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) is a distinguished S&P SmallCap 600 diversified services company, operating under three primary segments: Pursuit, Spiro, and GES Exhibitions. Viad Corp has established itself as a leader in providing unparalleled marketing and travel experiences across North America, the United Kingdom, Europe, and the United Arab Emirates.
Pursuit is dedicated to offering inspirational and memorable travel experiences. This segment includes recreational attractions, hotels and lodges, food and beverage services, retail, sightseeing, and ground transportation. Pursuit's comprehensive portfolio ensures guests have remarkable journeys and experiences that last a lifetime.
Spiro is a prominent marketing agency that collaborates with global brands to enhance their experiential marketing initiatives. Spiro specializes in creating dynamic and engaging marketing campaigns, ensuring brands connect with their audiences in meaningful ways.
GES Exhibitions partners with exhibition and conference organizers to deliver a full range of strategic and logistical solutions. This segment is a full-service provider, managing the intricacies of shows and ensuring seamless execution. GES Exhibitions supports organizers in crafting impactful and successful events that resonate with attendees.
Viad Corp's recent achievements and ongoing projects highlight its commitment to innovation and excellence. The company's financial health is robust, underpinned by strategic partnerships and a diverse portfolio of services. Viad Corp continues to excel in delivering high-quality, place-based marketing services, positioning itself as an industry leader in both travel and experiential marketing sectors.
Viad Corp (NYSE: VVI) reported its first quarter 2021 financial results, revealing revenue of $28.9 million, a significant decline from $294.7 million in Q1 2020, largely due to pandemic impacts. The net loss for the quarter was $43.2 million. Despite challenges, the company maintained a liquidity position of approximately $220 million and made progress in cash flow management. Notably, demand for leisure travel is increasing, and GES is seeing a gradual recovery in event bookings. The firm continues to prepare for a stronger summer tourism season with new attractions opening soon.
Viad Corp (NYSE: VVI) announced a teleconference scheduled for May 4, 2021, at 5 p.m. ET, where CEO Steve Moster and CFO Ellen Ingersoll will discuss the company's Q1 2021 financial results. Pursuit President David Barry will also join the call. A press release with the financial results will be issued the same day and made available on Viad's website. Stakeholders can register for the call and access a live audio webcast for the event. Viad operates in experiential leisure travel and marketing, primarily through its Pursuit and GES divisions.
Viad Corp (NYSE: VVI) announced a strategic acquisition of a 60% interest in the Golden Skybridge, a new attraction in Canada, costing approximately $12 million. This addition enhances Pursuit’s portfolio aimed at boosting growth in the post-pandemic landscape. The company also filed a 'universal shelf' registration statement with the SEC, facilitating timely capital raises for future opportunities. Viad's liquidity remained strong at approximately $227 million post-acquisition. CEO Steve Moster highlighted the acquisition's potential to bolster shareholder value as the travel sector recovers.
Viad Corp (NYSE: VVI) reported a significant decline in financial performance for Q4 2020, with revenue dropping to $27.9 million from $300.7 million in Q4 2019, largely due to the impact of COVID-19. For the full year, revenue fell 68% to $415.4 million, resulting in a net loss of $374.1 million. Despite challenges, the company highlighted strong liquidity of approximately $260 million and ongoing initiatives to improve cost management and accelerate recovery. Key projects include the upcoming openings of the Sky Lagoon in Iceland and FlyOver Las Vegas.
GES has launched an interactive Global Event Tracker to monitor key trade show cities and attendance over the past 90 days. This tool provides up-to-date event information with color-coded indicators to illustrate attendee participation. Despite challenges from the pandemic, the events industry contributed over $100 billion to the U.S. GDP last year. The tracker aims to help organizations understand event viability and enhance future planning as in-person gatherings return. For more details, visit the GES website.
GES has launched a Flex Talent Pool program aimed at providing temporary work for experienced exhibition professionals as the industry recovers post-COVID-19. This initiative seeks to create flexible employment opportunities for those affected by the pandemic, particularly in the United States. GES will collaborate with a third-party staffing agency to recruit and manage the talent pool, emphasizing the importance of skilled workers in revitalizing the exhibition sector. This program is a proactive response to the anticipated return of trade shows in 2021.
Viad Corp (NYSE: VVI) announced a teleconference on February 11, 2021, at 5 p.m. ET to discuss its fourth quarter and full year 2020 results. The call will feature President and CEO Steve Moster, CFO Ellen Ingersoll, and Pursuit President David Barry. Interested investors can register 10 minutes before the call, with a replay available afterwards. Viad operates two main business segments: Pursuit, which offers leisure travel experiences, and GES, a service provider for live events. Financial results will be disclosed in a press release on the same day.
Viad Corp (NYSE: VVI) will host a teleconference on October 29, 2020, at 5 p.m. Eastern Time to discuss its third-quarter 2020 results. CEO Steve Moster and CFO Ellen Ingersoll will present the findings, alongside Pursuit President David Barry. A press release detailing financial outcomes will be issued on the same day and made available on the company's website. Participants are encouraged to register at least 10 minutes before the call. A live audio webcast will also be accessible for listening.
GES Events has appointed Jennifer Beindorf as Vice President of North American New Business Development and Global Strategy. With over 25 years of experience in business development and event marketing, Jennifer will lead the sales and strategy team to enhance client relationships and expand their client base. Previously serving as VP Client Experience at GES, her expertise will help improve event experiences. Dan Hilbert, EVP of GES Events, expressed confidence in her leadership skills and industry knowledge to achieve actionable business results.
FAQ
What is the current stock price of Viad (VVI)?
What is the market cap of Viad (VVI)?
What services does Viad Corp provide?
What is the Pursuit segment?
What does Spiro specialize in?
What services does GES Exhibitions provide?
Where does Viad Corp operate?
How does Viad Corp ensure high-quality services?
What recent achievements has Viad Corp attained?
What is the financial condition of Viad Corp?
What type of travel experiences does Pursuit offer?
What industries is Viad Corp involved in?
