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Mar 31, 2024
MotiTest Q1 2024 Earnings Report
Viad Corp delivered solid first quarter results, with Pursuit's revenue growth driven by strong attractions performance and GES driving margin expansion with healthy revenue growth.
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.
Forward Guidance
Viad Corp anticipates strong full-year growth, maintaining its outlook for consolidated adjusted EBITDA growth of approximately 16% to 30% in 2024.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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