earnings
confidence high
sentiment neutral
materiality 0.70
Emerald Q1 revenue +24% to $122.3M, net income down 56%; reaffirms FY guidance >$400M revenue
Emerald Holding, Inc.
2023-Q1 EPS reported
-$0.04
revenue$122,300,000
- Revenue $122.3M (+24.2% YoY); organic revenue +17.0% to $122.1M on strong trade show attendance.
- Net income $7.1M vs $16.1M; diluted EPS ($0.04) vs $0.04; Adj. EBITDA $36.5M (ex-insurance +42.6% vs prior year).
- Repurchased 5.1M shares (7.5% of common) at avg $3.34; cash $217.3M; $110M revolver undrawn.
- Acquired Lodestone Events for $9.5M initial cash; FY guidance unchanged: >$400M revenue and >$100M Adj. EBITDA.