Emerald Holding, Inc. has recently released its 10-Q report, providing a detailed overview of its financial condition and operational performance for the quarter. The company operates business-to-business trade shows in the United States, providing B2B trade show franchises, print publications, digital media products, and e-commerce solutions to various industry sectors. Emerald's reportable segments include Connections (trade shows and live events), All Other (media platforms and e-commerce solutions), and Corporate-Level Activities.
In the recent quarter, Emerald declared a dividend of $0.015 per share, signaling a reintroduction of regular quarterly dividends. The company's focus on organic growth is evident, with a strategy to increase exhibitor and attendee participation at trade shows and provide year-round services that add value to customers. Additionally, Emerald has pursued strategic acquisitions, completing 27 acquisitions since 2013, with purchase prices ranging from approximately $1.0 million to $120.0 million.
The 10-Q report highlights several factors and trends affecting Emerald's business, including market fragmentation, economic environment and industry sector cyclicality, inflation and interest rates, and variability in quarterly results due to the seasonal nature of trade show revenues.
Key financial measures considered by Emerald include revenues, Organic revenue, cost of revenues, selling, general and administrative expenses, interest expense, depreciation and amortization, income taxes, Adjusted EBITDA, and Free Cash Flow. The company also provides a detailed explanation of Organic revenue, a non-GAAP financial measure used to evaluate underlying revenue trends.
The report also outlines the breakdown of cost of revenues, including decorating expenses, sponsorship costs, venue costs, and costs of other marketing services. Additionally, Emerald's Other Income primarily consists of event cancellation insurance claim and insurance litigation settlement proceeds.
The market has reacted to these announcements by moving the company's shares -1.7% to a price of $4.76. For the full picture, make sure to review Emerald's 10-Q report.
