Pursuit Attractions and Hospitality Q4 Earnings Call Highlights

Pursuit Attractions and Hospitality (NYSE:PRSU) executives highlighted grounds fiscal show successful 2025, outlined a portfolio reshaping that included acquisitions and an agreed merchantability of the company’s FlyOver business, and introduced “Vision 2030” fiscal targets during the company’s fourth-quarter and full-year net call.

President and CEO David Barry said 2025 represented the company’s “best results ever,” citing broad-based maturation crossed the portfolio and continued improvements successful impermanent acquisition scores. Pursuit reported serving 4.2 cardinal attraction visitors and 439,000 country nights during the year.

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Chief Financial Officer Bo Heitz said full-year gross accrued 23% twelvemonth implicit twelvemonth to $452.4 million. He attributed the maturation chiefly to the betterment astatine the company’s Jasper properties, which were temporarily closed successful the 2nd fractional of 2024 owed to wildfire activity, arsenic good arsenic contributions from caller experiences, output optimization, and continued request crossed the portfolio. Excluding Jasper properties that were temporarily closed successful the anterior twelvemonth and caller experiences not operated for each of some periods, Heitz said gross roseate $29.7 million, oregon 10%.

Adjusted EBITDA roseate $40.1 cardinal to $117.1 million, supported by gross growth, operating leverage, outgo discipline, and a 500 ground constituent betterment successful borderline to 26%, absorption said. Net income attributable to Pursuit (including discontinued operations) was $22.7 cardinal compared with $368.5 cardinal successful the anterior year, with Heitz noting the year-over-year alteration was chiefly owed to the merchantability of GES successful 2024. Adjusted nett income was $33.5 million, up from $3.7 cardinal a twelvemonth earlier.