Pursuit Attractions and Hospitality Earnings Call Transcripts
Fiscal Year 2026
-
Record Q2 revenue and EBITDA growth were driven by strong performance at Tabacón and strategic portfolio moves, including the Eagle Wing Tours acquisition and Flyover sale. Full-year guidance was raised, supported by robust demand, a strong balance sheet, and a healthy pipeline of growth projects.
-
Record Q1 2026 results with 37% revenue growth and margin improvement, driven by strong demand and Tabacón's outperformance. Guidance for 2026 is reaffirmed, with double-digit growth expected and robust capital allocation supporting organic and acquisition-led expansion.
Fiscal Year 2025
-
Record 2025 results with 23% revenue growth and 52% higher Adjusted EBITDA, driven by strong demand, strategic acquisitions, and portfolio optimization. Vision 2030 targets double-digit annual growth, with robust capital investment and favorable industry trends supporting continued expansion.
-
Record Q3 results featured 32% revenue growth and a 41.5% rise in Adjusted EBITDA, driven by strong demand, successful acquisitions, and effective capital deployment. Full-year 2025 guidance was raised, with robust liquidity and a strong pipeline of growth projects supporting future expansion.
-
Double-digit year-over-year growth in revenue and adjusted EBITDA was driven by strong demand, higher ticket prices, and successful acquisitions. Full-year guidance was raised, and a $50 million share repurchase was authorized, with continued investment in organic and acquisition-led growth.
-
Q1 saw modest revenue growth, strong demand indicators, and successful integration of recent acquisitions. Double-digit revenue and adjusted EBITDA growth are expected for 2025, with robust booking trends and a healthy M&A pipeline supporting a positive outlook.
Fiscal Year 2024
-
Transformed into a pure-play attractions and hospitality company after the GES sale, achieving 5% revenue growth in 2024 despite wildfire impacts. Double-digit revenue and EBITDA growth are expected in 2025, supported by strong liquidity, recent acquisitions, and robust demand for iconic experiences.
-
Q3 saw 25% revenue growth and strong EBITDA gains, with GES and Pursuit both outperforming guidance. The pending GES sale will transform Pursuit into a high-growth, pure-play business with a strong balance sheet, while wildfire impacts in Jasper are being offset by robust demand elsewhere.
-
The sale of GES for $535 million enables a pure-play, high-growth attractions and hospitality company with a strong balance sheet and significant investment capacity. Pursuit is positioned for accelerated growth, with anticipated EBITDA above $100 million in 2025 and a focus on iconic travel destinations.
-
Second quarter results exceeded guidance, with strong revenue and margin growth at both GES and Pursuit. Wildfires in Jasper National Park significantly impacted Pursuit's outlook, but overall full-year EBITDA guidance remains above 2023 levels.