Penton's Progress

摘要

When David Nussbaum took over as CEO of Penton Media on July 1,2004, he assumed control of a company that had been delisted from the New York Stock Exchange, had endured rounds of layoffs that damaged morale and had failed to grow its overall revenue since 2000. Now, after almost a year on the job, he can point to some modestly positive financial results as well as the fostering of a more entrepreneurial culture at the company. In 2004, a year split between Nussbaum and his predecessor, Thomas L. Kemp, the company posted a 3.2% gain in revenue, to $212.7 million—the first year-over-year increase since 2000. That trend has continued this year. In the first quarter, Penton's revenue totaled $53.3 million, an increase of 1% over the year-earlier period. The company's adjusted EBITDA (earnings before interest, taxes, depreciation and amortization) increased 25.8% to $15.5 million in the first quarter.