Emerald Holding, Inc. Reports Earnings Results for the Second Quarter Ended June 30, 2021
July 30, 2021 at 06:03 am EDT
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Emerald Holding, Inc. announced earnings results for the second quarter ended June 30, 2021. For the second quarter, the company announced sales was USD 15 million compared to USD 7 million a year ago. Operating loss was USD 31.5 million compared to operating Income of USD 18.7 million a year ago. Net loss was USD 46.5 million compared to net income of USD 9.9 million a year ago. Basic loss per share from continuing operations was USD 0.75 compared to basic earnings per share from continuing operations of USD 0.13 a year ago. For the half year, sales was USD 27.9 million compared to USD 106.7 million a year ago. Operating loss was USD 51.1 million compared to USD 599.5 million a year ago. Net loss was USD 61.8 million compared to USD 560.2 million a year ago. Basic loss per share from continuing operations was USD 1.06 compared to USD 7.85 a year ago.
Emerald Holding, Inc. is an operator of business-to-business (B2B) trade shows in the United States. The Company integrates live events, media content, industry insights, digital tools, data-focused solutions and e-commerce platforms into three complementary business lines: Connections, Content and Commerce. Its segments include Connections, All Other and Corporate-Level Activity. The Connections division includes a collection of B2B trade show franchises, which typically hold positions within their respective industry verticals. The Content division includes B2B print publications and digital media products that complement its existing trade show properties. These print and digital media products provide industry-specific business news and information across 20 sectors. The Commerce division offers B2B e-commerce and digital merchandising solutions, serving the needs of manufacturers and retailers through its Elastic Suite and Bulletin platforms.