Fri, May 2, 8:02 PM (9 days ago)
**Emerald Holding, Inc. (EEX) Q1 2025 Financial Summary** **Financial Health & Performance:** - **Revenue:** $147.7 million, up 10.7% YoY. - **Net Income:** $15.3 million, a 39.1% increase from Q1 2024. - **Operating Income:** $35.8 million, up 47.3% YoY. - **Adjusted EBITDA:** $53.6 million, a 31.4% increase from Q1 2024. - **Free Cash Flow:** $10.8 million, up 125% YoY. **Profit Margins:** - **Operating Margin:** 24.2%, up from 18.2% in Q1 2024. - **Net Margin:** 10.4%, up from 8.3% in Q1 2024. **Cash Flow:** - **Operating Cash Flow:** $12.6 million, up from $7.3 million in Q1 2024. - **Investing Cash Flow:** -$21.4 million, primarily due to acquisitions. - **Financing Cash Flow:** $90.8 million, driven by debt refinancing. **Earnings Changes:** - **EPS (Basic):** $0.08, up from $0.00 in Q1 2024. - **EPS (Diluted):** $0.08, up from $0.00 in Q1 2024. **Segment Performance:** - **Connections Segment (93.6% of revenue):** Revenue up 12.1% YoY, driven by organic growth and acquisitions. - **All Other Category (6.4% of revenue):** Revenue down 6.0% YoY, primarily due to lower content revenues. **Trends & Uncertainties:** - **Organic Revenue Growth:** 5.6% YoY, driven by recurring revenues and new event launches. - **Acquisitions:** Completed acquisition of Insurtech Insights for $25.2 million. - **Debt Refinancing:** Completed refinancing of $515 million term loan facility. - **Dividends:** Declared a dividend of $0.015 per share for Q2 2025. - **Share Repurchases:** Repurchased $8.8 million of common stock in Q1 2025. **Future Operations Impact:** - **Acquisitions:** Plans to continue strategic acquisitions to enhance portfolio. - **Debt Management:** Committed to maintaining a strong capital structure. - **Dividends & Share Repurchases:** Intends to continue returning capital to shareholders. **Risks:** - Event cancellations or interruptions due to natural disasters or communicable diseases. - Economic conditions and inflationary pressures. - Competition and market fragmentation. - Dependence on key trade shows for revenue.