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. (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.
Emerald Holding, Inc. (NYSE: EEX) announced it will release its financial results for Q2 2022 on August 8, 2022, after market close. A conference call to discuss these results is scheduled for 4:30 PM ET the same day. Investors can access the call by dialing 1-800-952-1438 domestically or 1-312-281-1211 internationally, with a replay available after 7:30 PM ET until August 15, 2022. The call can also be streamed live on the company's investor website.
Emerald Holding, Inc. (NYSE: EEX) has announced the acquisition of Bulletin Inc, a wholesale marketplace linking over 3,000 independent brands with 26,000+ retailers. This merger will enhance the NY NOW platform, providing year-round access to innovative brands and creating a 24/7 connection for buyers and sellers. Key Bulletin leaders will join Emerald, with expanded roles to drive growth. The acquisition aims to revitalize the wholesale experience by merging digital and in-person interactions, fostering enduring relationships in the industry.
Emerald Holding (NYSE: EEX) has successfully acquired Advertising Week from Stillwell Partners, enhancing its position in the marketing, media, and technology sectors. This acquisition integrates Advertising Week's global events, e-learning, and content platforms with Emerald's 365-customer engagement strategy. With more than 100,000 annual attendees and plans for expansion, this move aims to diversify Emerald's offerings and accelerate growth. Key leadership from Advertising Week will remain to guide operations.
Emerald Holding, Inc. (NYSE: EEX) announced that CFO David Doft will participate in the Sidoti Summer Small Cap Virtual Conference on June 16, 2022, with a presentation scheduled at 9:15 a.m. ET.
Investors can access the live webcast on the Investors section of Emerald's website, where a replay will also be available. The company emphasizes its commitment to building dynamic B2B platforms that combine live events with industry insights and digital tools. Emerald hosts over 140 events annually, fostering connections within various industries.
Emerald Holding (NYSE:EEX) has announced the launch of a new division called Xcelerator, aimed at accelerating market diversification by creating innovative brands that foster community engagement. This division will leverage Emerald's extensive experience across over 150 events and various digital solutions. Targeting emerging markets, Xcelerator is set to introduce brands in mental health, Web3, and breakthrough medicine in 2022 and beyond. The initiative follows Emerald’s recent acquisitions of MJBiz and Elastic Suite, showcasing their commitment to innovation.
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.
Emerald Holding, Inc. (NYSE: EEX) announced that CEO Hervé Sedky and CFO David Doft will participate in the Goldman Sachs Seventh Annual Leveraged Finance and Credit Conference at Terranea Resort, Rancho Palos Verdes, CA. They are scheduled for one-on-one investor meetings on May 12, 2022, with a fireside chat at 12:00 PM PT (3:00 PM ET). Interested parties can access the live webcast through Emerald's Investor website, with replays available post-event.
Emerald Holding, Inc. (NYSE: EEX) has rescheduled its Q1 2022 financial results release to May 9, 2022, before market open. A conference call will be held at 8:30 am ET to discuss these results. Investors can access the call by dialing 1-877-407-9039 (domestic) or 1-201-689-8470 (international). The replay will be available from 11:30 am ET and can be accessed until May 16, 2022. More details can be found on the company's website.
goodMRKT will showcase purpose-driven products at the Retail Innovation Conference & Expo (RICE) in Chicago, highlighting brands committed to social responsibility. The activation features items from brands like Sackcloth & Ashes and Ranger Station. goodMRKT emphasizes community impact through initiatives such as 1-to-1 givebacks and meal donations. At 10:30 am on May 11th, goodMRKT's co-founder Harry Cunningham will speak at a session focusing on community engagement. Additionally, a 1% giveback program will benefit PAVE GLOBAL, with ShoppingGives matching donations throughout the event.
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