Welcome to our dedicated page for Viad news (Ticker: VVI), a resource for investors and traders seeking the latest updates and insights on Viad stock.
Viad Corp (NYSE: VVI) delivers innovative experiential marketing solutions through its global network of event production and attractions services. This news hub provides investors and industry professionals with comprehensive updates on corporate developments shaping the live events and hospitality sectors.
Access authoritative coverage of Viad's financial announcements, strategic partnerships, and operational milestones. Our curated collection includes earnings reports, acquisition updates, leadership changes, and innovations in brand activation technologies. Each release is verified for accuracy and contextualized within Viad's dual focus on exhibition services and destination experiences.
Monitor critical updates across Viad's key markets in North America, Europe, and the UAE. Track developments in GES event production capabilities and Pursuit's hospitality offerings through structured, search-optimized content. Bookmark this page for efficient tracking of VVI's market position within the S&P SmallCap 600 index.
Pursuit Attractions and Hospitality (NYSE: PRSU) has scheduled its first quarter 2025 earnings release for Thursday, May 8, 2025, after market close. The company will host a conference call at 5 p.m. Eastern Time to discuss financial results for the quarter ended March 31, 2025 and provide business updates.
Investors can access the live audio webcast through the company's website's 'Events & Presentations' section. The call can also be joined by dialing (404) 975-4839 or (833) 470-1428 with access code 015320. Pre-registration is available to bypass operator wait times. A replay will be accessible on the website and via phone using access code 639824.
Pursuit (NYSE: PRSU) has announced the appointment of Cathy Tang as Chief Legal Officer and Corporate Secretary, effective March 24, 2025. Tang joins from Krispy Kreme, where she served as Senior VP, Chief Legal Officer, and Corporate Secretary, playing a key role in their 2021 IPO.
Tang brings over two decades of experience from Yum! Brands, where she held senior positions including Global Chief Branding Counsel and Chief Legal Officer of KFC U.S. In her new role at Pursuit, she will lead the company's legal strategy, including corporate governance, acquisitions, compliance, and labor matters.
Pursuit operates 15 world-class point-of-interest attractions and 28 distinctive lodges with integrated restaurants, retail, and transportation services across the United States, Canada, and Iceland.
Pursuit (NYSE: PRSU) reported its Q4 and full-year 2024 results following its transformation into a pure-play attractions and hospitality company after selling GES for $535 million. The company achieved full-year revenue of $366.5 million, up 4.6% year-over-year, despite challenges from the Jasper wildfire.
Key financial highlights include:
- Net income of $368.5 million, largely due to $421.9 million pre-tax gain from GES sale
- Adjusted EBITDA of $77.1 million
- Strong balance sheet with $49.7 million cash and near-zero net leverage
- New $200 million undrawn revolving credit facility
The company completed three strategic acquisitions for $34 million in 2024 and opened new attractions including Flyover Chicago. For 2025, Pursuit expects adjusted EBITDA of $98-108 million, representing substantial growth of $21-31 million compared to 2024.
Pursuit Attractions and Hospitality (NYSE: PRSU) has rescheduled its fourth quarter and full year 2024 earnings release to March 11, 2025, after market close. The company will host a conference call at 5 p.m. Eastern Time on the same day.
The delay in earnings release is attributed to the need for additional time to complete discontinued operations accounting procedures for GES, which was divested on December 31, 2024.
The earnings call will be accessible through a live audio webcast in the company's website's 'Events & Presentations' section, where the earnings press release and presentation will be posted. Participants can also join via phone or pre-register to avoid wait times.
Pursuit (NYSE: PRSU) and other leading tourism companies have collectively pledged over $5.5 million to support Jasper's recovery from last summer's wildfires and promote sustainable tourism growth. The initiative includes $3 million from Pursuit, $1.5 million from Fairmont Jasper Park Lodge, $1 million from Rocky Mountaineer, and approximately $300,000 from Jasper Brewing and Maligne Range.
The funds will be managed through trusted community organizations including the Banff Community Foundation and Jasper Community Team Society, focusing on high-impact recovery projects, local businesses, and community programs. The initiative aims to strengthen Jasper's position as a premier travel destination and support the community's long-term prosperity.
Pursuit Attractions and Hospitality (NYSE: PRSU) has scheduled its Q4 and full-year 2024 earnings release for Tuesday, March 4, 2025, after market close. The company will host a conference call at 5 p.m. Eastern Time on the same day to discuss financial results and provide business updates.
The earnings call will be accessible through multiple channels: a live audio webcast in the 'Events & Presentations' section of their website, or by phone at (404) 975-4839 or (833) 470-1428 with access code 328134. To avoid wait times, participants can pre-register through a provided link. The earnings press release and presentation will be available on the website before the call, and a replay will be accessible both online and via phone using access code 131587.
Truelink Capital has completed the acquisition of GES from Viad Corp (VVI), establishing GES as an independent company. GES, a 90-year-old global leader in exhibition and event solutions, will continue under the leadership of Derek Linde as President & CEO. The company employs over 2,600 team members across North America, Europe, and Asia, providing comprehensive services in strategy, creative design, logistics, and event production.
The company serves various industries including healthcare, aerospace & defense, automotive, technology, and retail, offering support for both live and virtual events. This marks Truelink Capital's sixth acquisition, though financial terms were not disclosed.
Viad Corp (NYSE: VVI) has completed the sale of its GES business to Truelink Capital for $535 million and will relaunch as Pursuit Attractions and Hospitality, Inc. The company will begin trading under the new NYSE ticker PRSU on January 2, 2025. The transaction proceeds were used to retire Viad's 2021 Credit Facility and provide excess cash for Pursuit's growth strategy.
The company completed the mandatory conversion of its 5.5% Convertible Series A Preferred Stock into approximately 6.7 million common shares, bringing the total outstanding shares to 28 million. David Barry, previously President of Viad's Pursuit business, has assumed the role of President and CEO, while the Board of Directors has been reduced to seven members.
Pursuit operates 14 attractions and 28 lodges across the United States, Canada, and Iceland, focusing on delivering experiences in iconic destinations.
Viad Corp (NYSE: VVI) will change its corporate name to Pursuit Attractions and Hospitality, effective December 31, 2024. The company will begin trading under a new NYSE ticker, PRSU, starting January 2, 2025. This follows the previously announced sale of Viad’s GES business, expected to close on December 31, 2024. Post-transaction, Pursuit will operate as a standalone, publicly traded company focused on the leisure and hospitality sector, delivering experiences in iconic destinations. The company aims to leverage its financial flexibility and balance sheet capacity to accelerate its growth strategy, dubbed Refresh, Build, Buy. The ticker symbol change requires no action from shareholders.
Viad Corp (NYSE: VVI) announced Michael 'Bo' Heitz will become Chief Financial Officer in March 2025, succeeding Ellen Ingersoll who has served as CFO since 2002. Heitz joined the company on December 16, 2024, and will be based in Pursuit's Denver office. This transition aligns with Viad's transformation as Pursuit prepares to become a standalone public company following the sale of its GES business, expected to close on December 31, 2024.
Heitz brings a decade of experience from Vail Resorts, where he most recently served as Vice President of Corporate and Mountain Finance. Upon completion of the GES sale, Viad will rebrand as Pursuit and change its NYSE ticker to PRSU, positioning itself as an independent, high-growth company focused on attractions and hospitality.
