earnings
confidence high
sentiment positive
materiality 0.75
Emerald Q1 revenue $98.5M, net income $22.6M; guides FY22 revenue >$300M, Adj EBITDA >$50M
Emerald Holding, Inc.
2022-Q1 EPS reported
$0.07
revenue$98,500,000
- Revenue $98.5M (+663.6% YoY); net income $22.6M vs loss $15.3M; diluted EPS $0.07 vs ($0.33).
- Adjusted EBITDA $54.4M vs ($2.5M); free cash flow $29.8M vs $0.6M.
- Received $28.8M in event cancellation insurance proceeds during Q1; total claims submitted $347.5M, paid $213.1M to date.
- Repurchased 0.3M shares at avg $3.63; cash $254.4M at quarter end; $110M revolver undrawn.
- FY22 guidance: revenue >$300M, Adj EBITDA >$50M (ex insurance), free cash flow $70M.