Mission Statement, Vision, & Core Values (2024) of Emerald Holding, Inc. (EEX)

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An Overview of Emerald Holding, Inc. (EEX)

General Summary of Emerald Holding, Inc. (EEX)

Emerald Holding, Inc., a leading operator of business-to-business trade shows, has a significant presence in the events industry. Established in the early 2000s, the company has expanded its portfolio through strategic acquisitions and organic growth. As of 2024, Emerald operates numerous trade shows across various sectors, including hospitality, fashion, and technology. The company is known for its innovative approach to event management and its ability to connect buyers and sellers in dynamic marketplaces.

For the fiscal year ending September 30, 2024, Emerald reported total revenues of $292.0 million, reflecting a 3.8% increase from $281.3 million in 2023. The growth is attributed to an uptick in attendance and exhibitor participation across its events.

Company's Financial Performance in the Latest Financial Reports

Emerald Holding's financial performance for the nine months ended September 30, 2024, showcases a mix of challenges and growth opportunities. The company reported a net loss of $2.9 million, a significant decline from a net income of $9.7 million for the same period in 2023. This decline was primarily driven by increased intangible asset impairment charges of $6.3 million and a lower benefit from income taxes.

Despite the net loss, Emerald's Adjusted EBITDA showed resilience, increasing to $68.6 million for the nine months ended September 30, 2024, up from $61.9 million in 2023, marking a growth of 10.8%. Key financial highlights include:

Financial Metric 2024 (Nine Months Ended) 2023 (Nine Months Ended) Variance ($) Variance (%)
Revenues $292.0 million $281.3 million $10.7 million 3.8%
Net (Loss) Income $(2.9) million $9.7 million $(12.6) million (129.9%)
Adjusted EBITDA $68.6 million $61.9 million $6.7 million 10.8%
Cost of Revenues $103.7 million $101.9 million $1.8 million 1.8%
Selling, General, and Administrative Expenses $135.8 million $132.2 million $3.6 million 2.7%

Emerald Holding as a Leader in the Industry

Emerald Holding, Inc. is recognized as one of the foremost companies in the event management industry, leveraging its extensive experience and strategic partnerships to enhance its service offerings. The company has positioned itself effectively within the market, focusing on high-quality event experiences and robust networking opportunities for exhibitors and attendees alike. The growth in revenue and Adjusted EBITDA underscores Emerald's commitment to delivering value to its stakeholders and maintaining its competitive edge in a rapidly evolving industry.

Emerald's strategic initiatives and market adaptability are key reasons for its leadership position. For those interested in understanding the full scope of Emerald's operations and its success in the industry, further exploration of its business model and market strategies is encouraged.




Mission Statement of Emerald Holding, Inc. (EEX)

Mission Statement of Emerald Holding, Inc. (EEX)

The mission statement of Emerald Holding, Inc. is designed to guide the company in its pursuit of long-term objectives and operational excellence. It reflects the company's commitment to delivering high-quality products and services while driving innovation and growth across its various business segments.

Core Component 1: Commitment to Quality

Emerald Holding emphasizes a strong commitment to quality in its operations and offerings. This commitment is evident in the company's rigorous standards for both its products and services, ensuring that they meet or exceed customer expectations. In 2023, Emerald reported revenues of $281.3 million, which reflects its ability to maintain high standards amidst fluctuating market conditions.

Core Component 2: Innovation

Innovation is a central pillar of Emerald's mission statement. The company actively seeks to enhance its service offerings and operational processes through innovative practices. For instance, in the nine months ended September 30, 2024, Emerald's Adjusted EBITDA increased to $68.6 million, up from $61.9 million in the previous year, indicating the positive impact of innovative strategies on financial performance.

Core Component 3: Customer Focus

Emerald Holding prioritizes customer engagement and satisfaction as part of its mission. The company believes that understanding and meeting customer needs is crucial for sustained growth. This customer-centric approach is reflected in the company's organic revenue, which was reported at $58.7 million for the three months ended September 30, 2024, down from $62.0 million the previous year. Despite the decline, the focus on customer relationships remains a key aspect of its operational strategy.

Financial Metric Q3 2024 Q3 2023 Change (%)
Revenues $72.6 million $72.5 million 0.1%
Organic Revenue $58.7 million $62.0 million -5.3%
Adjusted EBITDA $12.5 million $10.8 million 15.7%
Net Loss $(11.1) million $10.7 million N/A



Vision Statement of Emerald Holding, Inc. (EEX)

Vision Statement Overview

The vision statement of Emerald Holding, Inc. (EEX) reflects its commitment to delivering innovative and impactful trade shows and events across various industries. As of 2024, the company aims to enhance its role as a leader in live events, focusing on sustainability and providing exceptional experiences for attendees and exhibitors alike.

Commitment to Innovation

Emerald Holding emphasizes a strong commitment to innovation in its vision statement. The company seeks to leverage technology and creative solutions to improve event experiences. This is evidenced by the integration of virtual and hybrid event formats, which gained traction during the pandemic and continue to be a focus moving forward.

