Global Experience Specialists Scores 3.9 Percent Same-show Growth in Recent Q1 2014 Earnings Report

April 25, 2014

Steve Moster, president of Global Experience Specialists, and his team had cause to celebrate with the latest earnings report, which posted an uptick in revenues, operating income and same-show growth in their division for the first quarter of this year.

Moster said the 3.9 percent uptick in same-show growth “bodes well” for the overall industry, as shows continue to climb back to pre-recession levels.

Q1 revenues for GES in the United States were $221.4 million, compared with $218.3 million in the same quarter last year. Operating income also rose to $15.9 million, from $14.1 million in the first quarter of 2013.

Viad, GES’ parent company, posted first quarter revenues for the entire company that were slightly higher, $285.6 million,compared with $285.2 million in 2013.

“It was a great quarter, and I want to thank the team for everything they did,” Moster said.

Even better news was, even with the loss of International CES in the first quarter, the growth numbers by GES’ other significant shows, including CONEXPO/CON-AGG and IFPE, more than made up for it.

“During the quarter, we produced the largest tradeshow in North America, CONEXPO/CON-AGG and IFPE, which set new records for both exhibit space and number of exhibitors,” said Paul Dykstra, Viad chairman, president and CEO.

Moster said the growth was coming from two areas; organic growth, in which shows are just getting  bigger, as well as selling more new products and services.

One of those services is audiovisual, which GES brought in house and has seen a good business from.

The rest of the year also looks good for GES, with positive show rotation in the next three quarters expected to top $65 million. The third quarter in particular is on tap to be a strong one, with the International Manufacturing Technology Show opening in Chicago in September.

“We’re excited about that event as well,” Moster said.

GES also had some significant renewals recently, with the True Value Spring and Fall Markets and Chicago Auto Show, and new wins, including SIBOS 2014 and international business with UBM in Germany and France.

“We’re had some great wins, and we’ve had some great renewals,” Moster said. “What we’re most excited about is our future growth prospects crossing the (annual revenue) $1 billion mark for the business.”

Add new comment

Partner Voices
  MGM Resorts is renowned for its exceptional service and diverse venue options across Las Vegas, Detroit, Springfield, National Harbor, Biloxi, and Atlantic City, providing flexible spaces for meetings of any size. Beyond these offerings, MGM Resorts distinguishes itself through a strong commitment to social responsibility and sustainability, making it an ideal choice for your next meeting.  At the core of MGM Resorts' company values is its platform, "Focused on What Matters," dedicated to meeting customer needs while advancing socially responsible practices. This commitment is evident in several key areas:  Protecting Natural Resources  MGM Resorts is home to industry-leading recycling, renewable electricity and water conservation programs. Some highlights include a cogeneration power plant at ARIA, producing ultra-efficient electricity; one of America’s largest contiguous rooftop solar arrays atop the convention center at Mandalay Bay; and onsite wells that provide water for the celebrated Fountains of Bellagio, avoiding reliance on precious Colorado River water. These efforts and many more save on natural resources while boosting attendee satisfaction.  Committed to Community  Always striving to be good neighbors, MGM Resorts works to avoid food waste and combat food insecurity with the Feeding Forward program. In partnership with local food banks, they safely divert unserved food to food insecure members of the community. Since 2016, over 5 million meals have been provided, highlighting MGM Resorts' commitment to minimizing food waste and addressing community needs.  MGM Resorts supports clients in their responsible-meetings efforts, not only with efficient venues but also waste-reducing décor and signage; sustainable food and beverage options; and outreach to help planners communicate sustainability efforts to attendees. What’s more, they offer a Mindful Meetings series that puts attendee wellness first—through fitness and mindfulness activities, and in give-back events with local charity organizations.   Fostering Diversity & Inclusion  To MGM Resorts, a diverse and talented workforce is essential to success. By cultivating innovative strategies that consider multiple perspectives and viewpoints, the company creates an inclusive workplace culture that benefits its employees and community. MGM Resorts takes pride in being a welcoming home for veterans, individuals with disabilities, people from diverse backgrounds, LGBTQ+ community members, and more. This commitment to inclusion is reflected in the company's recruitment and hiring practices and its social responsibility initiatives. From the workplace to the community, MGM Resorts' commitment to diversity, equity and inclusion remains unwavering, and its efforts continue to create a more equitable and sustainable world for all.  MGM Resorts offers unparalleled service and venue options while standing out for its proactive approach to sustainability and community engagement. Choosing MGM Resorts for your next meeting means aligning with a company that values social responsibility, efficiency, and attendee satisfaction, ensuring a meaningful and impactful event experience.