For the quarterly period ended June 30, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to____________ Commission file number: 001-11015 UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 (State or other jurisdiction of incorporation or organization) 1401 17th Street, Suite 1400 Denver, Colorado ...

NEWS FOR IMMEDIATE RELEASE Exhibit 99.1 PURSUIT REPORTS 2025 SECOND QUARTER RESULTS DENVER, August 6, 2025 -- Pursuit Attractions and Hospitality, Inc. ("Pursuit") (NYSE: PRSU) today reported results for the 2025 second quarter and raised guidance for the 2025 full year. David Barry, Pursuit's President and Chief Executive Officer, commented, "As expected, we delivered strong double-digit growth in the second quarter across revenue, income from continuing operations, and adjusted EBITDA compared to the prio ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 or ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ____________ to____________ Commission file number: 001-11015 Pursuit Attractions and Hospitality, Inc. (Exact name of registrant as specified in its charter) Delaware 3 ...

NEWS FOR IMMEDIATE RELEASE Exhibit 99.1 PURSUIT REPORTS 2025 FIRST QUARTER RESULTS DENVER, May 8, 2025 -- Pursuit Attractions and Hospitality, Inc. ("Pursuit") (NYSE: PRSU) today reported results for the 2025 first quarter and reaffirmed guidance for the 2025 full year. David Barry, Pursuit's President and Chief Executive Officer, commented, "We delivered solid performance during the seasonally slower first quarter, achieving approximately 9% increases year-over-year in both our attraction effective ticket ...

Financial Performance - Total revenue for the year ended December 31, 2024, was $366.5 million, representing a 4.6% increase compared to $350.3 million in 2023[153]. - Revenue from attractions increased by 9.4% to $208.4 million in 2024, up from $190.4 million in 2023[153]. - Hospitality revenue decreased by $0.9 million in 2024, primarily due to a 4.7% decrease in Revenue per Available Room (RevPAR) caused by fewer room nights sold due to the Jasper wildfires[155]. - The number of visitors to attractions in 2024 reached 3,757,464, a 6.1% increase from 2023[158]. - Interest expense increased to $14.2 million in 2024, primarily due to higher revolving credit balances and the write-off of debt issuance costs[166]. - The effective income tax rate was negative 13.9% for 2024, compared to 47.4% for 2023, due to a valuation allowance on losses in the United States[171][174]. - Net cash provided by operating activities attributable to continuing operations was $56.9 million for the year ended December 31, 2024, a decrease of $23.8 million from the previous year[177][183]. - Total available liquidity as of December 31, 2024, was $49.7 million, down from $135.5 million in 2023, following the termination of the previous credit facility[176]. Business Operations - Pursuit (formerly Viad Corp) completed the sale of the GES Business for an aggregate purchase price of $535 million, consisting of a base price of $510 million and a deferred price of $25 million[16]. - The company relaunched as Pursuit Attractions and Hospitality, Inc., focusing on delivering unforgettable experiences in iconic destinations, and began trading under the new NYSE ticker symbol PRSU on January 2, 2025[17]. - The growth strategy includes Refresh, Build, and Buy initiatives aimed at acquiring or building high-return tourism assets in iconic destinations[56]. - The Jasper SkyTram attraction was acquired on December 31, 2024, offering visitors the opportunity to ascend 2,263 meters (8,081 feet) for breathtaking views[58]. - The Flyover Chicago attraction opened on March 1, 2024, and secured the 3 spot in USA Today's 10Best Readers' Choice Awards for Best New Attraction[43]. - The company operates attractions and hospitality experiences in the Canadian Rockies, Alaska, and Glacier Park, with a focus on unique offerings such as glacier explorations and immersive experiences[20][22][24]. - The Columbia Icefield Adventure and Columbia Icefield Skywalk attractions reopened on August 9, 2024, after being temporarily closed due to wildfire activity[58]. - The company acquired the assets of Eddie's Café & Mercantile and Apgar Lookout Retreat for expansion in Glacier National Park, enhancing its food and beverage services and accommodation offerings[67]. Community Engagement - The company collected and distributed over $215,000 and more than $120,000 in in-kind donations to communities in Canmore, Banff, Jasper, and Golden in 2023[75]. - A group of tourism companies, including the company, pledged over $5.5 million Canadian dollars to support the recovery of the Jasper community following the 2024 wildfires, with the company's pledge being $3.0 million Canadian dollars (approximately $2.1 million U.S. dollars)[75]. Challenges and Risks - The company reported that the 2024 wildfire activity in Jasper National Park negatively impacted visitation to its lodging properties and attractions during the peak tourist season[80]. - The company is vulnerable to economic fluctuations, which could materially affect consumer spending on leisure travel and related attractions[79]. - The company operates in a highly competitive industry, where brand recognition and service quality are critical for maintaining market share[81]. - The company’s insurance coverage may not be adequate to cover all possible losses, which could materially affect its business and results of