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Mar 31, 2021
Graham Holdings Q1 2021 Earnings Report
Graham Holdings reported net income attributable to common shares, with revenue slightly decreased, and operating income increased due to improved results in education, manufacturing, healthcare and other businesses.
Key Takeaways
Graham Holdings Company reported a net income attributable to common shares of $112.5 million for Q1 2021, compared to a loss of $33.2 million for Q1 2020. Revenue was $712.5 million, a 3% decrease from $732.3 million in Q1 2020. Operating income was $33.8 million, compared to $8.1 million in the same period last year.
Net income attributable to common shares was $112.5 million ($22.44 per share) for Q1 2021, compared to a loss of $33.2 million ($6.32 per share) for Q1 2020.
Revenue for Q1 2021 was $712.5 million, down 3% from $732.3 million in Q1 2020.
Operating income for Q1 2021 was $33.8 million, compared to $8.1 million for Q1 2020.
On April 5, 2021, the Company announced it had entered into an agreement to acquire all outstanding shares of common stock of Leaf Group Ltd. for approximately $323 million.
Revenue by Segment
Forward Guidance
All public statements made by the Company and its representatives that are not statements of historical fact, including certain statements in this press release, in the Company’s Annual Report on Form 10-K and in the Company’s 2020 Annual Report to Stockholders, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Challenges Ahead
- Actual results may differ materially from those projected as a result of certain risks and uncertainties, including but not limited to the duration and severity of the COVID-19 pandemic and its effects on the Company’s operations, financial results, liquidity and cash flows.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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