\nPursuit Attractions and Hospitality, Inc. (\u201cPursuit\u201d) (NYSE: PRSU) today reported strong first quarter 2026 results, reaffirmed full year guidance, and announced significant share repurchases, reflecting sustained demand for its iconic destinations, a disciplined focus on guest experience, and confidence in its strategy and operating model.<\/p>\n
\n\u201cWe delivered record first quarter results and continue to execute against our Vision 2030 strategy with a consistent and disciplined playbook that has delivered double-digit compound annual growth over the past decade,\u201d said David Barry, Pursuit president and chief executive officer. \u201cWe are delivering business growth through our relentless focus on team member and guest experience, and we\u2019re investing in ourselves through low-risk growth investments in well-instrumented businesses to make experiences better and guests happier, which in turn drives profitability. Additionally, we continue to actively pursue acquisitions to broaden our portfolio of experiential infrastructure in iconic locations while opportunistically repurchasing stock at compelling valuations.\u201d<\/p>\n
First Quarter 2026 Highlights<\/span><\/b><\/p>\n First Quarter 2026 Financial Performance<\/span><\/b><\/p>\n * Refer to Table Two of this press release for a discussion and reconciliation of this non-GAAP financial measure to its most directly comparable GAAP financial measure.<\/i><\/p>\n \nIn addition to the commentary above, further information regarding Pursuit’s financial results, trends, and outlook are available in a supplemental earnings presentation, which can be accessed on the “Investors<\/a>” section of the company’s website, and in the financial tables accompanying this press release.<\/p>\n March 31, 2026 Balance Sheet and Liquidity Highlights<\/span><\/b><\/p>\n ** Cash and debt amounts shown here are inclusive of Flyover cash and debt balances of $0.9 million and $13.9 million, respectively, which have been classified as held for sale on our balance sheet.<\/i><\/p>\n Flyover Sale for $78.4 Million Expected to Close in May 2026<\/span><\/b><\/p>\n \nOn January 21, 2026, Pursuit entered into an agreement to sell its Flyover Attractions business to Brogent Technologies Inc. for approximately $78.4 million, subject to customary adjustments, representing an implied multiple of approximately 15x Flyover\u2019s 2025 Adjusted EBITDA contribution. The transaction is expected to close in May 2026, subject to regulatory approvals and customary closing conditions. This divestiture further sharpens Pursuit\u2019s strategic focus on its core portfolio of iconic sightseeing attractions and destination-anchored hospitality in the world\u2019s most compelling destinations. The proceeds will be used to reduce revolver debt and reinvest into high-return organic growth projects and strategic acquisitions aligned with Pursuit\u2019s core strategy.<\/p>\n 2026 Outlook<\/span><\/b><\/p>\n \n\u201cWe are reaffirming our full year revenue and Adjusted EBITDA guidance based on our solid first quarter and sustained positive indicators of consumer demand across our experiences and destinations for the balance of the year. We remain confident in our 2026 outlook,\u201d said Barry.<\/p>\n \nThe company\u2019s guidance is below.<\/p>\n\n
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