NYSE$PRSU

MotiTest · Q4 2023 earnings

Q4 2023 earnings · · Investor relations

Briefing

Reported strong fourth quarter and full year results, exceeding guidance.

Viad Corp reported strong Q4 and full year results, with revenue and adjusted EBITDA exceeding guidance. GES' results significantly surpassed expectations due to increased corporate client spending on high-margin experiential marketing services. Pursuit posted record revenue, driven by demand for attractions and hotels.

  • Pursuit delivered record results with 17% full year revenue growth and continued margin expansion.
  • GES substantially outperformed expectations with 7% full year revenue growth and healthy margins.
  • Consolidated revenue increased by 17.6% compared to Q4 2022.
  • Consolidated adjusted EBITDA increased by $16.5 million from the 2022 fourth quarter.

Headline financials

Total Revenue

$292M

Previous: $248M+17.6%
EPS (adj)

-$0.79

Previous: -$1.33+40.6%
Net Income

-$15.3M

Previous: -$6.84M-124.3%
Operating Income

$4.5M

Previous: -$11.3M+139.9%
Gross Profit

$4.5M

Previous: -$16.2M+127.7%
Stock-Based Comp

$2.81M

Previous: $2.24M+25.1%

Revenue & EPS history

MotiTest · Revenue · Quarterly

$292M

Q4 2023+17.6%vs Q4 2022
Beat estimate in 13 of 15 quarters(87%)
ActualEstimate

Forward guidance

Viad anticipates strong growth and margin improvement in 2024.

Tailwinds

  • FlyOver Chicago opens in March 2024
  • Strong demand for Pursuit’s iconic, unforgettable, inspiring experiences
  • Continued growth of international leisure travel
  • Major non-annual shows (~$65M of incremental revenue vs. 2023, primarily in the third quarter)
  • Strong demand for GES’ experiential marketing and exhibition management services

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 19 quarterly earnings reports · overlaid with Q4 2023

Historical avgQ4 2023

-0.0%

Avg return

Earnings day

+1.6%

Avg return

5 days after

+85.6%

Avg return

30 days after

42%

28 / 67 earnings

Positive

+19.6%

Q1 2023

Best reaction

-12.4%

Q3 2022

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.6%-0.1%
Q4 2025-4.5%+0.4%-3.4%
Q3 2025+0.0%-5.4%+9.0%
Q2 2025+16.5%+15.5%+23.4%
Q1 2025-2.5%+2.8%-4.2%
Q4 2024+5.0%+5.8%-14.7%
Q3 2024+3.7%+3.9%+3.0%
Q2 2024+6.6%+6.7%+9.3%
Q1 2024-0.2%+1.0%+2.0%
Q4 2023+2.2%+0.4%+13.3%
Q3 2023+15.3%+20.1%+39.6%
Q2 2023+2.1%+2.7%+4.0%
Q1 2023+19.6%+15.3%+32.7%
Q4 2022-9.8%-9.1%-23.5%
Q3 2022-12.4%-21.1%-15.4%
Q2 2022+10.8%+15.3%+9.3%
Q1 2022-9.6%-6.7%-2.2%
Q4 2021-7.7%-6.6%-16.5%
Q3 2021+6.4%+4.0%-8.3%
Q3 2026-1.0%+6.8%+2.3%
Q2 2021-2.3%+3.7%+0.3%
Q1 2021-5.4%+0.5%+3289.8%
Q4 2020-8.0%-7.8%+10.0%
Q3 2020+2.1%+2.5%+57.1%
Q2 2020+14.2%+24.7%+38.6%
Q1 2020+2.4%-15.9%-19.1%
Q4 2019-4.0%-6.8%-35.9%
Q3 2019-8.4%-9.8%-7.6%
Q2 2019-1.2%-2.0%-10.3%
Q1 2019+2.2%+3.1%+3.2%
Q4 2018+0.5%+2.6%-0.4%
Q3 2018-7.2%-6.2%-2.0%
Q2 2018+2.9%+2.8%+10.9%
Q1 2018-4.5%-6.5%-4.5%
Q4 2017-2.9%-6.0%+1.4%
Q3 2017-2.5%-5.0%-6.6%
Q2 2017+6.1%+10.4%+7.7%
Q1 2017-2.1%-1.5%-6.0%
Q4 2016+8.7%+8.2%+3.2%
Q3 2016+9.8%+11.4%+21.6%
Q2 2016+8.8%+11.2%+12.0%
Q1 2016-3.4%
Q4 2015-4.4%
Q3 2015-7.9%
Q2 2015+12.9%
Q1 2015-1.0%
Q4 2014-10.5%
Q3 2014+1.9%
Q2 2014+1.1%
Q1 2014+1.6%
Q4 2013-3.3%
Q3 2013+1.7%
Q2 2013-0.4%
Q1 2013-2.7%
Q4 2012-1.6%
Q3 2012-2.3%
Q2 2012+0.0%
Q1 2011-3.5%
Q1 2012+0.5%
Q4 2009-0.2%
Q4 2011-0.2%
Q3 2011-5.9%
Q3 2010-5.9%
Q2 2011-10.6%
Q4 2010-10.6%
Q2 2010+1.6%
Q1 2010-0.3%

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