Graham Holdings Q1 net income falls 45% to $52.3M; revenue up 13% to $1.03B

Graham Holdings Co

2023-Q1 EPS reported $10.88 revenue$1,031,546,000

GAAP EPS $10.88 vs $19.45 YoY; adjusted EPS $8.36 vs $12.76
Revenue $1.03B (+13%) driven by education (+6%), healthcare (+52%), automotive acquisitions
Operating income $27.7M vs $40.0M; declines in TV broadcasting, manufacturing, healthcare
Adjusted operating cash flow $71.6M vs $80.4M; education and healthcare increased
Healthcare revenue up 52% from CSI growth and acquisitions; operating income down due to pension credit program

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Graham Holdings Co reported first quarter of 2023 results: revenue $1,031.5 million, net income $52.3 million, EPS $10.88 per share.

Period: first quarter of 2023
Revenue: $1,031.5 million
Net income: $52.3 million
EPS: $10.88 per share
Result: reported results

Exact text from the filing

to adjust the fair value of the mandatorily redeemable noncontrolling interest (after-tax impact of $3.3 million, or $0.67 per share). Revenue for the first quarter of 2023 was $1,031.5 million, up 13% from $914.7 million in the first quarter of 2022. Revenues increased at education, healthcare and automotive, partially offset by declines at television broadcasting,

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Graham Holdings Co reported first quarter of 2022 results: revenue $914.7 million, net income $95.6 million, EPS $19.45 per share.

Period: first quarter of 2022
Revenue: $914.7 million
Net income: $95.6 million
EPS: $19.45 per share
Result: reported results

Exact text from the filing

mandatorily redeemable noncontrolling interest (after-tax impact of $3.3 million, or $0.67 per share). Revenue for the first quarter of 2023 was $1,031.5 million, up 13% from $914.7 million in the first quarter of 2022. Revenues increased at education, healthcare and automotive, partially offset by declines at television broadcasting, manufacturing and other

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Source: SEC EDGAR

accession 0000104889-23-000032

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