Viad Corp, Q3 2026 Earnings Call Transcript

Pursuit posted record third-quarter results, with revenue up 4.4% to $251.5 million and adjusted EBITDA rising 7% to $125.5 million. Excluding Eagle Wing Tours and the divested FlyOver business, revenue grew about 6%, supported by pricing and demand for experiential travel; smoke-related poor weather weighed on attraction visits. Management reaffirmed its 2026 adjusted EBITDA midpoint of $133 million, implying 14% annual growth, and narrowed its guidance range to $130–136 million. Early 2027 bookings are ahead of last year, and the company expects core-business growth and organic projects to more than offset the lost FlyOver contribution, though construction will temporarily affect some operations. Pursuit is advancing a substantial investment pipeline, including the Jasper SkyTram replacement, while maintaining low leverage and capacity for acquisitions, projects and share repurchases. The proposed Glacier View tram remains at an early approval stage.