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Mar 31, 2022
Graham Holdings Q1 2022 Earnings Report
Reported an increase in revenue and operating income, driven by growth in education, television broadcasting, healthcare, and automotive sectors.
Key Takeaways
Graham Holdings Company reported a net income attributable to common shares of $95.6 million ($19.45 per share) for Q1 2022, compared to $112.5 million ($22.44 per share) for Q1 2021. Revenue for the first quarter of 2022 was $914.7 million, up 28% from $712.5 million in the first quarter of 2021. The Company reported operating income of $40.0 million for the first quarter of 2022, compared to $33.8 million for the first quarter of 2021.
Revenue increased by 28% to $914.7 million, driven by growth in education, television broadcasting, healthcare, and automotive sectors.
Net income attributable to common shares was $95.6 million, or $19.45 per share.
Operating income increased to $40.0 million, up from $33.8 million in the same period last year.
Education division revenue increased by 9% to $358.0 million, with Kaplan reporting operating income of $20.4 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 2021 Annual Report to Stockholders, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Positive Outlook
- Comments about expectations related to acquisitions or dispositions or related business activities, including the TOSA
- The Company’s business strategies and objectives
- Anticipated results of license renewal applications
- The prospects for growth in the Company’s various business operations
- The Company’s future financial performance.
Challenges Ahead
- The duration and severity of the COVID-19 pandemic and its effects on the Company’s operations, financial results, liquidity and cash flows.
- Various risks
- Uncertainties
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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