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Dec 31, 2019
Graham Holdings Q4 2019 Earnings Report
Reported increased revenue and net income, driven by acquisitions and gains on marketable equity securities.
Key Takeaways
Graham Holdings Company reported a net income attributable to common shares of $145.9 million ($27.25 per share) for Q4 2019, compared to $56.7 million ($10.61 per share) for the same period in 2018. Revenue for the fourth quarter of 2019 was $763.5 million, up 11% from $689.1 million in 2018. The increase in revenue was largely due to the acquisition of two automotive dealerships in January 2019 and the acquisition of Clyde’s Restaurant Group (CRG) in July 2019.
Q4 revenue increased by 11% year-over-year to $763.5 million, driven by acquisitions and growth in education and healthcare divisions.
Net income attributable to common shareholders rose to $145.9 million, or $27.25 per share, compared to $56.7 million, or $10.61 per share, in Q4 2018.
Operating income decreased to $30.3 million from $75.6 million in the same period last year, impacted by declines in television broadcasting and manufacturing divisions.
The company's results were affected by items such as a settlement gain related to a retiree annuity pension purchase and net gains on marketable equity securities.
Revenue by Segment
Forward Guidance
This report contains certain forward-looking statements that are based largely on the Company’s current expectations. Forward-looking statements are subject to certain risks and uncertainties that could cause actual results and achievements to differ materially from those expressed in the forward-looking statements.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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