Viad Corp. (VVI) Misses Q2 EPS

Viad Corp. (NYSE: VVI) reported Q2 EPS of ($2.18), $1.41 worse than the analyst estimate of ($0.77). Revenue for the quarter came in at $61.2 million versus the consensus estimate of $52.25 million.

Steve Moster, president and chief executive officer, commented, “We ended the second quarter in a solid liquidity position and are experiencing an acceleration of business activity at both Pursuit and GES. As the number of vaccinations increases and pandemic restrictions are lifted, we are seeing strong pent-up demand for leisure travel and the return of in-person events.”

Moster continued, “Our team has done a great job navigating the shifting challenges of the pandemic and positioning our businesses for greater success in the future. We have made structural changes to enhance the revenue mix and margin profile of GES, we have continued to pursue high-margin, high-return growth opportunities at Pursuit, and we recently refinanced our debt to enhance our financial flexibility. With the recovery of our industries underway and the additional flexibility provided by our new debt structure, we are even more excited about our company’s future.”

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

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