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Emerald Expositions sees 17% sales growth in Q1

Published May 5, 2023

NEW YORK (BRAIN) — Emerald Holding, Inc. had revenues of $122.3 million for the first quarter of 2023, an increase of 24.2% over the same period last year. Net income was $7.1 million for the quarter, compared to $16.1 million for the first quarter of 2022.

Emerald owns the Outdoor Retailer trade shows and Interbike; it also will produce its first Outdoor Adventure X consumer event, which will include bike and outdoor gear demos, in Utah next month. 

Emerald said "post-COVID recovery cycle" is driving growth. It staged 35 in-person trade shows, conferences and other events in the first quarter. It also acquired Lodestone Events, producer of the Overland Expo event series in January.

Hervé Sedky, Emerald's president and Chief Executive Officer, said, "Emerald is off to an excellent start in 2023, with strong demand from exhibitors and attendees, contributing to the ongoing rebound in live events. The business continues to benefit from strong post-COVID-19 tailwinds across our business that we expect to persist well beyond 2023. In addition, the work we've done to grow the business through strategic acquisitions, operational efficiencies, and product enhancements have made us both a larger and more dynamic organization. Notably, we have an exciting pipeline of new event launches that leverage our scale and expertise in must-attend live events and further our strategy of targeting new audiences in high-growth industries. Moving forward, we expect that our customers and shareholders alike will benefit from the new and improved Emerald as we continue to deliver premium marketing value to customers and attractive cash flow growth to investors."


Topics associated with this article: Earnings/Financial Reports

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