Viad Corp. (VVI) Tops Q2 EPS by 34c

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July 30, 2015 4:42 PM EDT

Viad Corp. (NYSE: VVI) reported Q2 EPS of $1.18, $0.34 better than the analyst estimate of $0.84. Revenue for the quarter came in at $317 million versus the consensus estimate of $296.36 million.

2015 Third Quarter Guidance

2015 Guidance

2014

Low End

High End

FX Impact(2)

$ in millions, except per share amounts

Revenue:

M&E

$226.7

$175.0

to

$185.0

$ (5)

T&R

73.1

68.0

to

73.0

(8)

Adjusted Segment Operating Income (Loss)(1):

M&E

$ 2.4

$ (18.5)

to

$ (16.0)

$ 0.5

T&R

30.6

29.5

to

31.5

(4.0)

Income per Share Before Other Items(1)

$ 1.11

$ 0.25

to

$ 0.35

$(0.12)

(1)

See Table Two of this press release for discussion of these non-GAAP measures.

(2)

FX Impact represents the expected effect of year-over-year changes in exchange rates that is incorporated in the low end and high end guidance ranges presented.

  • The decrease in M&E is expected to be driven by negative show rotation and unfavorable exchange rate variances. The 2014 acquisitions are expected to contribute approximately $9 million to $11 million in revenue and $3 million to $3.5 million in adjusted segment operating loss, reflecting a seasonally slow quarter. During the 2014 quarter, Blitz (acquired September 16, 2014) contributed revenue of $1.9 million and adjusted segment operating income of $0.5 million.
  • Excluding unfavorable exchange rate variances, T&R revenue and operating income are expected to be stronger than the prior year quarter, reflecting continued organic growth.

For earnings history and earnings-related data on Viad Corp. (VVI) click here.


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