Viad - VVI STOCK NEWS

Viad Corp (NYSE: VVI) reported its second-quarter results for 2023, with revenue of $320.3 million, an increase of $1.1 million compared to the same period last year. Net income attributable to Viad was $11.0 million, a decrease of $8.9 million. Consolidated adjusted EBITDA was $42.9 million, a decline of $4.6 million. Pursuit, the leisure travel segment, saw revenue of $88.5 million, an increase of $10.9 million, and adjusted EBITDA of $19.5 million, an improvement of $3.9 million.

Viad Corp reports strong Q1 2023 results, exceeding expectations. Revenue increased by $83.4 million, net loss improved by $8.1 million, and adjusted EBITDA improved by $14.7 million. Viad raises full-year guidance for revenue, adjusted EBITDA, and free cash flow.

Viad Corp (NYSE: VVI) will host a teleconference on May 4, 2023, at 5 p.m. Eastern Time to discuss its first-quarter 2023 results. CEO Steve Moster and CFO Ellen Ingersoll will present the financial outcomes and outlook, joined by Pursuit President David Barry. The press release with financial results will be issued on the same day and available on their website, www.viad.com. Interested parties can register for the live conference call via the link provided, with the option to listen through an audio webcast. A replay will be accessible post-call. Viad is known for offering experiential leisure travel and live events through its Pursuit and GES segments, focusing on extraordinary customer experiences.

Viad Corp (NYSE: VVI) announced that President and CEO Steve Moster and CFO Ellen Ingersoll will attend the 35th Annual Roth Conference on March 13 and 14, 2023, in Dana Point, California. An updated investor presentation will be available on their website on March 13 by 8 a.m. Eastern Time. Viad is a global provider of leisure and hospitality experiences, operating through two main businesses: Pursuit and GES. They focus on delivering extraordinary experiences and sustainable growth for shareholders. Viad is included in the S&P SmallCap 600 index.

ezCater, a leader in corporate food solutions, announced the appointment of Laura Born and Beverly K. Carmichael to its Board of Directors on March 1, 2023. Both bring significant leadership experience from industries including technology and finance, enhancing the board’s diversity with three women among eight directors. Born has extensive expertise in corporate finance, while Carmichael has a background in human resources and law. Their insights are expected to strengthen ezCater's ability to meet complex customer needs in the evolving food-for-work sector.

Viad Corp (NYSE: VVI) reported substantial financial recovery in 2022, achieving a record revenue of $1,127.3 million, up $620 million from 2021. The fourth-quarter revenue rose to $248 million, a $64.5 million increase year-over-year. Although the net loss attributable to Viad improved significantly in Q4, reaching a loss of $5.7 million (compared to $22.5 million in Q4 2021), overall annual net income was $23.2 million, a turnaround from a loss of $92.7 million in 2021. Consolidated adjusted EBITDA increased to $116.1 million for the year, marking a $114.8 million growth. The company anticipates continued growth in 2023, driven by lifting COVID restrictions and new Pursuit experiences.

Viad Corp (NYSE: VVI), a leading provider of experiential leisure travel and live events, has announced a teleconference scheduled for February 9, 2023, at 5 p.m. Eastern Time. President Steve Moster and CFO Ellen Ingersoll will discuss the fourth quarter and full year 2022 results, along with an outlook for the future. An accompanying press release will be issued on the same day and available on their website. Viad operates through its subsidiaries, Pursuit and GES, offering unique travel experiences and event management services across North America and Europe.

Viad Corp (NYSE: VVI) has completed the sale of ON Services, its US-based audio-visual services business, for approximately $30 million. This move is part of Viad's strategy to simplify its operations at GES and improve its cost structure. The audio-visual services revenue represented about 6% of GES's total revenue for the first nine months of 2022. The proceeds will strengthen Viad's balance sheet and support investments in its Pursuit division, focusing on high-return travel experiences.