|
|
|
Organic revenues |
|
$ |
21.5 |
|
|
$ |
13.8 |
|
|
$ |
7.7 |
|
|
|
55.8 |
% |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Notes: | ||
(1) |
Represents the increase in 2022 revenues as a result of events that staged in the current year and were cancelled due to COVID-19 in the prior year. |
|
(2) |
Represents the increase in revenues from events that staged in the first quarter of 2022 but were also postponed and staged in the second half of 2021 due to COVID-19. |
|
Schedule 2 |
||||||||
|
||||||||
UNAUDITED RECONCILIATION OF REVENUES TO DISAGGREGATED REVENUES |
||||||||
|
|
Three Months Ended
|
||||||
|
|
2022 |
|
2021 |
||||
|
|
(dollars in millions)
|
||||||
|
|
$ |
78.6 |
|
|
$ |
3.6 |
|
Other Events |
|
|
9.1 |
|
|
|
2.0 |
|
Subscription software and services |
|
|
4.2 |
|
|
|
2.2 |
|
Other marketing services |
|
|
6.6 |
|
|
|
5.1 |
|
Total Revenues |
|
$ |
98.5 |
|
|
$ |
12.9 |
|
Schedule 3 |
||||||||
|
||||||||
UNAUDITED RECONCILIATION OF NET INCOME (LOSS) TO ADJUSTED EBITDA |
||||||||
|
|
Three Months
|
||||||
|
|
2022 |
|
2021 |
||||
|
|
(dollars in millions)
|
|
|||||
Net income (loss) |
|
$ |
22.6 |
|
|
$ |
(15.3 |
) |
Add (deduct): |
|
|
|
|
|
|
|
|
Interest expense |
|
|
3.9 |
|
|
|
4.0 |
|
Benefit from income taxes |
|
|
(2.2 |
) |
|
|
(8.3 |
) |
|
|
|
6.3 |
|
|
|
— |
|
Intangible asset impairment charge(2) |
|
|
1.6 |
|
|
|
— |
|
Depreciation and amortization |
|
|
14.3 |
|
|
|
11.8 |
|
Stock-based compensation |
|
|
2.1 |
|
|
|
3.0 |
|
Deferred revenue adjustment |
|
|
0.2 |
|
|
|
0.9 |
|
Other items(3) |
|
|
5.6 |
|
|
|
1.2 |
|
Scheduling adjustments |
|
|
- |
|
|
|
0.2 |
|
Adjusted EBITDA |
|
$ |
54.4 |
|
|
$ |
(2.5 |
) |
Deduct: |
|
|
|
|
|
|
|
|
Event cancellation insurance proceeds |
|
|
28.8 |
|
|
|
14.1 |
|
Adjusted EBITDA excluding event cancellation insurance proceeds |
|
$ |
25.6 |
|
|
$ |
(16.6 |
) |
| Notes: | ||
(1) |
For the three months ended |
|
(2) |
Intangible asset impairment charges for the three months ended |
|
|
Intangible asset impairment charges for the three months ended |
|
(3) |
Other items for the three months ended |
|
|
Other items for the three months ended |
|
Schedule 4 |
||||||||
|
||||||||
UNAUDITED RECONCILIATION OF NET CASH PROVIDED BY OPERATING ACTIVITIES TO FREE CASH FLOW |
||||||||
|
|
Three Months
|
||||||
|
|
2022 |
|
2021 |
||||
|
|
(dollars in millions) (unaudited) |
|
|||||
Net Cash Provided by Operating Activities |
|
$ |
33.0 |
|
|
$ |
1.6 |
|
Less: |
|
|
|
|
|
|
|
|
Capital expenditures |
|
|
3.2 |
|
|
|
1.0 |
|
Free Cash Flow |
|
$ |
29.8 |
|
|
$ |
0.6 |
|
Schedule 5 |
||||||||
|
||||||||
UNAUDITED RECONCILIATION OF REPORTABLE SEGMENTS RESULTS TO LOSS BEFORE TAXES |
