Graham Holdings Company reported a revenue increase of 12% to $1,152.7 million and an operating income increase to $35.4 million for the first quarter of 2024. Net income attributable to common shares was $124.4 million ($27.72 per share), compared to $52.3 million ($10.88 per share) for the first quarter of 2023.
Revenue for the first quarter of 2024 was $1,152.7 million, up 12% from $1,031.5 million in the first quarter of 2023.
Operating income for the first quarter of 2024 was $35.4 million, compared to $27.7 million for the first quarter of 2023.
Adjusted operating cash flow (non-GAAP) for the first quarter of 2024 was $82.8 million, compared to $71.6 million for the first quarter of 2023.
Net income attributable to common shares for the first quarter of 2024 was $124.4 million ($27.72 per share), compared to $52.3 million ($10.88 per share) for the first quarter of 2023.
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 2023 Annual Report to Stockholders, are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.
Visualization of income flow from segment revenue to net income