Viad Corp

Good afternoon. My name is Lydia and I'll be your conference operator today. At this time, I'd like to welcome everyone to Viard Corp's fourth quarter and full year 2023 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 the number one on your telephone keypad. If you'd like to withdraw your question, press star followed by two. I'll now hand you over to Carrie Long to begin. Please go ahead.

Good afternoon, and thank you for joining us for VIAD's 2023 fourth quarter and full-year earnings conference call. We issued our earnings release after the market closed today, along with an earnings presentation, which are both available on our website at viad.com. We'll be referencing specific pages from the presentation during the call as we discuss our business performance and outlook. I'd like to point out that our earnings press release and presentation contain important disclosures regarding non-GAAP measures that we'll be referencing during the call, including adjusted EBITDA and income before other items. During the call, you'll be hearing from Steve Moster, our President and CEO and President of GES, Ellen Ingersoll, our Chief Financial Officer, and David Berry, President of Pursuit. Before I turn the call over to Steve, I'd like 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 will turn the call over to Steve, who will be starting on page four of the earnings presentation.

Thanks, Kerry, and thanks to all of you for joining our call. I'm very happy to report that our finish to 2023 exceeded our expectations in what was a great year for our businesses. GEF substantially outperformed our prior guidance during the quarter and Pursuit delivered solid results in this seasonally slower period. Looking at the year as a whole, Pursuit set new records for both revenue and EBITDA with the continued return of international leisure travel to our destination and our expanded portfolio of experiences. GES delivered strong full-year revenue growth with an EBITDA margin that was just 30 basis points shy of our 8% target, and as positive momentum continued for GES and the industry overall. We have a great deal of optimism as we enter 2024 in a position of strength. With robust demand for our extraordinary experiences at Pursuit and GES, and tailwinds from a strong non-annual show schedule and the opening of Flyover Chicago, we expect to deliver very strong revenue and EBITDA growth again this year. So let's get into the details, starting with Ellen, who will review our 2023 financial performance and 2024 guidance.