San Juan Capistrano, Calif. — Recently released fourth quarter results from Emerald Expositions show a 3.6% increase in revenues to $31.5 million and net income that rose to $40.3 compared to a net loss of $24.2 million for Q4 of 2016 thanks to a $52.1 tax credit spurred by a lower federal corporate tax rate that became effective Jan. 1, 2018. For all of 2017, revenues increased 5.6% to $341.7 million and net income by $59.6 million to $81.8 million. Operating activities brought a net cash increase of 19.1% to $110.8 million.
“We delivered solid growth in revenues, Adjusted EBITDA and Free Cash Flow in the fourth quarter of 2017,” said David Loechner, President and CEO of Emerald Expositions. “I was also pleased that, in late November, we were able to acquire the CPMG group of events, which is a company that we have long admired and which has demonstrated consistently strong organic growth over many years. CPMG brings a new and complementary set of event skills, technologies and capabilities to the Emerald portfolio.”
Reach David Loechner at David.Loechner@emeraldexpo.com or (949) 226-5700