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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