||||||||
|
|
Three Months
|
||||||
|
|
2022 |
|
2021 |
||||
|
|
(dollars in millions)
|
||||||
Revenues |
|
|
|
|
|
|
|
|
Commerce |
|
$ |
56.7 |
|
|
$ |
5.7 |
|
Design, Creative, and Technology |
|
|
37.5 |
|
|
|
4.9 |
|
All Other |
|
|
4.3 |
|
|
|
2.3 |
|
Total revenues |
|
$ |
98.5 |
|
|
$ |
12.9 |
|
|
|
|
|
|
|
|
|
|
Other Income |
|
|
|
|
|
|
|
|
Commerce |
|
$ |
1.1 |
|
|
$ |
6.7 |
|
Design, Creative, and Technology |
|
|
27.0 |
|
|
|
6.9 |
|
All Other |
|
|
0.7 |
|
|
|
0.5 |
|
Total other income |
|
$ |
28.8 |
|
|
$ |
14.1 |
|
|
|
|
|
|
|
|
|
|
Adjusted EBITDA |
|
|
|
|
|
|
|
|
Commerce |
|
$ |
31.8 |
|
|
$ |
5.3 |
|
Design, Creative, and Technology |
|
|
37.7 |
|
|
|
2.1 |
|
All Other |
|
|
(2.3 |
) |
|
|
0.8 |
|
Subtotal Adjusted EBITDA |
|
$ |
67.2 |
|
|
$ |
8.2 |
|
|
|
|
|
|
|
|
|
|
General corporate and other expenses |
|
|
(12.8 |
) |
|
|
(10.9 |
) |
Interest expense |
|
|
(3.9 |
) |
|
|
(4.0 |
) |
|
|
|
(6.3 |
) |
|
|
— |
|
Intangible asset impairment charges |
|
|
(1.6 |
) |
|
|
— |
|
Depreciation and amortization expense |
|
|
(14.3 |
) |
|
|
(11.8 |
) |
Stock-based compensation expense |
|
|
(2.1 |
) |
|
|
(3.0 |
) |
Deferred revenue adjustment |
|
|
(0.2 |
) |
|
|
(0.9 |
) |
Other items |
|
|
(5.6 |
) |
|
|
(1.2 |
) |
Income (Loss) before taxes |
|
$ |
20.4 |
|
|
$ |
(23.6 |
) |
Schedule 6 |
||||||||||||||
|
||||||||||||||
UNAUDITED EVENT CANCELLATION INSURANCE CLAIM ACTIVITY |
||||||||||||||
|
|
Insurance claims
|
|
Insurance claims
|
|
Insurance claim
|
|
Insurance
|
||||||
|
(dollars in millions) (unaudited) |
|
||||||||||||
Year Ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2020 events |
|
$ |
166.8 |
|
$ |
89.1 |
|
$ |
17.9 |
|
|
$ |
107.0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2020 events |
|
$ |
— |
|
$ |
52.2 |
|
$ |
(17.9 |
) |
|
$ |
34.3 |
|
2021 events |
|
|
82.3 |
|
|
43.1 |
|
|
— |
|
|
|
43.1 |
|
Three Months Ended |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2020 events |
|
$ |
— |
|
$ |
0.9 |
|
$ |
— |
|
|
$ |
0.9 |
|
2021 events |
|
|
98.4 |
|
|
27.9 |
|
|
— |
|
|
|
27.9 |
|
Total |
|
$ |
98.4 |
|
$ |
28.8 |
|
$ |
— |
|
|
$ |
28.8 |
|
Cumulative Total |
|
$ |
347.5 |
|
$ |
213.2 |
|
$ |
— |
|
|
$ |
213.2 |
|
*Includes insurance claims accrued and received in subsequent period |
|
|||||||||||||
View source version on businesswire.com: https://www.businesswire.com/news/home/20220506005531/en/
Source:
FAQ
What are Emerald Holding's Q1 2022 earnings results?
What is the revenue growth percentage for Emerald in Q1 2022?
What is the stock symbol for Emerald Holding?
What is the adjusted EBITDA for Emerald in Q1 2022?
What are Emerald's future revenue expectations for 2022?
