Viad Corporation (VVI) saw its loss widen to $4.05 million, or $0.20 a share for the quarter ended Dec. 31, 2016. In the previous year period, the company reported a loss of $0.96 million, or $0.05 a share.

Revenue during the quarter went up marginally by 1.88 percent to $256.40 million from $251.67 million in the previous year period. Total expenses were 0.21 percent of quarterly revenues, down from 2.75 percent for the same period last year.

However, the adjusted EBITDA for the quarter stood at $6.94 million compared with $8.18 million in the prior year period. At the same time, adjusted EBITDA margin contracted 54 basis points in the quarter to 2.71 percent from 3.25 percent in the last year period.

Steve Moster, president and chief executive officer, said, "2016 was a great year for Viad. We delivered strong financial results and took important steps to accelerate our growth strategy. Both business groups did an excellent job driving profitable growth with a resulting increase in income per share before other items of 63 percent. We acquired four businesses during the year that enhance our existing offerings and provide economies of scale and scope with strong margins. We also completed a full refresh of our leading attraction, the Banff Gondola. We expect these investments to continue to drive profitable growth and yield solid returns in 2017 and beyond."