Viad Corp ((PRSU)) has held its Q3 earnings call. Read on for the main highlights of the call.
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The recent earnings call for Viad Corp showcased a robust and optimistic outlook, marked by record-breaking results and an upward revision of guidance for the year. The company expressed confidence in its strategic investments and expansion plans, which are expected to drive sustained growth. While acknowledging potential risks such as weather disruptions and the timelines of long-term projects, the overall sentiment was strongly positive.
Record-Breaking Third Quarter Revenue
Pursuit, a division of Viad Corp, reported a record third quarter with total revenue of $241 million, representing a 32% increase year-over-year. This impressive growth was attributed to a strong recovery in Jasper and robust demand across various geographies, underscoring the company’s successful market strategies.
Increased Full Year 2025 Guidance
The company has raised its full year 2025 adjusted EBITDA guidance by $6 million at the midpoint, now projecting it to be between $116 million and $122 million. This upward revision reflects the company’s confidence in its financial performance and future prospects.
Strong Adjusted EBITDA Growth
Viad Corp’s adjusted EBITDA saw a significant increase of $34.4 million or 41.5% year-over-year, reaching $117.4 million. This growth highlights the company’s effective revenue strategies and strong cost management practices.
Expansion and Investment Strategy
Pursuit is actively investing in organic growth and acquisitions, with a robust pipeline of $250 million earmarked for refresh and build opportunities over the next six years. This strategic approach aims to enhance the company’s competitive position and drive long-term growth.
Successful Integration of Tabacon Acquisition
The integration of Tabacon, a premier destination in Costa Rica, has been successful, contributing $6.3 million in revenue for the quarter. This acquisition is expected to further bolster Pursuit’s growth trajectory.
Potential Impact of Weather Disruptions
While weather-related disruptions were minimal in 2025, the company remains vigilant about this risk factor, which could impact future operations. This acknowledgment underscores the importance of risk management in Pursuit’s strategic planning.
Long-Term Multiyear Project Timelines
Large-scale projects such as the Jasper SkyTram and Grouse Mountain Lodge renovations are multiyear endeavors. These projects could lead to temporary disruptions, necessitating careful management to ensure successful completion.
Forward-Looking Guidance
During the earnings call, Pursuit provided updated guidance, highlighting its record-breaking third quarter performance. The company raised its full-year 2025 adjusted EBITDA guidance, now expecting it to be in the range of $116 million to $122 million. Pursuit’s strategic “Refresh, Build, Buy” approach, supported by a strong balance sheet, reflects its confidence in maintaining momentum and delivering long-term value.
In summary, Viad Corp’s earnings call conveyed a positive sentiment with record-breaking results and an optimistic outlook for the future. The company’s strategic investments and expansion plans are poised to drive sustained growth, despite potential risks. Investors and stakeholders can look forward to continued strong performance and value creation.