VIAD Corp Files Q2 2024 10-Q

TL;DR

VIAD Corp's Q2 2024 10-Q is in. Check financials.

AI Summary

VIAD Corp filed its 10-Q for the period ending June 30, 2024, reporting on its financial performance. The company, headquartered in Scottsdale, AZ, is involved in business services. Key financial data and operational details for the second quarter of 2024 are presented in this filing.

Why It Matters

This filing provides investors with an update on VIAD Corp's financial health and operational performance for the second quarter of 2024, influencing investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly filing providing standard financial disclosures.

Key Numbers

• 7000 E. 1ST AVENUE — Business Address (VIAD Corp's primary business location)
• (602) 207-1000 — Business Phone (VIAD Corp's contact number)

Key Players & Entities

• VIAD CORP (company) — Filer
• 20240630 (date) — Reporting Period End Date
• 20240807 (date) — Filing Date
• SCOTTSDALE, AZ (location) — Company Headquarters

FAQ

Key Financial Figures

• $1.50 — nge on which registered Common Stock, $1.50 Par Value VVI New York Stock Exchan

Filing Documents

• vvi-20240630.htm (10-Q) — 4070KB
• vvi-ex10_1.htm (EX-10.1) — 1106KB
• vvi-ex31_1.htm (EX-31.1) — 10KB
• vvi-ex31_2.htm (EX-31.2) — 10KB
• vvi-ex32_1.htm (EX-32.1) — 12KB
• img215949191_0.jpg (GRAPHIC) — 11KB
• 0000950170-24-092988.txt ( ) — 19547KB
• vvi-20240630.xsd (EX-101.SCH) — 2292KB
• vvi-20240630_htm.xml (XML) — 4185KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION Item 1.

Financial Statements

Financial Statements 1 Condensed Consolidated Balance Sheets as of June 30, 2024 and December 31, 2023 1 Condensed Consolidated Statements of Operations for the Three and Six Months Ended June 30, 2024 and 2023 2 Condensed Consolidated Statements of Comprehensive Income (Loss) for the Three and Six Months Ended June 30, 2024 and 2023 3 Condensed Consolidated Statements of Stockholders' Equity and Mezzanine Equity for the Three Months Ended March 31 and June 30, 2024 and 2023 4 Condensed Consolidated Statements of Cash Flows for the Six Months Ended June 30, 2024 and 2023 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.

Management's Discussion and Analysis of Financial Condition and Results of Operations

Management's Discussion and Analysis of Financial Condition and Results of Operations 29 Item 3.

Quantitative and Qualitative Disclosures About Market Risk

Quantitative and Qualitative Disclosures About Market Risk 36 Item 4.

Controls and Procedures

Controls and Procedures 37

- OTHER INFORMATION

PART II - OTHER INFORMATION Item 1.

Legal Proceedings

Legal Proceedings 38 Item 1A.

Risk Factors

Risk Factors 38 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 38 Item 5. Other Information 39 Item 6. Exhibits 40

SIGNATURES

SIGNATURES 41 In this report, for periods presented, "we," "us," "our," "the Company," and "Viad Corp" refer to Viad Corp and its subsidiaries.

- FINANCI AL INFORMATION

PART I - FINANCI AL INFORMATION

Financi al Statements

Item 1. Financi al Statements VIAD CORP CONDENSED CONSOLIDA TED BALANCE SHEETS (Unaudited) June 30, December 31, (in thousands, except share data) 2024 2023 Assets Current assets Cash and cash equivalents $ 59,381 $ 52,704 Accounts receivable, net of allowances of $ 2,552 and $ 2,901 , respectively 185,881 128,019 Inventories 15,112 10,153 Current contract costs 32,386 20,202 Prepaid insurance 10,691 2,925 Other current assets 27,408 21,774 Total current assets 330,859 235,777 Property and equipment, net 595,072 592,891 Other investments and assets 18,988 17,047 Operating lease right-of-use assets 102,997 109,774 Deferred income taxes 1,777 1,930 Goodwill 120,684 123,906 Other intangible assets, net 53,024 55,997 Total Assets $ 1,223,401 $ 1,137,322 Liabilities, Mezzanine Equity, and Stockholders' Equity Current liabilities Accounts payable $ 110,551 $ 77,405 Contract liabilities 82,955 52,980 Accrued compensation 26,749 31,309 Operating lease obligations 17,326 17,334 Other current liabilities 58,373 42,397 Current portion of debt and finance obligations 12,948 8,371 Total current liabilities 308,902 229,796 Long-term debt and finance obligations 469,348 444,304 Pension and postretirement benefits 16,072 16,457 Long-term operating lease obligations 99,456 106,109 Other deferred items and liabilities 66,857 70,711 Total liabilities 960,635 867,377 Commitments and contingencies Convertible Series A Preferred Stock, $ 0.01 par value, 180,000 shares authorized, 135,000 shares issued and outstanding 132,591 132,591 Redeemable noncontrolling interest 4,199 4,733 Stockholders' equity Viad Corp stockholders' equity: Common stock, $ 1.50 par value, 200,000,000 shares authorized, 24,934,981 shares issued and outstanding 37,402 37,402 Additional capital 569,

View Full Filing

View this 10-Q filing on SEC EDGAR