secwatch.observer — SEC 8-K summary
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Issuer:     Graham Holdings Co (GHC)
CIK:        0000104889
Form:       8-K
Filed at:   2022-08-03T23:59:59+00:00
Accession:  0000104889-22-000031
Event type: earnings
Sentiment:  neutral
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Graham Holdings Q2 GAAP loss $67.5M; adjusted EPS $12.07 beats year-ago $8.85
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/104889/000010488922000031/0000104889-22-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/104889/000010488922000031/ghc-20220803.htm
  HTML page:      https://secwatch.observer/filing/0000104889-22-000031

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