Viad Corp (NYSE:VVI) Q1 2023 Earnings Conference Call May 4, 2023 5:00 PM ET
Company Participants
Carrie Long - Investor Relations
Steve Moster - President and Chief Executive Officer and President-GES
David Barry - President of Pursuit
Ellen Ingersoll - Chief financial Officer
Conference Call Participants
Kartik Mehta - Northcoast Research
Bryan Maher - B. Riley Securities
Tyler Batory - Oppenheimer
Barry Haimes - Sage Asset Management
Operator
Good afternoon. My name is Abbie, and I will be your conference operator today. At this time, I would like to welcome everyone to the Viad Corp's First Quarter 2023 Earnings Conference Call. [Operator Instructions]
Carrie Long, you may begin your conference.
Carrie Long
Good afternoon, and thank you for joining us for Viad's 2023 first quarter earnings conference call. We issued our earnings press release after market closed today, along with an earnings presentation both of which are available on our website at viad.com. We will be referencing specific pages from the presentation during the call as we discuss our business performance and outlook. I would also like to point out that our earnings press release and presentation contain important disclosures regarding non-GAAP measures that we will be referring during the call, including adjusted EBITDA and net income or loss before other items.
During the call, you will hear from Steve Moster, our President and CEO and President of GES; Ellen Ingersoll, our Chief Financial Officer; and David Barry, President of Pursuit.
Before turning the call over to Steve, I want to remind everyone that certain statements made during the call, which are not historical facts, may constitute forward-looking statements. Information concerning business and other risk factors that could cause actual results to materially differ from those in the forward-looking statements can be found in our annual, quarterly and other current reports filed with the SEC.
And with that, I will turn the call over to Steve to hit on some highlights of the quarter starting on page 4 of our presentation.
Steve Moster
Good afternoon, and thank you for joining us to review what was a very strong first quarter across our businesses. I'm very happy to report that both GES and Pursuit performed above the high end of our guidance ranges based on strong fundamentals in the businesses. We have strong momentum in each business heading into the rest of the year and we are raising our full year guidance. After nearly three years of travel restrictions we're seeing pent up demand for face-to-face corporate meetings, and a trend where consumers are prioritizing leisure travel. Every indicator I see at GES and Pursuit points to continued strength.