Emerald Q3 organic rev +33.5% to $56.6M; net income $93M on $149M insurance settlement

Emerald Holding, Inc.

2022-Q3 EPS reported $0.40 revenue$232,300,000

Revenue $62.4M (-18.4% YoY) as prior year had COVID-postponed events; organic revenue $56.6M (+33.5%).
Net income $93.0M (vs loss $9.0M) driven by $149.3M insurance litigation settlement.
Adjusted EBITDA $149.7M (incl settlement); ex-insurance, Adj. EBITDA negative $1.3M.
Bought back 1.6M shares at avg $3.74; board extended repurchase program to $20M through Dec 2023.
FY 2022 guidance: >$300M revenue, ~$50M Adj EBITDA; FY 2023 target >$100M Adj EBITDA.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Emerald Holding, Inc. reported the third quarter ended September 30, 2022 results: revenue $62.4 million, net income $93.0 million, EPS $0.41.

Period: the third quarter ended September 30, 2022
Revenue: $62.4 million
Net income: $93.0 million
EPS: $0.41
Result: reported results

Exact text from the filing

of 2022, Emerald successfully traded 25 in-person trade shows, conferences and other events, serving more than 79,000 attendees and 3,900 exhibiting companies • Revenues of $62.4 million for the third quarter 2022, a decrease of $14.1 million, or 18.4%, from $76.5 million in revenue for the third quarter of 2021, reflecting the impact of the temporarily increased

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Source: SEC EDGAR

accession 0000950170-22-021472

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