operations[88]. - Labor shortages have resulted in increased labor costs, which could reduce profits and impact the ability to manage and grow the business[102]. - The company is subject to risks associated with global operations, including unstable local economic conditions and regulatory compliance costs[97]. - Cybersecurity risks are heightened due to reliance on IT infrastructure support from GES following the sale of the GES Business[103]. - The company may face challenges in funding capital expenditures due to reliance on cash flow from operations and external financing[93]. - The company faces ongoing litigation risks that could divert management's attention and resources, potentially leading to material adverse effects on operations[105]. - Changes in tax laws, such as California's 2024 law preventing the use of prior year net operating losses, could adversely affect the company's effective tax rate and financial performance[106]. - Extensive environmental regulations may increase costs and liabilities, impacting profitability and operational capabilities[107]. Financial Strategy and Investments - The company entered into a $200 million revolving credit facility on January 3, 2025, which is subject to financial covenants that could limit operational flexibility[89]. - Planned capital expenditures for the next 12 months are approximately $70 million to $75 million, including $38 million to $43 million on growth projects[179]. - The company plans to continue selective investments to advance its Refresh, Build, Buy growth strategy while maintaining a solid liquidity position[178]. Governance and Management - Michael "Bo" Heitz was appointed as the new Chief Financial Officer effective December 16, 2024, succeeding Ellen Ingersoll[126]. - The company maintains a comprehensive cybersecurity risk management strategy, integrating material risks into its enterprise risk management processes[111]. - The cybersecurity governance structure includes oversight by the Board of Directors and regular reporting on significant threats and risks[117]. - The company utilizes third-party service providers for cybersecurity risk management, including incident response and vendor risk assessments[115]. Asset Management - The company primarily owns its properties, which include attractions, hotels, and retail stores, ensuring adequate capacity for current operations[120]. - The company recorded asset impairment charges of $27.5 million and a non-cash goodwill impairment charge of $14.0 million related to its Flyover attractions as of October 31, 2024[92]. - The company recorded total tax benefits related to share-based compensation costs of $0.2 million in 2024, $0.1 million in 2023, and $0.1 million in 2022[212]. - The company recorded a non-cash impairment charge of $27.5 million on certain assets and a non-cash goodwill impairment charge of $14.0 million as of October 31, 2024[170][202].

Revenue and Income - Pursuit reported a revenue of $366.5 million for 2024, an increase of $16.2 million (4.6%) year-over-year, primarily driven by growth in attractions ticket revenue[6]. - Net income attributable to Pursuit for 2024 was $368.5 million, a significant increase of $352.5 million from 2023, largely due to the sale of the GES business[10]. - Pursuit's revenue for Q4 2024 was $45,799,000, an increase of 8.5% from $42,208,000 in Q4 2023[29]. - Net income attributable to Pursuit for Q4 2024 was $315,735,000, compared to a net loss of $15,346,000 in Q4 2023, representing a change of $331,081,000[29]. - Pursuit's revenue for Q2 2024 was $37,231,000, compared to $32,663,000 in Q1 2023, reflecting a 14.3% increase quarter-over-quarter[55]. - Pursuit's consolidated revenue for FY 2023 was $350,285,000, with a net income of $16,017,000[55]. Business Transactions and Acquisitions - The company completed the sale of its GES business for $535 million, resulting in net cash proceeds of approximately $410 million at closing[3]. - The company completed three strategic tuck-in acquisitions in 2024 for approximately $34 million, enhancing its growth strategy[12]. - The company terminated and repaid approximately $393 million in obligations under its previous credit facility following the sale of the GES business[35]. - The company anticipates annual interest savings of approximately $30 million following the repayment of its Term Loan B using proceeds from the GES sale[13]. EBITDA and Financial Performance - Pursuit's consolidated adjusted EBITDA for 2024 was $77.1 million, a decrease of $1.8 million (2.3%) year-over-year, impacted by the Jasper wildfire[10]. - Consolidated adjusted EBITDA for the year ended December 31, 2024, was $77,066,000, a decrease of 2.3% from $78,869,000 in 2023[29]. - Adjusted EBITDA for the year ended December 31, 2024, was $368,544, up from $352,527 in 2023, reflecting a $16,017 increase[44]. - Consolidated Adjusted EBITDA for Q2 2024 was $(14,604,000), with a margin of (39.2%), compared to $16,012,000 and a margin of 18.1% in Q1 2023[55]. Expenses and Charges - The cost of services and products increased by 15.0% to $69,995,000 in Q4 2024 from $60,891,000 in Q4 2023[29]. - Pursuit recorded an impairment charge of $41,462,000 in Q4 2024 related to long-lived assets and goodwill[34]. - The company incurred impairment charges of $41,462,000 in Q4 2024, with total impairment charges for the year reaching $47,572,000[50]. - The company reported a restructuring charge of $3,156 in Q4 2024, compared to a