Pursuit Attractions & Hospitality, Inc. — Form 8-K
Filed August 5, 2026 · analyzed by the 8-K Agent
8-K
▲ Likely positive
significance 52/100
What the filing says
Pursuit reported Q2 2026 record revenue of $133.5M (+14.3% YoY) and Q2 Adjusted EBITDA of $32.7M (+$3.0M YoY). On July 14, 2026, the company acquired Eagle Wing Tours (Victoria, BC whale watching) for C$23.9M (~$17.4M USD equivalent; 6.5x Adjusted EBITDA multiple), adding ~50,000 annual guests. On July 31, 2026, Pursuit completed the sale of Flyover Attractions to Brogent Technologies for $75M (14.5x 2025 Adjusted EBITDA). Full-year 2026 Adjusted EBITDA guidance raised by $5M to $128–$138M, driven by $6M incremental Flyover contribution pre-sale and $1–2M from Eagle Wing, partially offset by $2M negative FX impact. Net leverage improved to 1.5x (1.0x pro forma post-transactions); liquidity $160.9M ($220M pro forma). The company repurchased $43M stock YTD at $35.72/share.
Why this rating
M&A portfolio shift (2x major moves) plus 14% revenue growth and $5M EBITDA raise are material but modest relative to $614M market cap (~0.8–1.2% impact). Strategic but not transformational.
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