Viad Corporation (VVI) swung to a net profit for the quarter ended Mar. 31, 2017. The company has made a net profit of $6.78 million, or $ 0.33 a share in the quarter, against a net loss of $6.98 million, or $0.35 a share in the last year period.

Revenue during the quarter surged 34.99 percent to $325.81 million from $241.36 million in the previous year period. Total expenses were 5.31 percent of quarterly revenues, up from 2.22 percent for the same period last year.

However, the adjusted EBITDA for the quarter stood at $22.28 million compared to negative $0.59 million in the prior year second quarter. At the same time, adjusted EBITDA margin stood at 6.84 percent for the quarter compared to negative 0.25 percent in the last year period.

Steve Moster, president and chief executive officer, commented, "2017 is off to a solid start with GES exceeding our prior guidance and Pursuit coming in near the high-end of guidance. We continue to see favorable trends in our industries and positive momentum in both business groups as we execute against our strategic growth plans. With a strong first quarter behind us, we remain focused on delivering our full-year financial targets."