recovery of $(10) in Q4 2023[44]. - Pursuit's restructuring charges for Q4 2024 were $3,156,000, compared to a recovery of $(10,000) in Q4 2023, indicating a significant shift in operational costs[50]. Future Outlook and Investments - For 2025, Pursuit expects revenue growth in the low double digits compared to 2024, with adjusted EBITDA projected to be between $98 million and $108 million[15]. - Pursuit plans to invest approximately $38 million to $43 million in growth capital expenditures in 2025, focusing on enhancing guest experiences[14]. - The company plans to continue developing new attractions, including the Flyover attraction in Chicago, which is part of their market expansion strategy[57]. Shareholder Information - Basic income per common share for Q4 2024 was $10.81, compared to a loss of $0.83 per share in Q4 2023, a change of $11.64[29]. - Pursuit's basic weighted-average outstanding common shares increased by 6.8% to 22,356,000 in Q4 2024 from 20,942,000 in Q4 2023[40]. - The weighted-average outstanding common shares increased to 22,356 in Q4 2024, up 6.8% from 20,942 in Q4 2023[48]. Tax and Interest - The effective tax rate for Q4 2024 was 7.3%, compared to 4.0% in Q4 2023[36]. - Income tax expense for Q4 2024 was $(5,300,000), a decrease of $4,307,000 or 433.5% compared to $(993,000) in Q4 2023[50]. - The company reported a net interest expense of $3,862,000 for Q4 2024, an increase of $2,613,000 or 209.2% from $1,249,000 in Q4 2023[50]. - The company reported a net interest expense of $2,922,000 in Q2 2024, down from $1,471,000 in Q1 2023[55].

Financial Data and Key Metrics Changes - Revenue for Q3 2024 was $455.7 million, a 25% increase year-over-year [7] - Consolidated adjusted EBITDA was $103.1 million, up $16.9 million from the previous year [7] - GAAP net income attributable to Viad was $48.6 million, reflecting a $7.3 million increase compared to Q3 2023 [7] Business Line Data and Key Metrics Changes - Pursuit reported Q3 revenue of $182.3 million and adjusted EBITDA of $86.3 million, with a margin of 47.4%. Revenue decreased by $4.7 million year-over-year due to wildfire impacts [8] - GES achieved consolidated revenue of $273.4 million and adjusted EBITDA of $20.2 million, marking increases of $94.5 million and $22.2 million respectively from the prior year [9] Market Data and Key Metrics Changes - Jasper Lodges & Attractions experienced a revenue decline of $21.9 million year-over-year, while attractions outside Jasper saw a 13% revenue growth [8] - Year-to-date total attractions ticket revenue grew 12% year-over-year, with a 5% increase in visitors [16] Company Strategy and Development Direction - The company is focused on a "Refresh, Build, Buy" growth strategy, aiming to capitalize on high-margin opportunities in the hospitality and attraction sectors [6][20] - A recent acquisition of Glacier Park Collection for $15.9 million is expected to enhance Pursuit's offerings [6][21] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery of Jasper's tourism, anticipating a 12% increase in travel trade revenue for 2025 compared to 2023 [33] - The company expects to achieve adjusted EBITDA greater than $100 million in 2025, despite the challenges faced in 2024 [18] Other Important Information - The pending sale of GES is expected to be completed by December 31, 2024, allowing Pursuit to operate as a standalone high-growth entity [27] - Total liquidity at the end of Q3 was nearly $230 million, with no borrowings on the revolver [10] Q&A Session Summary Question: Update on FlyOver attractions - Management confirmed that FlyOver Chicago is performing positively and is not planning to deploy capital for new locations currently [30][31] Question: Impact of wildfire on tour and travel - Management anticipates a strong recovery in demand for Jasper, with no significant drop in interest from tour operators [33] Question: Future EBITDA margins for Pursuit - Management expects EBITDA margins to stabilize around 30% for 2025, excluding public company costs [37] Question: Occupancy rates in Jasper - Management indicated that occupancy rates will be high due to the loss of hotel rooms, leading to market compression [38] Question: Transaction-related costs from GES sale - Most transaction-related costs will occur in 2024, with an estimated total of $20 million [40][42]

Core Viewpoint - Viad (VVI) reported quarterly earnings of $2.01 per share, exceeding the Zacks Consensus Estimate of $1.87 per share, and showing an increase from $1.49 per share a year ago, indicating a strong performance in the trade show sector [1] Financial Performance - The company achieved revenues of $455.7 million for the quarter ended September 2024, surpassing the Zacks Consensus Estimate by 4.26% and up from $365.9 million year-over-year [2] - Over the last four quarters, Viad has exceeded consensus EPS estimates two times and topped consensus revenue estimates four times [2] Stock Performance - Viad shares have increased approximately 18.7% since the beginning of the year, while the S&P 500 has gained 24.3%, indicating underperformance relative to the broader market [3] Future Outlook - The company's earnings outlook will be crucial for determining future stock performance, with current consensus EPS estimates at -$1.20 for the upcoming quarter and $1.10 for the current fiscal year [4][7] - The estimate revisions trend for Viad is currently mixed, resulting in a Zacks Rank 3 (Hold), suggesting the stock is expected to perform in line with the market in the near future [6] Industry Context - The Business - Services industry, to which Viad belongs, is currently in the top 33% of over 250 Zacks industries, indicating a favorable industry outlook that could positively impact stock performance [8]

