earnings
confidence high
sentiment negative
materiality 0.75
Emerald Q3 net loss $11.1M; organic revenue down 5.3%; discontinues 20 events
Emerald Holding, Inc.
2024-Q3 EPS reported
-$0.11
revenue$292,000,000
- Revenues $72.6M flat YoY; organic revenues $58.7M down 5.3%.
- Net loss $11.1M vs net income $10.7M in Q3 2023; Adjusted EBITDA $12.5M up from $10.8M.
- Discontinued 20 smaller unprofitable events with $20M run-rate revenue for portfolio optimization.
- FY 2024 guidance: revenue at least $400M, Adjusted EBITDA at least $100M (updated).
- Board expanded share repurchase program to $25M through Dec 2025; Q4 dividend $0.015/share.