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Mar 31, 2023
Graham Holdings Q1 2023 Earnings Report
Reported a decrease in net income but an increase in revenue, driven by growth in education, healthcare and automotive segments.
Key Takeaways
Graham Holdings Company reported a net income attributable to common shares of $52.3 million, or $10.88 per share, for the first quarter of 2023, compared to $95.6 million, or $19.45 per share, for the first quarter of 2022. Revenue for the first quarter of 2023 was $1,031.5 million, up 13% from $914.7 million in the first quarter of 2022. The company's operating income was $27.7 million, down from $40.0 million in the same period last year.
Net income attributable to common shares decreased to $52.3 million ($10.88 per share) from $95.6 million ($19.45 per share) year-over-year.
Revenue increased by 13% to $1,031.5 million compared to $914.7 million in the first quarter of 2022.
Operating income declined to $27.7 million from $40.0 million year-over-year.
Adjusted operating cash flow (non-GAAP) decreased to $71.6 million from $80.4 million year-over-year.
Revenue by Segment
Forward Guidance
The company did not provide specific forward guidance in this earnings report.
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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