earnings
confidence high
sentiment positive
materiality 0.75
Viad Q3 revenue up 24.5% to $455.7M; raises GES EBITDA guidance; on track to close $535M GES sale by Dec 31
Pursuit Attractions & Hospitality, Inc.
2024-Q3 EPS reported
$1.67
revenue$1,107,739,000
- Revenue $455.7M (+24.5% YoY); net income $48.6M (+17.8%); adjusted diluted EPS $2.01 vs $1.49 YoY.
- Pursuit revenue ex-Jasper grew 13.1%; Jasper wildfire dragged reported Pursuit revenue down 2.5%.
- GES revenue surged 52.8% to $273.4M on major non-annual show timing; GES Adjusted EBITDA raised to $90-95M.
- Completed acquisition of Eddie’s Café & Mercantile in Glacier National Park, adding 6 high-end lodge units.
- Sale of GES for $535M expected to close Dec 31, 2024, transforming Viad into pure-play Pursuit.