Viad Corp (NYSE:VVI) Q4 2023 Earnings Call Transcript

Bryan Maher: Thanks. And kind of following up on Alex’s question and really the kind of series of questions before that. And this may come across as a loaded question, you don’t have to answer it if you don’t want to. But kind of aspirationally, as you think about the next three to four years and what you’re seeing with technology and what you’ve learned from the business, et cetera. Where could margins go, both at GES and at Pursuit, you know, maybe more on the Pursuit side? Because I think, Steve, you kind of answered it on the GES side.

Steve Moster: Yes. I’ll let David talk about what he sees going forward for Pursuit.

David Barry: Yes. Our goal is to, as soon as we can get to 33%, it’s going to take some time. But the jump this year to almost ’27 and then coming in on ’24 at 30%, we believe 33% is a really sustainable and powerful margin for the business. It allows us to continue to maintain things at a high level and also keep improving experiences and at the same time, be it a great margin business that we can sustain over the long term.

Bryan Maher: Perfect. Thank you.

Steve Moster: Thanks, Bryan.

Bryan Maher: Welcome.

Operator: There are no further questions at this time. Steve Moster, I turn the call back over to you.

Steve Moster: Thanks, Lydia. And thanks again to our hardworking team members around the globe and our shareholders for their support in Viad. We look forward to giving you another update for the next quarter. Thank you so much.

Operator: This concludes today’s call. Thank you for joining. You may now disconnect your lines.