The following is a summary of the Emerald Holding, Inc. (EEX) Q1 2024 Earnings Call Transcript:

Financial Performance:

• Emerald Holding reported Q1 2024 total revenue of $133.4 million, up from $122.3 million the previous year, primarily due to organic revenue growth and minor contribution from acquisitions.

• Q1 2024 organic revenue for the connection segment rose by $13.6 million or 13% compared to the same period the previous year.

• Adjusted EBITDA excluding insurance proceeds grew by 9% to $39.8 million.

• The company had a net debt of $225.4 million, and finished March 31, 2024, with total liquidity of $296.8 million.

Business Progress:

• Emerald successfully hosted shows with record attendance in some of their strongest categories.

• The company launched the Small Business Exchange with over 400,000 subscribers in a few months.

• Emerald is developing their commerce business with Elastic Suite, a software for wholesale e-commerce transactions.

• The company reported successful implementation of on-site prebookings at trade shows, selling exhibitor space into 2025.

• The company separated their content business from the trade show business, hired expert leadership, made infrastructure investments, and began to expand its commerce business into new verticals.

• Emerald now focuses on increasing the adoption and usage of their matchmaking tools and lead sharing solutions at trade shows.

More details: Emerald IR

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