Earnings Call Summary | Viad(VVI.US) Q1 2024 Earnings Conference
Earnings Call Summary | Viad(VVI.US) Q1 2024 Earnings Conference
The following is a summary of the Viad Corp (VVI) Q1 2024 Earnings Call Transcript:
以下是维亚德公司(VVI)2024年第一季度财报电话会议记录的摘要:
Financial Performance:
财务业绩:
Viad Corp reported a Q1 revenue increase of $12.7 million (4.9% YoY) with growth at both Pursuit and GES.
The company's adjusted EBITDA increased by $0.9 million, indicating improved operations.
Despite the revenue increase, the GAAP net loss was higher by $4.2 million due to non-operational items and income tax expense.
Liquidity at the end of the quarter stood at $137.2 million, including cash of $48.8 million and available credit facility of $88.4 million. Debt stood at $488.4 million.
Viad Corp has managed to reduce its borrowing rate by 75 basis points, an action set to reduce its annual interest cost by over $2.5 million.
维亚德公司报告称,第一季度收入增长1,270万美元(同比增长4.9%),Pursuit和GES均实现增长。
该公司调整后的息税折旧摊销前利润增加了90万美元,表明运营有所改善。
尽管收入增加,但由于非运营项目和所得税支出,GAAP净亏损增加了420万美元。
本季度末的流动性为1.372亿美元,其中包括4,880万美元的现金和8,840万美元的可用信贷额度。债务为4.884亿美元。
Viad Corp设法将其借款利率降低了75个基点,该行动将使其年度利息成本减少超过250万美元。
Business Progress:
业务进展:
Both Pursuit and GES segments performed strongly, registering significant growth.
New client wins for GES since launching and strong operating cash flow expectations highlight a positive outlook.
Ongoing efforts to improve margin at GES resulted in an 8% adjusted EBITDA margin for Q1, up by 70 basis points YoY.
Performance improvements in Las Vegas and the successful launch of FlyOver Chicago highlight operational progress.
The launch of FlyOver Chicago and significant advanced demand for products indicate promising revenue streams.
The increase in Iceland's airlift from Western Europe and North America reveals a potential expansion of services.
The company expects strong growth in the future backed by a major pipeline of opportunities within iconic locations.
Pursuit和GES板块均表现强劲,实现了显著增长。
自成立以来,GES赢得了新客户,强劲的运营现金流预期凸显了乐观的前景。
GES持续努力提高利润率,使第一季度调整后的息税折旧摊销前利润率达到8%,同比增长70个基点。
拉斯维加斯的性能改善和芝加哥FlyOver的成功启动凸显了运营进展。
FlyOver Chicago的推出以及对产品的巨大增长需求表明了良好的收入来源。
冰岛从西欧和北美空运的增加表明了服务扩张的潜力。
该公司预计,在标志性地点的大量机会的支持下,未来将实现强劲增长。
More details: Viad IR
更多详情: Viad IR
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