TORONTO, Ontario (BRAIN) — Emerald Expositions recorded revenue of $128 million in its first quarter this year, a 6 percent increase over last year. The company said the increase was due to acquisitions and organic growth.
Emerald owns and operates Interbike and the Outdoor Retailer show. Emerald also owns Bicycle Retailer & Industry News, which is operated by NBDA Services. Emerald is part of Onex Corp., a Toronto-based private equity firm. Onex released its Q1 earnings report on Friday.
According to the Onex report, Emerald's cost of sales was $32 million during the three months that ended March 31, down about $2 million from the same period in 2015. Gross profit increased by $9 million, or 10 percent, to $96 million compared with the same period in 2015 primarily due to the growth in revenue.
Emerald Expositions produces more than 50 trade shows and over 100 face-to-face events including conferences, summits and other events.
Overall Onex revenue increased by 21 percent to nearly $5 billion in the quarter. Onex reported a consolidated net loss of $175 million, compared with $84 million in the same quarter of 2015.
More information: Onex Q1 report.
