MotiTest Q1 2024 Earnings Report
Key Takeaways
Viad Corp reported solid first-quarter results, meeting expectations with Pursuit's 14% revenue growth driven by attractions and GES delivering strong profitable growth and margin expansion. The company maintains a favorable full-year outlook with expected consolidated adjusted EBITDA growth.
Pursuit delivered 14% revenue growth, driven by strong attractions performance and the successful launch of the new FlyOver Chicago attraction.
GES drove margin expansion with healthy revenue growth.
Consolidated adjusted EBITDA increased by $0.9 million from the 2023 first quarter.
The company maintains its outlook for strong full-year growth as positive trends continue for both Pursuit and GES.
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Forward Guidance
Viad Corp anticipates strong full-year growth, maintaining its outlook for consolidated adjusted EBITDA growth of approximately 16% to 30% in 2024.