earnings
confidence high
sentiment positive
materiality 0.75
Graham Holdings Q3 net income $72.5M, revenue up 9% to $1.21B; expects $700M pension gain in Q4
Graham Holdings Co
2024-Q3 EPS reported
$39.49
revenue$3,545,104,000
- Revenue $1,207.2M (+9% YoY); operating income $81.6M vs -$57.1M in Q3 2023 (prior year included impairments).
- Net income $72.5M ($16.42/diluted share) vs net loss $23.0M ($5.02 loss) in Q3 2023; adjusted EPS $17.25.
- Repurchased 64,490 shares for $48.7M in Q3; remaining authorization 486,132 shares.
- Purchased group annuity contract for $461.3M to settle $457.9M pension obligation; expects $700M pre-tax gain in Q4 2024.