Viad Corp. (VVI) Misses Q4 EPS by 2c
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Revenue Growth %: +3.3%
Financial Fact:
Restructuring charges: 1.7M
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Viad Corp. (NYSE: VVI) reported Q4 EPS of ($0.04), $0.02 worse than the analyst estimate of ($0.02). Revenue for the quarter came in at $251.7 million versus the consensus estimate of $243.37 million.
Consolidated revenue is expected to increase at a mid to high-single digit rate from 2015 full year revenue, driven by positive show rotation of $50 million to $55 million and continued underlying growth at M&E, partially offset by unfavorable currency translation of approximately $25 million.
Consolidated adjusted segment EBITDA(1) is expected to be in the range of $111 million to $116 million, as compared to $90.6 million in 2015.
The outlook for Viad's business units is as follows:
M&E | T&R | ||
$ in millions | |||
Revenue | Up high-single digits from 2015 ($976.9) | Down low-single digits from 2015 ($112.2) | |
Adjusted Segment EBITDA(1) | $77 to $80 (vs. $54.8 in 2015) | $34 to $36 (vs. $35.8 in 2015) | |
Depreciation & Amortization | $25 to $27 | $9 to $10 | |
Adjusted Operating Income(1, 2) | $51 to $54 (vs. $27.7 in 2015) | $24.5 to $26.5 (vs. $27.8 in 2015) | |
Capital Expenditures | $23 to $25 | $22 to $24 | |
(1) | See Table Two of this press release for discussion of these non-GAAP measures. |
For earnings history and earnings-related data on Viad Corp. (VVI) click here.
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