This Just In
  • Informa has reportedly struck a deal to acquire UBM for about $5.2 billion. Informa has until Feb. 13 to produce the formal offer.
  • Visit Indy says Indianapolis will not expand the Indiana Convention Center but will pursue plans for a new hotel with a ballroom next door.
  • The RV Industry Association has pulled the plug on the National RV Trade Show and will launch a new event with a refined focus in 2019.
  • Organizers of the Fresno Food Expo renewed their registration contract with CompuSystems for the July event.
  • Hannover Fairs USA will launch the DOMOTEX USA floor-coverings show Feb. 28-March 2, 2019, at the Georgia World Congress Center in Atlanta.
  • RSAV has acquired Lanham, Md.-based Hargrove, Inc, expanding PSAV’s presence in the trade show industry. The power outage that disrupted CES
  • Groundbreaking for Phase II of the Las Vegas Convention Center expansion took place Jan. 8, adding about 1.4 million square feet by 2021.
  • CES set a new show record of 2.75 million nsf of exhibit space when it opened Jan. 9, topping the 2017 record
  • Visit KC is looking for a new President and CEO because Ronnie Burt will step down Jan. 31 after settlement of a lawsuit.

GES Delivers In-Line Results Against Third-Quarter Revenue Decline

Sandi Cain
, News Editor
October 27, 2017
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Phoenix — Viad Corp., parent company of Las Vegas-based GES, this week reported third quarter revenue of $339.1 million, an 11.3% year-over-year decrease. GES revenue of $232.1 million was down 19.1% year-over-year, which was mostly attributed to negative show rotation for GES, which provides general contracting services to some trade shows that are not held annually. 

This year, the third quarter also was impacted by one event that changed venues, reducing the need for services previously anticipated. When adjusted to exclude the relocated event, U.S.-based same-show growth was 4.2% for the third quarter. In addition, the first-quarter acquisition of the Poken event visitor engagement technology in March helped contribute to additional revenue of $13.1 million. 

GES delivered year-over-year revenue growth of 7.6% and a 90 basis point improvement in adjusted EBITDA during the first nine months of 2017. 

Viad President and CEO Steve Moster — who also is President of GES — said the GES results were in line with expectations. “Overall, 2017 is shaping up to be a strong year of profitable growth for Viad and continued progress against our strategic goals,” Moster said in a release announcing the third-quarter results. 

Moster cited GES’s acquisition of ON Services and Poken as positives for the company, contributing revenue of $19.2 million during the third quarter of 2017 compared to $10.4 million from a partial quarter with ON Services in the third quarter of 2016.

Reach Steve Moster at (602) 207-1010 or smoster@ges.com

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