Viad Corp (VVI) Q3 2024 Earnings Call Transcript Summary
Viad Corp (VVI) Q3 2024 Earnings Call Transcript Summary
Adjusted net income improved by $16.5 million, with GAAP basis net income of $48.6 million.The following is a summary of the Viad Corp (VVI) Q3 2024 Earnings Call Transcript:
以下是Viad Corp (VVI) 2024年第三季度業績會文本摘要:
Financial Performance:
財務業績:
Revenue of $455.7 million increased 25% year-over-year.
Consolidated adjusted EBITDA of $103.1 million, up by $16.9 million.
Adjusted net income improved by $16.5 million, with GAAP basis net income of $48.6 million.
Cash from operations was $110 million, with $15 million spent on capital expenditures and $94 million of debt repaid.
Total liquidity at nearly $230 million with no borrowings on the revolver.
營業收入爲45570萬美元，同比增長25%。
調整後的EBITDA爲10310萬美元，比上年增加了1690萬美元。
調整後的淨利潤提高了1650萬美元，按照GAAP基礎，淨利潤爲4860萬美元。
經營活動現金流爲11000萬美元，其中1500萬美元用於資本支出，還償債務9400萬美元。
總流動性接近23000萬美元，在循環貸款中沒有借款。
Business Progress:
業務進展:
Strong quarterly performance by Pursuit and GES with notable revenue growth and margin improvement.
Completed a $15.9 million tuck-in acquisition for Pursuits Glacier Park Collection.
Sale of GES expected to finalize by the end of the year, transitioning Pursuit to a standalone entity focused on high growth and margins.
Plans for significant organic growth and additional acquisitions to enhance Pursuit's offerings further.
Pursuit和GES取得了強勁的季度表現，營業收入和利潤率均有顯著增長。
爲Pursuits Glacier Park Collection完成了一項價值1590萬美元的小規模收購。
預計GES的出售將在年底前敲定，將Pursuit轉變爲一個專注於高增長和利潤率的獨立實體。
計劃實現顯著的有機增長，並進行額外收購以進一步提升Pursuit的產品。
Opportunities:
機會：
Expansion through the tuck-in acquisition enhances Pursuit's operations within Glacier National Park.
Anticipated compression in the market should boost occupancy and rates, with an expected strong demand rebound.
通過小規模收購，在Glacier National Park內拓展Pursuit的業務。
市場預期的良好回暖應促使入住率和價格上漲，預計需求將強勁反彈。
Risks:
風險：
Wildfire activities led to a significant downturn in revenue at Jasper National Park, indicating vulnerability to environmental risks and potential operational disruptions.
森林火災活動導致賈斯珀國家公園的營業收入顯着下降，表明對環保母基風險和潛在運營中斷的脆弱性。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
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譯文內容由第三人軟體翻譯。
