Emerald Holding, Inc. (NYSE:EEX) Q1 2023 Earnings Conference Call May 3, 2023 8:30 AM ET
Company Participants
Hervé Sedky - President, Chief Executive Officer
David Doft - Chief Financial Officer
Conference Call Participants
Allen Klee - Maxim Group
Barton Crockett - Rosenblatt
Operator
Good morning, and welcome to the Emerald Holding, Inc., First Quarter 2023 Earnings Conference Call. At this time all lines are in listen-only mode. Following the presentation, we’ll conduct a question-and-answer session. [Operator Instructions].
Before we begin, let me remind everyone that this call will include certain statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. These include remarks about future expectations, beliefs, estimates, plans and prospects.
In particular, the company’s statements about projected results of 2023 are forward-looking statements. Such statements are subject to a variety of risks, uncertainties and other factors that could cause actual results to differ materially from those indicated or implied by such statements. Such risks and other factors are set forth in the company’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings.
The company does not undertake any duty to update such forward-looking statements. Additionally, during today’s call management will discuss non-GAAP measures, which it believes can be useful in evaluating the company’s performance. The presentation of the additional information should not be considered in isolation or as a substitute for results prepared in accordance with U.S. GAAP.
The reconciliation of these non-GAAP measures to the most comparable GAAP measure can be found in the company’s earnings release. As a reminder, this conference is being recorded and a replay of this call will be available on the Investors section of the company’s website through 11:59 p.m. Eastern Time on May 10. I would now like to turn the call over to Mr. Hervé Sedky, President and Chief Executive Officer. Sir, please go ahead.
Hervé Sedky
Well, thank you Colin and good morning everyone. It’s great to be with all of you today to discuss our first quarter results. I’ll start with an overview of the trends we’re seeing so far this year and then give an update on our growth strategy, focus on customer centricity, 365-day engagement and portfolio optimization. Then our CFO, David Doft, will provide more detail on the financials.
I’m extremely pleased with Emerald’s start to the year. Each quarter, we see more encouraging signs that the post-COVID recovery in live events is progressing at a rapid pace, putting us on track for another year of significant revenue and EBITDA growth. More importantly, this recovery still has plenty of room to play out. So we expect to see higher than historical growth into 2024 and beyond as we benefit from the return of international attendees and improvements in our customers supply chain, lead times in addition to the benefits of our strategic initiatives and investments.