EU and US could reach trade deal this weekend - Reuters
DENVER - Pursuit Attractions and Hospitality, Inc. (NYSE: PRSU), a company specializing in attractions and hospitality with a market capitalization of $790 million, has announced Mike Bosco as the new Senior Vice President and Chief Accounting Officer (CAO), effective July 1, 2025. The appointment comes as the company’s stock trades near its 52-week low of $26.66, according to InvestingPro data. Bosco is set to succeed Leslie Striedel, who will be leaving the company on June 30 after an 11-year tenure.
Bosco will join the Pursuit team from Vail Resorts, Inc., where he has built a 16-year career, most recently serving as Vice President & Assistant Controller. His background boasts extensive experience in operational and technical accounting, financial reporting, internal controls, and SEC compliance. He holds a master’s degree in accounting science from Northern Illinois University and a bachelor’s degree in accounting from Elmhurst College.
Bo Heitz, Chief Financial Officer at Pursuit, praised Leslie Striedel’s contributions, stating that she has been a strong guiding force in the company’s milestones, including its recent transition to a standalone, publicly traded entity. He expressed confidence in Bosco’s ability to bring valuable financial and accounting expertise to the senior leadership team amid the company’s next phase of growth.
In his new role, Bosco will lead Pursuit’s global accounting operations, collaborate with external auditors, and partner with Heitz to innovate accounting systems and processes in support of the company’s strategic goals.
Pursuit owns and operates a variety of attractions and lodges in the United States, Canada, and Iceland, offering unique experiences at national parks and global travel locations. The company has demonstrated strong revenue growth, with a remarkable 189% increase in the last twelve months, though it currently operates with moderate debt levels and an EBITDA of approximately $60 million. The company’s recent developments and Bosco’s arrival signal its commitment to growth and enhancing shareholder value. For deeper insights into Pursuit’s financial health and growth prospects, investors can access comprehensive analysis through InvestingPro’s detailed research reports, which cover over 1,400 US stocks.
Bosco expressed excitement about joining Pursuit at a pivotal time and is ready to contribute to the company’s ongoing success. This appointment is part of Pursuit’s strategic efforts to strengthen its leadership team as it continues to expand its global footprint.
The information for this report is based on a press release statement from Pursuit.
In other recent news, Pursuit Attractions and Hospitality reported fourth-quarter revenue of $366.5 million, surpassing analyst expectations of $250.8 million. The company also posted an adjusted loss per share of $0.15, significantly better than the anticipated loss of $1.40 per share. For the full year 2024, Pursuit’s revenue grew by 4.6% to $366.5 million, largely driven by increased ticket sales, despite challenges such as wildfires affecting Jasper National Park. Looking ahead, Pursuit anticipates revenue growth in the low-double digits for 2025 and projects adjusted EBITDA between $98 million and $108 million, marking a substantial increase from 2024.
Additionally, Pursuit recently completed the sale of its GES business for $535 million, allowing the company to focus on its core attractions and hospitality operations. This strategic move has reduced high-cost debt and bolstered liquidity for future growth. Analyst firm Craig-Hallum initiated coverage on Pursuit with a Buy rating and a $40 price target, noting the company’s transition to a higher growth, higher margin business. The firm highlighted Pursuit’s strong balance sheet and deep pipeline of mergers and acquisitions opportunities.
Pursuit’s management is optimistic about future revenue growth, citing factors such as the recovery of tourism in Jasper National Park and contributions from recent acquisitions. The company plans to finance future M&A activities primarily through debt, which will be paid down using operational cash flow. Since 2014, Pursuit has invested $460 million internally, resulting in significant EBITDA growth, and analysts see potential for upward revisions to the company’s 2026 estimates.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.