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Emerald Holding Inc.

As Economy Rebounds, Emerald Expo Books Strong Fiscal 1st Quarter Results

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2021 CEDIA Expo owned by Emerald Expositions
The 2021 CEDIA Expo, owned by Emerald Expositions [Click to enlarge]

Value of EEX Stock Increases Nearly 19% on the Announcement

Emerald Holding Inc., the parent company of Emerald Expositions, a division that owns the CEDIA Expo trade show and CEPro media, announced its results for the first quarter of its fiscal 2022 year today – and these results clearly showed a strong rebound from the last two COVID-19 impacted years. With both revenues and earnings showing substantial increases, Emerald’s President and CEO Hervé Sedkey stated that “…we are in the midst of a robust recovery.”

See more on the Emerald first quarter 2022 results

[Read more…] about As Economy Rebounds, Emerald Expo Books Strong Fiscal 1st Quarter Results

Emerald on the Road to Recovery as Live Events Restart, But It’s Bumpy

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Photo from CEDIA Expo 2021
CEDIA Expo 2021

Emerald Holding Inc., [NYSE:EEX] parent company to Emerald Expositions, which itself is the parent company of CEDIA Expo, and CE Pro (and other former EH Publishing properties) announced this morning their financial results for both their fourth quarter and full year, fiscal 2021. As the company has begun to restart their live in-person events, they reported a revenue gain over fiscal 2020 – a year of almost total lockdown and the absence of live events.

But the gain seems surprisingly small.

See more on Emerald’s results for fiscal 2021

[Read more…] about Emerald on the Road to Recovery as Live Events Restart, But It’s Bumpy

Emerald Says Fiscal ’21 Q3 Revenues Up & Losses Down as Live Shows Restart

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CEDIA Expo 2021 staged by Emerald

But Were Things as Rosy as Its Report Suggests?

Emerald Holding, Inc. [NYSE:EEX] (Emerald), formerly Emerald Expositions and owner of the CEDIA Expo and CE Pro, announced this week that, thanks to the restart of live events in the third quarter of fiscal 2021, they were able to see a substantial reduction in their net losses on a significant revenue gain as compared to the same quarter in 2020 – the year of COVID shutdowns. While the company is still battling its event cancellation insurance providers in a California court for reimbursement for past canceled and impacted events, they say that they see the road to recovery ahead.

See more on the Q3 announcements from Emerald

[Read more…] about Emerald Says Fiscal ’21 Q3 Revenues Up & Losses Down as Live Shows Restart

Still Sick with COVID, Emerald Says It Lost $46.5M in Fiscal 2nd Quarter

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CEDIA Expo 2019

On Eve of CEDIA Expo, Show Owner Admits Reduced Attendance at ‘Near-Term Events’

Emerald Holding, Inc. (NYSE:EEX), owner of the CEDIA Expo show, reported its results for the second quarter of fiscal 2021 confirming that the company lost $46.5 million in the quarter as it continues to struggle with the impact of COVID-19. Clearly, the pandemic slammed the live event and exposition industry and even as coronavirus begins to wane, the industry is finding it difficult to return to normal.

See more on the results for Emerald in the quarter

[Read more…] about Still Sick with COVID, Emerald Says It Lost $46.5M in Fiscal 2nd Quarter

Emerald Losses Continue in Fiscal 1st Quarter; Sues Insurance Providers

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CEDIA Expo 2019...owned by Emerald

Owner of CEDIA Expo & CE Pro Plan Return to Live Events in 2nd Half

Emerald Holding Inc. (NYSE:EEX), formerly Emerald Expositions Events Inc., the national B2B exposition company that owns the CEDIA Expo show as well as certain industry publications such as CE Pro, announced last week financial results for their fiscal first quarter. The news was bleak with a massive decline in revenues and a large net loss as the company is still suffering from the impact of the COVID-19 lockdowns.

