Viad Corp (VVI)

Operating profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Operating income (ttm)	US$ in thousands	108,402	138,452	-267,690	-257,951	-343,625	108,709	340,912	-22,797	-201,518	94,425	-132,042	-146,264	-116,240	-74,732	-13,180	82,325	79,445	83,340	84,007	76,950
Revenue (ttm)	US$ in thousands	1,206,572	1,201,986	1,217,882	1,230,247	1,145,072	1,059,757	873,248	597,613	488,124	334,814	168,297	138,328	407,336	702,063	1,003,473	1,377,118	1,358,273	1,338,442	1,335,023	1,297,024
Operating profit margin		8.98%	11.52%	-21.98%	-20.97%	-30.01%	10.26%	39.04%	-3.81%	-41.28%	28.20%	-78.46%	-105.74%	-28.54%	-10.64%	-1.31%	5.98%	5.85%	6.23%	6.29%	5.93%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $108,402K ÷ $1,206,572K
= 8.98%

Viad Corp.'s operating profit margin has shown a fluctuating trend over the past eight quarters. The margins have ranged from -6.86% in Q1 2022 to a peak of 7.63% in Q4 2023. It is positive to note that the company has seen an improvement in its operating profit margin since Q1 2022. This indicates that Viad Corp. has been able to control its operating expenses more effectively and/or increase its revenues relative to its operating costs. However, the margin decreased in Q1 2023 compared to the previous quarter, suggesting a potential challenge in maintaining profitability. Overall, further analysis of the company's cost structure and revenue generation strategies may be necessary to fully understand the factors influencing its operating profit margin fluctuations.