earnings
confidence high
sentiment negative
materiality 0.75
Graham Holdings Q3 net income falls 49% to $39.6M; revenue up 13% to $809.4M
Graham Holdings Co
2021-Q3 EPS reported
$53.33
revenue$2,323,043,000
- Net income $39.6M ($7.90/share) in Q3 2021, down 49% from $77.6M ($15.22) in Q3 2020.
- Revenue $809.4M, +13% YoY, with growth at education, healthcare, automotive offset by declines in TV and manufacturing.
- Operating loss of $16.6M vs operating income of $40.2M a year ago, reflecting $26.8M in impairment charges.
- Education revenue $336M (+11%); Kaplan operating income $9.9M vs $3.3M; TV revenue -5% to $126.5M.
- Manufacturing revenue -6%; $26.7M goodwill impairment at Dekko due to demand weakness and cost pressures.