Penton Revenues Climb 32.7% in Third Quarter, 29.4% for First Nine Months; EBITDA Growth Modest in Quarter Due to Show Timing, Year-to-date EBITDA Jumps 54.2%.

Business Wire (October 22, 1999)


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Penton Revenues Climb 32.7% in Third Quarter, 29.4% for First Nine Months; EBITDA Growth Modest in Quarter Due to Show Timing, Year-to-date EBITDA Jumps 54.2%.

CLEVELAND--(BUSINESS WIRE)--Oct. 21, 1999--

Fall Show Results Very Strong

Penton Media, Inc. (NYSE:PME) today said its revenues for the third quarter grew 32.7% to $70.1 million versus third quarter 1998, while EBITDA (earnings before interest, taxes, depreciation and amortization) reached $7.3 million, a 5.8% increase over third quarter 1998. EBITDA growth in the quarter was modest as period costs for Penton's full trade show portfolio were expensed during the quarter, which traditionally has a light schedule of trade shows and associated revenues. Revenues for the nine-month period ended September 30 grew 29.4% to $212.8 million, while EBITDA expanded 54.2% to $34.9 million on the strength of second-quarter t...



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