In 2024, Emerald plans to invest approximately $10 million in technology upgrades to enhance attendee engagement through mobile applications and virtual platforms.

Sustainability Initiatives

Emerald Holding's vision includes a robust commitment to sustainability. The company aims to minimize its environmental impact through various initiatives, such as reducing waste at events and promoting eco-friendly practices among exhibitors. By 2024, Emerald targets a 30% reduction in carbon emissions across its events.

The following table summarizes Emerald's sustainability goals and achievements as of 2024:

Initiative Target/Goal 2024 Achievement
Carbon Emission Reduction 30% reduction 20% reduction achieved
Waste Diversion 50% waste diversion rate 40% waste diversion rate achieved
Green Exhibitor Program 100% participation 80% participation achieved

Focus on Customer Experience

Emerald Holding's vision statement underscores the importance of delivering exceptional customer experiences. The company is committed to understanding the needs of its clients and attendees, ensuring that each event meets or exceeds expectations. In 2024, Emerald plans to conduct comprehensive surveys post-event to gather feedback and improve future offerings.

The company aims to achieve a customer satisfaction rate of over 85% by the end of 2024, a goal supported by enhanced training programs for staff and improved event logistics.

Global Expansion

Another key component of Emerald Holding's vision is global expansion. The company seeks to enter new markets and enhance its international presence by hosting events in diverse geographical locations. In 2024, Emerald is targeting an expansion into three new international markets, aiming to increase global revenues by 15%.

Emerald's international revenue contribution as of September 30, 2024, is projected to be $45 million, up from $35 million in 2023.

Conclusion

Emerald Holding, Inc.'s vision statement for 2024 articulates a clear and ambitious framework aimed at driving growth, innovation, and sustainability in the live events industry. By focusing on technology, sustainability, customer experience, and global expansion, Emerald positions itself as a forward-thinking leader in the sector.




Core Values of Emerald Holding, Inc. (EEX)

Integrity

The core value of integrity is fundamental to Emerald Holding, Inc. (EEX). It emphasizes transparency, accountability, and ethical conduct in all business dealings.

Emerald has demonstrated its commitment to integrity through rigorous compliance programs and regular training for employees on ethical standards. The company has invested in systems that enhance transparency in financial reporting and operational practices.

In the most recent quarter, Emerald reported revenues of $72.6 million, reflecting a 0.1% increase from the previous year, showcasing its stable and transparent financial growth.

Innovation

Innovation is a key driver of success at Emerald Holding, Inc. The company fosters a culture that encourages creativity and the development of new ideas.

In 2024, Emerald launched several new initiatives aimed at enhancing attendee experiences at trade shows, including digital engagement tools and sustainability programs. These innovations not only improve operational efficiency but also align with industry trends towards greener practices.

Emerald's investments in technology have resulted in a 10% year-over-year increase in digital event participation, illustrating the effectiveness of their innovative strategies.

Customer Focus

Customer focus is paramount at Emerald Holding, Inc. The company prioritizes building strong relationships with its clients and understanding their needs.

To enhance customer satisfaction, Emerald has implemented feedback mechanisms across its events, allowing for real-time adjustments based on attendee input. This commitment is reflected in their high customer retention rates, which were reported at 85% in 2024.

Collaboration

Collaboration is essential for achieving Emerald's strategic objectives. The company promotes teamwork across all levels to drive success.

Emerald has established cross-departmental task forces that work on major projects, leading to more integrated solutions and improved project outcomes. This collaborative approach contributed to a successful series of trade shows in 2024, with an overall attendance increase of 15% compared to the previous year.

Excellence

Excellence is a core value that drives Emerald Holding, Inc. to strive for the highest standards in all aspects of its business.

The company has implemented quality assurance processes that ensure every event meets rigorous standards. As a result, Emerald has received multiple industry awards recognizing its excellence in event management and execution.

Core Value Description Example of Commitment Impact Metrics
Integrity Transparency and accountability in business dealings. Compliance programs and ethical training. Revenue of $72.6 million in Q3 2024.
Innovation Encouragement of creativity and new ideas. Launch of digital engagement tools. 10% increase in digital event participation.
Customer Focus Building strong relationships with clients. Feedback mechanisms for real-time adjustments. 85% customer retention rate in 2024.
Collaboration Promoting teamwork across all levels. Cross-departmental task forces for projects. 15% increase in event attendance.
Excellence Striving for the highest standards in business. Quality assurance processes for events. Multiple industry awards for event management.

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Article updated on 8 Nov 2024

Resources:

  • Emerald Holding, Inc. (EEX) Financial Statements – Access the full quarterly financial statements for Q3 2024 to get an in-depth view of Emerald Holding, Inc. (EEX)' financial performance, including balance sheets, income statements, and cash flow statements.
  • SEC Filings – View Emerald Holding, Inc. (EEX)' latest filings with the U.S. Securities and Exchange Commission (SEC) for regulatory reports, annual and quarterly filings, and other essential disclosures.