Pursuit Attractions and Hospitality, Inc.

PRSU: 10-Q · periodic report

Pursuit Attractions and Hospitality posted a strong Q2 2026, with revenue of $133.5 million, up 14.3% year over year, and net income attributable to Pursuit of $15.2 million ($0.54 diluted EPS) versus $5.6 million ($0.20) in the prior-year quarter. Hospitality drove the beat, with RevPAR up 23.3% as reported to $201.05 and ADR up 19.1% to $264.20, while six-month revenue rose 20.0% to $185.1 million. The company is actively reshaping its portfolio: it acquired Eagle Wing Tours for CAD $23.9 million (about USD $17.0 million) on July 14, 2026, and completed the sale of its Flyover attractions to Brogent Technologies for approximately $75.0 million in cash on July 31, 2026, recording a $3.1 million impairment on the disposal group in the quarter. Capital returns are accelerating: the board doubled the share repurchase authorization to $100.0 million on May 1, 2026, and Pursuit bought back $32.7 million of stock in the first half of 2026, leaving $57.1 million authorized. Total available liquidity stood at $160.9 million at quarter-end against long-term debt and finance leases of $234.1 million, with 2026 capex planned at $103-114 million. Growth was largely price-driven: same-store effective ticket price rose 5.7% while same-store visitors fell 4.9% on unfavorable weather near several attractions, and same-store RevPAR gained 10.0% on higher rates.

SEC 10-Q•2mo ago

Pursuit Reports Record Second Quarter 2026 Results and Updates Full Year Guidance While Advancing Long-term Growth Initiatives

Pursuit reported record Q2 revenue of $133.5 million, up 14.3% year-over-year, and raised full-year Adjusted EBITDA guidance to $128 million-$138 million, an increase of $5 million. The guidance raise reflects incremental contributions from the recently closed Eagle Wing Tours acquisition and the Flyover business prior to its sale, partially offset by unfavorable exchange rates. Operationally, the company completed the $75 million sale of its non-core Flyover business and repurchased $7.5 million of stock, leaving net leverage at 1.5x.

•2mo ago

Pursuit Announces First Major Organic Growth Investment at Tabacón Thermal Resort & Spa

Pursuit plans to develop three premium guest accommodation villas at Tabacón Thermal Resort & Spa, marking the first major organic growth investment since acquiring the Costa Rican resort in July 2025. The 2,250-square-foot villas are slated for a Summer 2027 opening and aim to capture rising demand for high-end, nature-based experiences near Arenal Volcano National Park. CEO David Barry emphasized that the move supports the Vision 2030 strategy to create shareholder value through disciplined investments in iconic destinations.

•2mo ago

Pursuit Completes Strategic Divestiture of Flyover Business, Strengthening Focus on Growth in Iconic Destinations

Pursuit completed the sale of its Flyover flying theater business to Brogent Technologies for $75 million, representing a multiple of approximately 14.5 times Flyover's 2025 Adjusted EBITDA. The final purchase price was revised downward from the originally agreed $78.4 million due to closing conditions, though the reduction was more than offset by the business's earnings during the extended closing period. Management intends to deploy the proceeds towards high-return organic growth projects, strategic acquisitions, and opportunistic share repurchases to deliver on its Vision 2030 targets.

•2mo ago

Pursuit Expands into One of Canada's Leading Tourism Destinations with Eagle Wing Tours Acquisition

Pursuit Attractions and Hospitality acquired Eagle Wing Tours, a Victoria-based whale watching and marine wildlife operator, marking its entry into the Vancouver Island market. Founded in 1997, Eagle Wing welcomes over 50,000 guests annually with a fleet of five vessels; the transaction closed on July 14, 2026. The acquisition aligns with Pursuit’s Vision 2030 strategy, and operations will continue under existing leadership with support from Pursuit’s marketing capabilities.

•3mo ago

Pursuit Reveals Hotel Whitefish, the Next Chapter of Grouse Mountain Lodge

Pursuit unveiled Hotel Whitefish, a multi-million-dollar reinvestment in its Grouse Mountain Lodge property in Montana, marking the next chapter of its 60-year presence in the region. The transformation is rolling out in phases: 72 refreshed South Wing guestrooms are now open, with pool and hot tub upgrades arriving this summer and a new 8,250-square-foot Event Pavilion opening in Fall 2026. The full Hotel Whitefish experience, including reimagined dining, lobby, and remaining guestrooms, is targeted for launch in Summer 2027. This project is part of Pursuit’s broader plan to deploy more than $300 million into growth projects across its portfolio by 2030.

•4mo ago

Pursuit Reports Record First Quarter 2026 Results

Pursuit reported record Q1 revenue of $51.6 million, up 37.4% year-over-year, driven by strong demand and the contribution from the Tabacón acquisition. The company reaffirmed its full-year 2026 guidance for revenue of $465 million at the midpoint and Adjusted EBITDA of $123 million to $133 million. Pursuit also announced $40.4 million in year-to-date share repurchases and the sale of its Flyover Attractions business for $78.4 million, expected to close in May.

•5mo ago