Emerald made several other announcements as well. The company says it has acquired an online photography education business, and – perhaps more ominously – it has filed a lawsuit against their event cancellation insurance providers.

Learn more about the Emerald 1st quarter report…

[Read more…] about Emerald Losses Continue in Fiscal 1st Quarter; Sues Insurance Providers

CEDIA Expo & CE Pro Owner Emerald Expo Books $633.6 Million Net Loss

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Emerald Expositions logo

That an exposition company lost money in 2020 is not surprising. That an exposition company (Emerald) that has cancellation insurance to cover lost revenues on every show they own that was cancelled during the year – and still lost $633.6 million in fiscal 2020 – is surprising.

See the Details Behind This Big Loss at Emerald…

[Read more…] about CEDIA Expo & CE Pro Owner Emerald Expo Books $633.6 Million Net Loss

Despite 90 Virtual Events & $40M in Claims Income, Emerald Loses $22.3M

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Emerald Holding logo

Emerald Holding, Inc. (NYSE:EEX), formerly Emerald Expositions, reported their fiscal 2020 third quarter results this week and despite their best efforts to shift their business to online virtual conferences, the company reported revenues of just $8.5 million and generated a net loss of $22.3 million. This loss was even deeper than their loss of $19.7 million in the same quarter in 2019 which was well before the COVID-19 pandemic hit the U.S.

See more on the results for Emerald Holding this past fiscal quarter…

[Read more…] about Despite 90 Virtual Events & $40M in Claims Income, Emerald Loses $22.3M

Change of Strategy: Emerald Board Tells Company Managers to Buy Stock…Theirs

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Emerald Holding logo

Emerald Holding, Inc. (Formerly Emerald Expositions Events, Inc.) [NYSE: EEX], the company that owns the CEDIA Expo show and CE Pro, announced last week that its Board of Directors has authorized company managers to purchase up to $20 Million of Emerald’s stock in a share buyback program. As Strata-gee noted back in May in a report on the company’s large fiscal first quarter loss, this program had previously been suspended when cash had tightened up after the cancellation of their events due to COVID-19.

Now the company has been recapitalized, thanks to help from sugar daddy Onex who now owns more than 80% of the company, and – gosh – the stock is so darn cheap. Maybe now is the time to buy…

See more on this stock purchase by Emerald

[Read more…] about Change of Strategy: Emerald Board Tells Company Managers to Buy Stock…Theirs

Emerald Expo Says CEDIA Expo Virtual Registers 7,600; Claims Virtual Success

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CEDIA Expo Virtual logo

Emerald Expositions announced today that CEDIA Expo Virtual drew 7,600 trade professional registrations for their three day run from September 15-17, 2020. Although this figure is less than half the attendance at the live, in-person version, Emerald considers it a great success as an all-virtual event.

See more on the results for CEDIA Expo Virtual

[Read more…] about Emerald Expo Says CEDIA Expo Virtual Registers 7,600; Claims Virtual Success

A COVID Catastrophe – Emerald Reports 93% Drop in Q2 Revenues; Confirms Insurance Payments

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Emerald owns CEDIA expo

Owner of CEDIA Expo & CEPro Looks to Turn the Corner from COVID…Some Day

Emerald Holding Inc. (NYSE:EEX) – formerly Emerald Expositions Events, Inc. – released their fiscal 2020 second quarter results this week and it’s no surprise that they were brutal, as the company continues to find itself caught in a COVID catastrophe that is killing in-person events, like the very expositions they produce. With the second quarter covering the period of April – June, the previous peak of the pandemic’s infections and deaths (since exceeded), the company performance – as expected – was really challenged, with the bulk of their various trade shows and in-person events cancelled or postponed.

But the company did have one piece of good news…the insurance companies providing event cancellation insurance to the company have begun paying against their claims.

See an analysis of Q2 results for Emerald…

[Read more…] about A COVID Catastrophe – Emerald Reports 93% Drop in Q2 Revenues; Confirms Insurance Payments