Graham Holdings posts Q3 net loss of $23M; impairments hit operating income

Graham Holdings Co

2023-Q3 EPS reported $32.14 revenue$3,248,064,000

Q3 GAAP net loss of $23.0M ($5.02/share) vs. net income of $32.8M ($6.76/share) a year ago; adjusted net income of $48.9M ($10.45/share).
Revenue rose 10% to $1,111.5M, driven by education (+16%), healthcare (+33%), and automotive (+29%), partly offset by TV broadcasting (-14%).
Operating loss of $57.1M vs. operating income of $59.5M; includes $98.3M goodwill/asset impairment charges ($84.4M after-tax).
Education (Kaplan) operating income up 60% to $29.9M; TV broadcasting operating income down 39% to $31.9M; manufacturing includes $47.8M Dekko impairment.
Acquired a Toyota dealership in Henrico, VA on Sep 27, 2023; restructuring Leaf Group into three standalone businesses ongoing.

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 the third quarter ended September 30, 2023 results: revenue $1,111.5 million, net income net loss attributable to common shares of $23.0 million ($5.02 per share), EPS $5.02 per share.

Period: the third quarter ended September 30, 2023
Revenue: $1,111.5 million
Net income: net loss attributable to common shares of $23.0 million ($5.02 per share)
EPS: $5.02 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 $1.3 million, or $0.28 per share). Revenue for the third quarter of 2023 was $1,111.5 million, up 10% from $1,012.4 million in the third quarter of 2022. Revenues increased at education, healthcare and automotive, partially offset by declines at television broadcasting,

View on SEC.gov

8 earnings releases filed in the last 30 days. Browse all earnings releases →

Graham Holdings Co filing history →

Source: SEC EDGAR

accession 0000104889-23-000063

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.