Financial Performance - Total revenue for the three months ended September 30, 2024, increased by $89.8 million to $455.7 million, a 24.5% increase compared to $365.9 million in the same period of 2023 [107]. - Net income attributable to Viad for the three months ended September 30, 2024, increased by $7.3 million to $48.6 million, a 17.8% increase compared to $41.3 million in the same period of 2023 [109]. - The company reported a total revenue increase of $160.7 million for the nine months ended September 30, 2024, driven by a $148.1 million increase in GES revenue [110]. - Net income for the nine months ended September 30, 2024, was $60,499,000, an increase of 54% compared to $39,314,000 in 2023 [131]. - Net cash provided by operating activities was $133.1 million for the nine months ended September 30, 2024 [126]. - Net cash provided by operating activities increased to $133,096,000 from $116,554,000, reflecting a growth of 14% [131]. Segment Performance - GES reported total revenue of $273.4 million for the three months ended September 30, 2024, a 52.8% increase from $179.0 million in the same period of 2023 [119]. - GES's segment operating income increased by $22.0 million during the three months ended September 30, 2024 [109]. - Total segment operating income for GES was $16.6 million for the three months ended September 30, 2024, compared to a loss of $5.4 million in the same period of 2023 [119]. - Pursuit's revenue decreased by $4.7 million during the three months ended September 30, 2024, primarily due to a $5.3 million decrease in hospitality revenue attributed to the Jasper wildfires [112]. - Pursuit's attractions revenue increased by $1.4 million during the three months ended September 30, 2024, due to a 4.2% increase in revenue per attraction visitor [112]. - Pursuit's segment operating income decreased by $7.4 million during the nine months ended September 30, 2024, primarily due to the impact of the Jasper wildfires [113]. Visitor Metrics - The number of visitors for the attractions business reported 3,130,570 for the nine months ended September 30, 2024, reflecting a 2.9% increase compared to the same period in 2023 [117]. - Ticket revenue for the attractions business reached $136,842,000 for the nine months ended September 30, 2024, with a 4.6% increase year-over-year [117]. - Revenue per attraction visitor was $56.42 for the nine months ended September 30, 2024, reflecting a 3.6% increase compared to the previous year [117]. Hospitality Metrics - RevPAR for the hospitality segment decreased to $153.41 for the nine months ended September 30, 2024, primarily due to reduced rooms revenue from the Jasper wildfires [117]. - Rooms revenue for the hospitality segment increased by 8.5% on a same-store basis for the nine months ended September 30, 2024 [117]. - The occupancy rate for the hospitality segment was 67.0% for the nine months ended September 30, 2024, down from 75.0% in the same period last year [117]. - The average daily rate (ADR) increased by 5.5% to $229.08 for the nine months ended September 30, 2024 [117]. Insurance and Wildfire Impact - The company received $4.7 million in insurance proceeds as a partial settlement related to the Jasper wildfires during the three months ended September 30, 2024 [104]. - The company is currently assessing the full value of losses related to the Jasper wildfires, with ongoing discussions with insurance carriers for potential recoveries [104]. - Net cash used in investing activities decreased by $4,661,000 to $48,843,000, primarily due to $3,823,000 in insurance proceeds related to the Jasper wildfires [132]. Capital and Liquidity - The company plans capital expenditures of approximately $70 million to $80 million over the next 12 months, including $30 million to $40 million on growth projects [128]. - As of September 30, 2024, the company had $64.6 million in unrestricted cash and cash equivalents, up from $52.7 million at the end of 2023 [124]. - The company had total available liquidity of $228.8 million as of September 30, 2024, compared to $160.7 million at the end of 2023 [124]. Debt and Financing - Proceeds from borrowings significantly increased to $374,282,000 from $49,044,000, indicating a rise of 664% [134]. - Net cash used in financing activities rose to $75,989,000, an increase of $63,088,000 compared to $12,901,000 in the previous year [134]. - The company recorded impairment charges of $6,110,000, with $5,500,000 related to the termination of a facility lease [131]. Shareholder Actions - Share repurchase authorization remains in place with 546,283 shares available for repurchase as of September 30, 2024 [135]. Other Financial Metrics - The effective tax rate for the three months ended September 30, 2024, was 15.8%, compared to 15.6% for the same period in 2023 [123]. - As of September 30, 2024, the company had cumulative unrealized foreign currency translation losses of $41,900,000 [138]. - Long-term contractual liabilities denominated in nonfunctional currencies amounted to $46,700,000 as of September 30, 2024 [139]. - The company entered into an interest rate cap agreement to hedge cash flows on $300,000,000 of SOFR-based borrowings [139].

