earnings
confidence high
sentiment positive
materiality 0.75
Emerald reports FY22 revenue $325.9M (+124% YoY); guides FY23 revenue >$400M
Emerald Holding, Inc.
- FY22 revenue $325.9M (+124% YoY); net income $130.8M vs loss $79.7M in 2021.
- Adjusted EBITDA (ex-insurance) $56.8M vs -$33.3M; FY23 guidance: >$400M rev, >$100M Adj. EBITDA.
- Board extended share repurchase program by $20M through Dec 2023; bought 2.9M shares at avg $3.60 in 2022.
- Ended Q4 with $239.1M cash; prepaid $100M term loans; three acquisitions in 2022.
- Staged 124 in-person trade shows in FY22; Xcelerator launched 4 new brands.