earnings
confidence high
sentiment neutral
materiality 0.80
Graham Holdings Q2 GAAP loss $67.5M; adjusted EPS $12.07 beats year-ago $8.85
Graham Holdings Co
2022-Q2 EPS reported
$5.74
revenue$1,848,023,000
- Net loss attributable to common shares of $67.5M ($13.95/sh) vs income of $115.4M ($22.99) in Q2 2021; includes $165.5M pre-tax net losses on marketable equity securities.
- Adjusted net income rose to $59.7M ($12.07/sh) from $44.6M ($8.85), excluding impairment, securities gains/losses and fair value adjustments.
- Revenue increased 16% to $933.3M; operating income $39.3M vs $37.6M. Education revenue up 4% to $353M, manufacturing down 10% on lower wood prices.
- Healthcare revenue up 40% but operating income declined due to higher staffing costs; automotive revenue surged on Ford dealership acquisition and higher selling prices.
- On July 5, 2022, acquired a Toyota and a Chrysler-Dodge-Jeep-Ram dealership in Woodbridge, VA from Lustine Automotive Group.