Highest-materiality recent filing
Apollo funds complete acquisition of Emerald for $5.03/share; stock delisted from NYSE
Emerald stockholders receive $5.03 per share in cash; stock ceases trading on NYSE.
Paul Miller (Questex CEO) to lead combined Emerald/Questex; Sedky becomes advisor
Paul Miller, current Questex CEO, named CEO of combined Emerald/Questex effective upon deal close.
Michael Alicea, David Levin, and Emmanuelle Skala re-elected as Class III directors with >186M votes each.
Apollo Funds acquire Emerald (EEX) for $5.03/sh (42% premium); combine with Questex
Emerald stockholders to receive $5.03/sh cash, a 42.1% premium to unaffected price as of Dec 15, 2025.
Emerald Q4 rev $132.7M (+24% YoY), FY Adj EBITDA $127.1M (+25%); guides FY2026 rev $490-495M
FY2025 revenue $463.4M (+16.2% YoY); net loss $30.7M vs net income $2.2M prior year, due to contingent consideration remeasurement.
Emerald Holding begins strategic review after acquisition inquiries; reaffirms FY2025 guidance
Board evaluating strategic options after receiving multiple acquisition inquiries; Goldman Sachs lead advisor.
Q3 revenue $77.5M (+6.7% YoY); net loss $14.4M vs $11.1M loss prior year.
Emerald X refinances $515M term loans with lower interest margins; 25bps stepdown possible
New term loans bear Base+2.25% or Term SOFR+3.25%, down from prior margin; additional 25bps cut if Moody's rating B1 or better.
Emerald acquires Generis Group for ~$60M, adding 17 executive summits
Acquired 100% equity of Generis Group, a B2B executive summit leader, for approx. $60M plus contingent earn-outs.
Emerald Q2 revenue up 23% to $105.5M; Adj EBITDA up 60% to $24.4M; reaffirms FY guidance
Revenues $105.5M, +22.7% YoY; organic rev $80.2M, +0.4% (pro forma 4.6% including acquisitions).
Emerald Holding stockholders re-elect three Class II directors, ratify PwC as auditor
Directors Kosty Gilis, Todd Hyatt, and Lisa Klinger re-elected; Gilis had 187.2M for, 5.0M withheld.
Emerald Q1 revenue up 10.7% to $147.7M, Adj EBITDA up 31.4% to $53.6M; reaffirms FY guidance
Revenue $147.7M (+10.7% YoY); net income $15.3M ($0.08 diluted) vs $11.0M prior.
Full-year 2024 revenue $398.8M (+4.2% YoY); net income $2.2M vs. net loss $8.2M in 2023.
Emerald sets Q4/FY2024 results call for March 14, declares $0.015/share quarterly dividend
Q4 and full year 2024 results to be released before market open on March 14, 2025.
New agreement effective Jan 20, 2025, replaces prior arrangement via third-party PEO.
Emerald X (EEX) enters $515M term loan and $110M revolver to refinance existing debt
$515M senior secured term loan due Jan 2032; $110M revolver due Jan 2030.
Emerald Holding provides lender presentation for potential refinancing of credit facilities
Company is considering refinancing its existing senior secured credit facilities.
Emerald Q3 net loss $11.1M; organic revenue down 5.3%; discontinues 20 events
Revenues $72.6M flat YoY; organic revenues $58.7M down 5.3%.
Emerald Q2 2024: Revenue $86M (-0.6%), net loss narrows to $2.8M; initiates $0.015 dividend
Revenues $86.0M, down 0.6% YoY; organic revenues up 3.3% to $82.1M.
Stockholders re-elected Anthony Munk (40,250,304 for) and Hervé Sedky (41,453,970 for) as Class I directors.
Emerald Q1 revenue up 9.1% to $133.4M, net income $11.0M; reaffirms FY2024 guidance
Revenue $133.4M (+9.1% YoY); net income $11.0M vs $7.1M; adj. EBITDA $40.8M vs $36.5M.
Emerald Holding to convert all Series A Preferred into common on May 2; shares to more than triple
Mandatory conversion triggered by common stock closing above $6.16 for 20 consecutive trading days.
Emerald Holding declares $0.1207/sh Series A Preferred dividend for Q1 2024
Declared quarterly cash dividend of $0.120727177209119 per share on Series A Convertible Participating Preferred Stock.
Emerald reports FY2023 revenue $382.8M (+17.5%); guides FY2024 revenue $415-425M
Revenue $382.8M, up 17.5% YoY; organic revenue up 14.5% to $370.1M.
COO Brian Field departs, will provide transition services through April 13, 2024.
Emerald receives waiver for mandatory conversion of Series A Preferred without registration
OPV Aggregator waived Common Stock Liquidity Conditions for its Convertible Preferred shares for six months through Aug 13, 2024.
Emerald Q3 revenue up 16% to $72.5M; cuts FY guidance to $385-395M rev, $95-100M EBITDA
Revenue $72.5M (+16% YoY); Organic revenue $68.5M (+22%). Core trade show strong, content weak.
