Pursuit Reports Record Q1 Revenue, Expands Buyback by $50M, Reaffirms 2026 Outlook
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Pursuit Attractions & Hospitality reported record first quarter 2026 revenue of $51.6 million, a 37.4% year-over-year increase, driven by strong demand for its experiential destinations. Despite the seasonally slow quarter, the company showed improved net loss and Adjusted EBITDA compared to the prior year, and reaffirmed its full-year 2026 growth outlook. This strong operational performance is complemented by significant capital allocation, with $40.4 million in share repurchases completed and an additional $50 million added to the buyback authorization, bringing the total remaining to $59.6 million. Furthermore, the pending $78.4 million sale of Flyover is expected to significantly reduce net leverage. This update demonstrates robust execution against its Vision 2030 strategy and a commitment to shareholder returns, building on the strong 2025 results and guidance previously reported. Investors will watch for continued execution of growth projects and the successful closing of the Flyover sale.
At the time of this announcement, PRSU was trading at $41.90 on NYSE in the Trade & Services sector, with a market capitalization of approximately $1.2B. The 52-week trading range was $26.66 to $42.80. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.