Emerald Expositions Events, Inc. (EEX) Reports In-Line Q4 EPS
Emerald Expositions Events, Inc. (NYSE: EEX) reported Q4 EPS of ($0.10), in-line with the analyst estimate of ($0.10). Revenue for the quarter came in at $44.9 million versus the consensus estimate of $45.39 million.
Brian Field, Emerald’s Interim President and Chief Executive Officer said, “The strategic plan we articulated during our last earnings call is well underway and our organic growth initiatives are taking root. As discussed previously, in 2020 we plan to implement these initiatives with a goal of returning to organic revenue and Adjusted EBITDA growth in 2021. Our team is energized to deliver outstanding experiences and value to our customers, while also driving improved future financial performance. I have not seen anything in my first eight months at Emerald that has changed my view regarding our ability to solve Emerald’s existing operational challenges.”
Emerald’s incoming Chief Financial Officer, David Doft added, “Since arriving at Emerald last month, I have confirmed what made me so excited about joining the Company in the first place – Emerald is a compelling business with a combination of strong brands, a motivated leadership team, and unique positioning within a growing segment of the marketing industry. I am looking forward to helping drive our team’s execution as we continue to aggressively implement our strategic initiatives designed to return our portfolio to growth. As I quickly get up to speed on the Company’s finances and operations, I expect to provide full year guidance on our first quarter earnings call when our expenses and investment spending come into better view.”
For earnings history and earnings-related data on Emerald Expositions Events, Inc. (EEX) click here.