Revenue Performance - Revenue for Q3 2024 was $455.7 million, an increase of $89.8 million (24.5%) compared to Q3 2023[6] - GES revenue increased to $273.4 million, up $94.5 million (52.8%) year-over-year, driven by approximately $104 million from major non-annual shows[7] - Total GES revenue for Q3 2024 was $455,704, a 24.5% increase from $365,899 in Q3 2023[17] - For the nine months ended September 30, 2024, revenue reached $1.1 billion, reflecting a 17.0% increase compared to $947.0 million in the same period of 2023[22] Net Income and Earnings - Net income attributable to Viad was $48.6 million, an increase of $7.3 million (17.8%) from Q3 2023[4] - Net income for Q3 2024 was $55,864, reflecting a 13.7% increase from $49,126 in Q3 2023[17] - Net income attributable to Viad for Q3 2024 was $48.6 million, up 17.8% from $41.3 million in Q3 2023[22] - Net income allocated to Viad common shareholders (diluted) for the three months ended September 30, 2024, was $35.655 million, a 19.3% increase from $29.897 million in 2023[19] Adjusted Income and EBITDA - Adjusted net income rose to $58.8 million, up $15.5 million (35.7%) year-over-year, mainly due to improved GES performance[7] - Consolidated adjusted EBITDA for Q3 2024 was $103.1 million, an increase of $16.9 million (19.6%) from the previous year[4] - Adjusted EBITDA for Q3 2024 was $103,130, a 19.6% increase from $86,254 in Q3 2023[17] - GES is expected to achieve adjusted EBITDA of $90 million to $95 million for the full year, an increase from previous guidance[11] Operational Highlights - Pursuit revenue decreased to $182.3 million, down $4.7 million (-2.5%) year-over-year, primarily due to temporary closures from the Jasper wildfire[7] - Pursuit completed the acquisition of Eddie's Café & Mercantile, enhancing its Glacier Park Collection[10] - The company is in the process of selling its GES business, but the completion timeframe and terms are uncertain[15] - There is a risk that the company may not realize the expected strategic, financial, and operational benefits from the GES business sale[15] Financial Position - Viad's total liquidity was $228.8 million as of September 30, 2024, with a net leverage ratio of 1.7x[9] - Total debt decreased by 16.6% to $398,202 from $477,645 year-over-year[17] - Viad shareholders' equity increased by 87.0% to $96,765 compared to $51,750 in Q3 2023[17] Shareholder Metrics - Basic income per common share rose by 17.5% to $1.68 from $1.43 in the same quarter last year[17] - Diluted income per common share increased by 17.0% to $1.65 compared to $1.41 in Q3 2023[17] - Diluted adjusted EPS for the three months ended September 30, 2024, was $2.01, up 34.9% from $1.49 in the prior year[20] Tax and Impairment Charges - The effective tax rate for the three months ended September 30, 2024, was 15.8%, compared to 15.6% for the same period in 2023[18] - Impairment charges recorded during the three months ended September 30, 2024, totaled $5.5 million related to the FlyOver attraction and $0.6 million for intangible assets due to wildfire losses[18] - The company incurred impairment charges of $6.1 million in Q3 2024, with no such charges reported in Q3 2023[22] Market Strategy - The company plans to continue its market expansion and product development, particularly focusing on the FlyOver attractions[20]