In This Article:
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Total Revenue: $147.7 million, up from $133.4 million in the prior year quarter.
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Organic Revenue Growth: Increased 5.6% year over year to $139.2 million.
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Adjusted EBITDA: $53.6 million, up 34.7% from $39.8 million in the prior year period.
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Adjusted EBITDA Margin: Approximately 36.3% for the quarter.
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SG&A Expenses: $54.1 million, down from $55.5 million in the prior year quarter.
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Free Cash Flow: $10.8 million, excluding event cancellation insurance, compared to $3.8 million in the prior year period.
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Cash Balance: $276.8 million as of March 31, 2025, up from $194.8 million as of December 31, 2024.
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Share Buyback: Approximately 2 million shares repurchased for $8.8 million at an average price of $4.33 per share.
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Quarterly Dividend: $0.015 per share.
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2025 Revenue Guidance: $450 million to $460 million.
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2025 Adjusted EBITDA Guidance: $120 million to $125 million.
Release Date: May 01, 2025
For the complete transcript of the earnings call, please refer to the full earnings call transcript.
Positive Points
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Emerald Holding Inc (NYSE:EEX) reported double-digit growth in revenue and adjusted EBITDA for the first quarter of 2025.
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The company's refined portfolio spans high-growth sectors, reducing reliance on slower growth verticals and enhancing resilience.
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Emerald Holding Inc (NYSE:EEX) is seeing increasing rebook rates for Q1 2026, reflecting customer trust and ongoing ROI from their events.
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The company has successfully executed a refinancing of its existing debt, enhancing financial flexibility with no significant maturity due until 2030.
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Emerald Holding Inc (NYSE:EEX) has a strong cash position with $276.8 million as of March 31, 2025, supporting strategic investments and growth opportunities.
Negative Points
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Emerald Holding Inc (NYSE:EEX) is experiencing pressure on sales efforts with customers in China and Canada due to global trade tensions.
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The company is facing declines in international attendance from China and Canada, impacting revenue from these regions.
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There are ongoing challenges from shifting consumer sentiments and global economic pressures that could influence the company's trajectory.
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Emerald Holding Inc (NYSE:EEX) has limited international exposure, which could restrict growth opportunities in global markets.
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The integration of recent acquisitions, such as Insurtech Insights and This Is Beyond, presents potential challenges in achieving expected synergies and growth.
Q & A Highlights
Q: Can you provide an update on international attendance and how it aligns with your guidance, considering potential trade war impacts? A: Herve Sedky, President and CEO, stated that they are seeing the expected declines in international attendance from China and Canada. However, they are offsetting this with increased attendance and sales from countries like Turkey, UAE, and Brazil. The initial guidance already accounted for these declines, and the company remains confident in its ability to meet its full-year guidance.