Welcome to our dedicated page for Emerald Holding news (Ticker: EEX), a resource for investors and traders seeking the latest updates and insights on Emerald Holding stock.
Emerald Holding, Inc. (NYSE: EEX) is a premier organizer of customer-focused tradeshows and consumer events across the United States. Headquartered in San Juan Capistrano, California, with additional offices in major cities including Los Angeles, Chicago, Alpharetta, Atlanta, Naples, Manhattan, and Westchester, New York, the company boasts a diverse portfolio of more than 50 tradeshows, conferences, and events.
Emerald Holding operates in nine key industries:
- Gift, Home & General Merchandise
- Sports & Apparel
- Licensing
- Jewelry, Luxury & Antiques
- Photo
- Design
- Healthcare
- Military
- eCommerce
Emerald Holding’s business is broadly categorized into three complementary divisions: Connections, Content, and Commerce. The Connections division features a collection of B2B trade show franchises and live events, which allow exhibitors to engage with buyers and elevate brand awareness. The Content division includes B2B print publications and digital media products that support the trade show properties. The Commerce division offers software-as-a-service technology through platforms like Elastic Suite and Bulletin, enabling continuous B2B transactions for customers.
In terms of financial performance, the majority of revenue is driven by the Connections segment, leveraging industry analysis and market intelligence to help customers build relationships, generate leads, and market their products effectively. Emerald Holding continues to seek top talent to maintain its high standards of excellence across its expansive range of operations.
Emerald Holding, Inc. (EEX) reported Q3 2022 revenues of $62.4 million, an 18.4% decline from $76.5 million in Q3 2021. Organic revenues rose 33.5% to $56.6 million. The company achieved a net income of $93.0 million, rebounding from a $9.0 million loss last year, aided by insurance settlements of $149.3 million. Adjusted EBITDA reached $149.7 million, significantly higher than $8.6 million in Q3 2021. Emerald's cash flow from operations was robust at $153.5 million. The company also announced an expansion of its share repurchase program, allowing for $20.0 million in buybacks until December 2023.
Emerald Holding, Inc. (NYSE: EEX) announced it will release its financial results for the third quarter of 2022 on November 3, 2022, before the market opens. A conference call will follow at 8:30 am ET to discuss the results. Investors can access the call by dialing 1-888-999-5318 domestically or 1-848-280-6460 internationally. The replay of the call will be available starting at 11:30 am ET on the same day. For more details, visit Emerald's Investor Relations.
Emerald Holding, Inc. (NYSE: EEX) is launching reMind, a new media and events platform dedicated to the psychedelics industry. The inaugural event, the Psychedelics Business Forum, will take place on November 15, 2022, at the Westgate Las Vegas Resort & Casino. The Forum aims to address key topics like drug research and investment opportunities. With 53 million Americans suffering from mental illnesses, reMind seeks to connect experts and provide resources in the growing psychedelics market. Industry leaders and an advisory board will support its mission to enhance access to psychedelic treatments.
Emerald Holding, Inc. (NYSE: EEX) reported strong growth following its ASD Market Week event in August 2022 in Las Vegas. Exhibiting companies increased by 19%, while overall revenue rose by 22% compared to the previous year. Nearly 30,000 attendees engaged with over 1,800 manufacturers, marking a successful return to in-person B2B commerce post-pandemic. Leadership updates aim to enhance growth strategies, with Camille Candella promoted to Group VP of Merchandise and Emilie Lewis joining as VP of Marketing. Plans for the Winter Show scheduled from February 26 to March 1, 2023, are already in progress.
Emerald Holding’s, Inc (EEX) announced the launch of Decentralization Deciphered (D2), a new brand aimed at supporting corporate leaders in navigating Web 3.0 technologies, including blockchain and NFTs.
The inaugural D2 Summit will take place on October 18-19, 2022, in New York City, featuring top experts from major companies such as Microsoft and Salesforce.
A recent survey showed digital transformation as the top priority for executives, surpassing market stability and competition concerns.
Emerald Holding, Inc. (NYSE: EEX) has successfully received
Emerald Holding (NYSE: EEX) announces the MJBizCon, the world’s largest cannabis business conference, taking place from November 16-18, 2022 in Las Vegas. This year marks its 11th edition, expecting over 35,000 industry professionals to participate. The event boasts over 1,400 exhibitors and 70 hours of educational content, featuring notable discussions on growth projections and regulatory reforms. CEO Chris Walsh will present insights on the cannabis industry's future, highlighting opportunities from recent federal changes.
Emerald Holding, Inc. (NYSE: EEX) announced its participation in two major conferences: the Goldman Sachs Virtual EU Communacopia Conference on September 9, 2022, and the H.C. Wainwright 24th Annual Global Investment Conference on September 13, 2022, in New York City. These events will include one-on-one investor meetings and presentations. Interested investors can access a live webcast of the H.C. Wainwright presentation on Emerald's website, with replays available afterward. Emerald focuses on creating business-to-business platforms through live events and industry insights.
Elastic Suite, a leader in B2B eCommerce technology and a subsidiary of Emerald Holding (NYSE:EEX), has partnered with the Association of Golf Merchandisers (AGM). This partnership offers AGM retailers access to Elastic's digital merchandising expertise and a network of global brand partners, enhancing wholesale purchasing efficiency. Additionally, they will co-develop tailored educational programs for retailers, focusing on the latest merchandising practices. This collaboration aims to improve the technology adoption in the golf retail sector, benefiting both retailers and manufacturers.
Emerald Holding, Inc. (NYSE:EEX) announced a significant turnaround in its financial performance, reporting second-quarter 2022 revenues of $71.4 million, up 376% from $15.0 million in Q2 2021. The company resolved outstanding insurance litigation, expecting to receive a settlement of $149.25 million, increasing total expected insurance proceeds to $372.9 million. Adjusted EBITDA reached $15.6 million, a notable recovery from negative earnings in the prior year. Additionally, Emerald has $231.7 million in cash and marketable securities, supporting its growth strategy.
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