secwatch.observer — SEC 8-K summary
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Issuer:     Pursuit Attractions & Hospitality, Inc. (PRSU)
CIK:        0000884219
Form:       8-K
Filed at:   2025-03-11T23:59:59+00:00
Accession:  0000950170-25-037140
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Pursuit completes GES sale for $535M; guides 2025 adjusted EBITDA $98-108M
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- Q4 revenue $45.8M (+8.5% YoY); full-year revenue $366.5M (+4.6%); net loss from continuing ops of $57.1M.
- Completed sale of GES on Dec 31, 2024 for $535M; gain of $421.9M in discontinued ops.
- Net leverage near zero after repaying $318M Term Loan B and $75M revolver; new $200M revolver undrawn.
- 2025 guidance: revenue up low double-digits; adjusted EBITDA $98-108M vs 2024 actual $77.1M.
- Growth capex of $38-43M in 2025 includes Forest Park Hotel refresh and tuck-in acquisitions.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/884219/000095017025037140/0000950170-25-037140-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/884219/000095017025037140/prsu-20250311.htm
  HTML page:      https://secwatch.observer/filing/0000950170-25-037140

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer