Viad Corp

Good afternoon. My name is Austin, and I will be your conference operator today. At this time, I would like to welcome everyone to the VOD Court third quarter 2022 earnings conference call. All lines have been placed on mute to prevent any background noise. After the speaker's remarks, there will be a question and answer session. If you'd like to ask a question during this time, simply press star followed by one on your telephone keypad. If you'd like to withdraw your question, please press the pound key. Thank you. Carrie Long, you may now begin your presentation.

Good afternoon, and thank you for joining us for VIAG's 2022 Third Quarter Earnings Conference Call. We issued our earnings press release today after market closed, along with our earnings presentation, which are both available on our website at viag.com. We will be referencing specific pages from the presentation during the call as we discuss our business performance and outlook. I also want to point out that our earnings press release and presentation contain important disclosures regarding non-GAAP measures that we'll be referring to during the call, including adjusted EBITDA. During the call, you will hear from Steve Moster, our President and CEO and President of GES, and Ellen Ingersoll, our Chief Financial Officer. And as we announced earlier this month, Pursuit President David Berry, who typically joins these calls, is currently out on medical leave following a successful surgical procedure. Before turning the call over to Steve, I want to remind everyone that certain statements made during the call, which are not historical facts, may constitute forward-looking statements. Information concerning business and other risk factors that could cause actual results to materially differ from those in the forward-looking statements can be found in our annual, quarterly, and other current reports filed with the SEC. And with that, I'll turn it over to Steve.

Good afternoon, and thank you for joining us. To start the call, I'd like to thank our team members around the world for their continued dedication and efforts, which are reflected in the results for the third quarter. Starting on page four of our earnings presentation, I want to touch on three highlights about the quarter that we'll expand upon during this call. First, our consolidated third quarter results were significantly ahead of 2021 and in line with our prior guidance. Both businesses performed well in the quarter, and net income attributable to Viad nearly tripled year over year as our actions to scale Pursuit, transform GS Exhibition's cost structure, and strengthen Spira's capabilities accelerated our growth. Second, Pursuit delivered another quarter of record revenue. The pursuit team continued to drive growth from our new experiences, and we saw a strong but not full recovery of same-store attraction visitors during the quarter as international leisure travel strengthened and COVID restrictions diminished. And third, GDS delivered strong growth with solid execution. We continued to see a healthy recovery towards 2019 levels of trade show revenue and corporate client spending. And we drove improved profitability versus 2019 as a result of our improved cost structure. And now I'd like to turn the call over to Ellen to discuss our third quarter financial performance in more detail. Ellen?