SAN JUAN CAPISTRANO, Calif. (BRAIN) — Darrell Denny is departing Emerald Expositions, where he has been an executive vice president overseeing the company's sports and e-commerce trade shows, including Outdoor Retailer and Interbike. Denny's last day at the company will be May 24.
"I appreciate the many years at Emerald and am thankful I got to work in markets I care about and with really smart, hardworking teammates. I am leaving with nothing but gratefulness and am excited about what I might do next," Denny told BRAIN on Thursday.
Denny was at Emerald (previously known as Neilsen Expositions) for 9 years. Before that he was with Penton Media and Miller Freeman. Denny announced the decision in November last year to cancel the 2019 Interbike. He later announced that Emerald would try to sell space to bike exhibitors at this fall's Outdoor Retailer show in Denver.
Emerald recently announced a 30% decline in net income in its first fiscal quarter, compared to the same quarter last year, and lowered its full year guidance. Revenues for the quarter were down 3.4% to $137.4 million compared to $142.2 million for first quarter of 2018. Net income was $26.5 million, compared to $38.1 million in the same period last year.
On an earnings call last week, Emerald's interim president and interim CEO Philip T. Evans said the outdoor industry is adapting to OR's new annual three-show cycle. Evans said Emerald's aggregate revenue for its two 2018-2019 winter shows was up more than 40% from the previous winter's single show revenue.
