This Just In
  • The deadline for nominations for Trade Show Executive’s Trailblazers Awards has been extended to March 16. Got to TSE Events for info.
  • MAD Event Management to create a Shanghai show with Shanghai Exhibition Co. Ltd., and run the UAS for Disaster Response Conference in April.
  • The SHOT Show will remain at the Sands Expo in Las Vegas through 2027. The event has been at the venue for nine years.
  • SMG/Cobo Center in Detroit redesigned its exhibitor and services online system to simplify ordering for in-house and vendor event services.
  • A small fire in a booth at the counterculture Champs Trade Show Feb. 20 forced the temporary evacuation of the Las Vegas Convention Center.
  • The L.A. Convention Center is growing fruits, vegetables, and flowers on its rooftop. The 9,500-sf garden includes a row of orange trees.
  • GES launched its Measurement & Insight platform to analyze brand impact, customer retention and other metrics beyond orders booked and ROI.
  • After two decades helming AIME, Reed Exhibitions is relinquishing control of the event to Austrialian-owned Talk2 Media & Events for 2019.
  • Messe Frankfurt acquired the Thailand Lighting Fair and Thailand Building Fair. Messe has been with the shows since they launched in 2015.

Emerald Expositions Reports Third Quarter Financial Results

Sandi Cain
, News Editor
November 22, 2017
Share On:

San Juan Capistrano, Calif. — Emerald Expositions Events Inc. released its third quarter financial results in early November, showing a slight decrease in revenue to $100.4 million compared to $100.5 million for the same period last year.

Net income of $19.2 million in the third reporting quarter was up roughly 4.4% from $18.4 million for the same period in 2016. That increase was primarily attributed to a $5.2 million decrease in interest expense for the quarter.

The company said the flat results were primarily due to the impact of Hurricane Irma on the Surf Expo and ISS Orlando shows, both of which were forced to close two days early because of the hurricane. Those closures alone accounted for a $6.6 million reduction in revenue, though $6.5 million was recovered by event cancellation insurance, the company said.

Emerald President and CEO David Loechner noted that the majority of the booked revenue for these two shows was not reflected in the reported revenue for the quarter. If it had been possible to do so, third quarter revenue would have increased by roughly 6.5% year over year, he said.

Other revenue declines, discussed in the previous quarter earnings report, totaled roughly $8.4 million due to specific one-time situations surrounding the last-minute relocation of the Outdoor Retailer show from Salt Lake City to Denver, and a space crunch at the Javits Center in New York, which affected NY NOW.

Loechner also noted “strong contributions” of $13.7 million in revenue from acquisitions that closed in 2017 and late 2016 that helped offset the losses that resulted from Hurricane Irma. Those 2017 acquisitions included CEDIA Expo and the InterDrone show.

Loechner also noted in the earnings conference call that “M&A remains an important component of our growth strategy” and said the company is working on other opportunities. “We remain optimistic that we will close one or more transactions before year’s end,” he said. 

Reach David Loechner at (949) 226-5700 or david.loechner@emeraldexpo.com.

Share On: