Emerald (EEX) investor relations material

Executive summary

• Revenues for Q1 2026 increased 5.2% year-over-year to $155.4 million, driven by acquisitions and scheduling adjustments.

• Net income declined 52.9% to $7.2 million, primarily due to higher selling, general and administrative expenses and increased cost of revenues.

• Adjusted EBITDA was $52.7 million, down 1.7% from the prior year.

• A merger agreement was signed in May 2026 to take the company private at $5.03 per share in cash.

Financial highlights

• Cost of revenues rose 8.8% to $55.9 million, and selling, general and administrative expenses increased 32.9% to $71.9 million.

• Operating income fell 45.5% to $19.5 million.

• Interest expense decreased 46% to $9.4 million due to lower third-party fees and a reduced effective interest rate.

• Free Cash Flow increased to $26.9 million from $10.8 million year-over-year.

Outlook and guidance

• Management expects current financial resources to be sufficient for liquidity needs over the next twelve months.

• Dividend of $0.015 per share declared for Q2 2026.