Emerald Q2 revenue $86.5M (+21% YoY); net loss $8.1M; reaffirms FY revenue >$400M
Revenue of $86.5M, up 21.1% YoY; Organic Revenue $79.2M, up 11.1%.
Emerald extends term loan maturity to 2026; rate jumps to SOFR+5%+0.10%
Maturity extended from May 2024 to May 2026 on ~$415M term loan.
Emerald extends term loan maturity to 2026, raises interest rate to SOFR+5.00%+0.10%
Extended term loan maturity from May 2024 to May 2026; $415M principal unchanged.
Emerald Holding stockholders approve all proposals at 2023 annual meeting
Elected Class III directors Michael Alicea and Emmanuelle Skala with 122.1M and 120.3M votes for, respectively.
Emerald Q1 revenue +24% to $122.3M, net income down 56%; reaffirms FY guidance >$400M revenue
Revenue $122.3M (+24.2% YoY); organic revenue +17.0% to $122.1M on strong trade show attendance.
Emerald reports FY22 revenue $325.9M (+124% YoY); guides FY23 revenue >$400M
FY22 revenue $325.9M (+124% YoY); net income $130.8M vs loss $79.7M in 2021.
Fifth Amendment to Amended and Restated Credit Agreement dated Feb 2, 2023.
Emerald X extends $100M revolver to 2026, prepays $100M term loans
Extended $100.375M revolver maturity to May 23, 2026; terminated remaining $9.625M revolver commitments.
Emerald Q3 organic rev +33.5% to $56.6M; net income $93M on $149M insurance settlement
Revenue $62.4M (-18.4% YoY) as prior year had COVID-postponed events; organic revenue $56.6M (+33.5%).
Emerald receives final $149.25M insurance litigation settlement, total $372.9M
Received $149.25M from insurance litigation settlement for canceled 2020/2021 events; $148.54M to be recognized as other income in Q3 2022.
Emerald Q2 rev $71.4M (+376% YoY); settles insurance litigation for $149.25M
Q2 revenue $71.4M, net loss $0.7M (vs $46.5M loss Q2'21); Adjusted EBITDA $15.6M.
Emerald Holding restates Q1 2022 financials; net income overstated by $6.5M
Net income overstated $6.5M due to failure to accrue $5.1M liability for insurance proceeds payable to third party.
Emerald releases investor presentation on event cancellation insurance claims status
Investor presentation covers current operations and status of claims under event cancellation insurance.
Emerald Holding reports 2022 annual meeting results; all director nominees elected
All three Class II director nominees (Kosty Gillis, Todd Hyatt, Lisa Klinger) elected; each received >126M votes for.
Emerald Q1 revenue $98.5M, net income $22.6M; guides FY22 revenue >$300M, Adj EBITDA >$50M
Revenue $98.5M (+663.6% YoY); net income $22.6M vs loss $15.3M; diluted EPS $0.07 vs ($0.33).
Emerald files MJBiz audited financials: $844K impairment, $8.1M owner distributions in 2020
Acquisition of MJBiz from Anne Holland Ventures closed Dec 31, 2021; audited FY2020 and FY2019 financials now filed.
Emerald reports FY2021 net loss of $78.1M; guides FY2022 revenue >$300M
Net loss improved to $78.1M from $633.6M in 2020; revenue $145.5M (+14.2%).
Emerald Holding EVP Eric Lisman to depart effective March 31, 2022
Eric Lisman, Executive Vice President, will leave Emerald Holding effective March 31, 2022.
Emerald acquires MJBiz for $120M; cannabis B2B platform with $27M revenue in 2021
Base purchase price of $120M in cash; potential earn-out based on 2022 EBITDA growth (9.3x multiple over $13M).
Emerald Holding grants CFO David Doft $600K special bonus with 3-year vesting
Special bonus of $600,000 to CFO David Doft, vests in three equal installments: Dec 1, 2021; Jan 1, 2023; Jan 1, 2024.
2020 annual and Q1-Q3 2020, Q1-Q2 2021 financials no longer reliable due to Series A Preferred Stock misclassification as permanent equity.
Emerald Q3 2021 revenue $76.5M, net loss $9M; restates historical financials
Revenue $76.5M vs $8.5M YoY; net loss $9.0M vs $15.3M; adjusted EBITDA $9.4M vs -$3.2M.
Emerald secures $59.8M additional interim insurance payment; total recoveries reach $184.5M
Insurers agreed to pay $59.8M interim: $16.8M for 2020 claims, $43M for 2021 claims.
Effective upon the closing of the Transaction, the Company’s President and Chief Executive Officer, Hervé Sedky, will transition from his current role to serve as a senior advisor to the combined company of Emerald and Questex, LLC (“Questex”)
Paul Miller, current Chief Executive Officer of Questex, will lead the combined company as Chief Executive Officer.
the Chief Operating Officer Brian Field and General Counsel Stacey Sayetta are departing the Company.
the Chief Operating Officer Brian Field and General Counsel Stacey Sayetta are departing the Company.
Emerald Holding, Inc. (the “ Company ”) announced today the departure of Executive Vice President Eric Lisman from the Company effective March 31, 2022.
Max materiality 1.00 · Median 0.70 · Most common event earnings