Viad Corp Provides Update on Near-Term COVID-19 Impacts
Viad Corp (VVI)
Last viad corp earnings: 2/6 04:05 pm
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US:NYSE Investor Relations:
viad.com/investors/investor-center/default.aspx
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Source: Business Wire
Significantly heightened virus concerns drive near-term event postponements and cancellationsFirst quarter 2020 guidance reduced, and full year 2020 guidance withdrawn PHOENIX--(BUSINESS WIRE)--Viad Corp (NYSE: VVI) today announced that as a result of the current environment related to COVID-19, it has reduced first quarter 2020 guidance and withdrawn full-year 2020 guidance.Update HighlightsIn the first quarter of 2020, January and February performance was in-line with expectations.The Company’s GES business is being impacted by near-term event postponements and cancellations resulting from virus concerns, which to date, do not extend past June.Management had previously guided for incremental revenue of about $100 million at GES in 2020, largely resulting from three major non-annual events:CONEXPO-CON/AGG, which took place March 10 through March 13 in Las Vegas and exhibitor cancellations represented only 2.5% of the total square footage of the event.IMTS and MINExpo, which are sc
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VVI
Earnings
- 2/8/24 - Miss
VVI
Sec Filings
- 4/29/24 - Form 8-K
- 4/17/24 - Form 8-K
- 4/2/24 - Form ARS
- VVI's page on the SEC website