Viad Corp. (VVI) Tops Q3 EPS by 6c, Offers FY Outlook

October 29, 2015 5:02 PM

Viad Corp. (NYSE: VVI) reported Q3 EPS of $0.37, $0.06 better than the analyst estimate of $0.31. Revenue for the quarter came in at $255.9 million versus the consensus estimate of $253.83 million.

2015 Full Year Guidance

Consolidated revenue is expected to be comparable to 2014 full year revenue, despite negative show rotation of approximately $70 million and unfavorable currency translation of approximately $40 million.
Consolidated adjusted segment EBITDA(1) is expected to be in the range of $87.5 million to $90.5 million, as compared to $91.3 million in 2014.
The outlook for Viad's business units is as follows:

	M&E	T&R
	$ in millions
Revenue	Up low-single digits from 2014 ($944.5)	Down mid-single digits from 2014 ($120.5)
Adjusted Segment EBITDA(1)	$53 to $55 (vs. $54.9 in 2014)	$34 to $36 (vs. $36.4 in 2014)
Depreciation & Amortization	$27 to $28	Approximately $8
Adjusted Operating Income(1)	$25.5 to $28 (vs. $32.5 in 2014)	$26 to $28 (vs. $28.1 in 2014)
Adjusted Operating Margin(1)	2.6% to 2.9%	Comparable to 2014 (23.3%)
Capital Expenditures	$15 to $17	$18 to $20

(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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Viad Corp. (VVI) Tops Q3 EPS by 6c, Offers FY Outlook

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