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Emerald Holding Inc. surged 12% to $4.09 after the producer of trade shows and their associated conferences, content, and commerce reported higher revenue in the fourth quarter of 2024.

Revenue increased 5.2% to $106.8 million from $101.5 million, net income rose to $5.1 million from a loss of $17.9 million, and diluted earnings per share edged up to 3 cents from a loss of 46 cents a year ago.

The company repurchased 1,776,884 shares for $8.4 million in the quarter at an average price of $4.68 per share.

The company extended its share repurchase program for the repurchase of $25 million through December 31, 2025.

Since the restart of the share repurchase program in 2021 through December 31, 2024, the company has bought back a total of 13.3 million shares for $53.7 million.

In February 2025, Emerald proposed a dividend for the quarter ending March 31 of $0.015 per share, payable on March 20 to shareholders on record as of March 10.

Following quarter end, the company agreed to acquire This is Beyond, the UK-based architect of luxury travel B2B trade shows, and completed the acquisition of Insurtech Insights, an operator of large-scale insurance technology conferences across the U.S., Europe, and Asia.

“These strategic acquisitions expand and diversify our portfolio, reinforcing Emerald’s leadership in high-value, growth-oriented industries while sharpening our competitive position,” the company said in a release to investors.

Emerald guided full-year revenue to be between $450 million and $460 million, up from $398.8 million in 2024, and adjusted EBITDA between $120 million and $125 million, up from $101.7 million a year ago.

  • 17 Mar, 2025

 

Casey's General Stores Inc. surged 3.2% to $391.0 after the convenience store operator reported results for the fiscal third quarter of 2025.

Revenue increased to $3.90 billion from $3.33 billion, net income jumped to $87.10 million from $86.93 million a year ago, and diluted earnings per share were flat at $2.33.

Inside same-store sales increased 3.7% compared to the prior year and 8.0% on a two-year stack basis, with an inside margin of 40.9%.

Same-store fuel gallons were up 1.8% from a year ago, with a fuel margin of 36.4 cents per gallon.

Same-store operating expenses excluding credit card fees were up 3.2%, favorably impacted by a 2% reduction in same-store labor hours.

For fiscal 2025, the company expects same-store sales to increase between 3% and 5% with the inside margin to be comparable to the prior year.

The company expects to add approximately 270 stores for the year.

Same-store fuel gallons sold is expected to be between negative 1% and positive 1%.

The company expects total operating expenses to increase between 11% and 13% for the fiscal year, including $25 million to $30 million in one-time deal and integration costs related to the Fikes acquisition, while same-store operating expenses excluding credit card fees are expected to only increase 2% for the year.

Casey’s estimated EBITDA is expected to increase 11%, and the purchase of property and equipment is expected to be approximately $500 million.

The company has approximately $295 million remaining under its existing share repurchase authorization.

Casey's proposed a quarterly dividend of 50 cents per share, payable on May 15 to shareholders on record as of May 1.

  • 12 Mar, 2025