NYSE$GHC
Graham Holdings Co - Class B · Q1 2022 earnings
Q1 2022 earnings · · Investor relations
Briefing
Reported an increase in revenue and operating income, driven by growth in education, television broadcasting, healthcare, and automotive sectors.
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.
Headline financials
Revenue & EPS history
Graham Holdings · Revenue · Quarterly
$915M
Revenue by segment
Graham Holdings · $816M total across 5 segments · Q1 2022
- Education$358M+8.7%43.9%
- Automotive$151M—18.5%
- Television Broadcasting$123M+8.6%15.1%
- Manufacturing$116M-0.0%14.2%
- Healthcare$67.3M+34.4%8.2%
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.
Tailwinds
- 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.
Headwinds
- 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
- Item 1A of the Company’s Annual Report on Form 10-K, that could cause actual results or events to differ materially from those anticipated in such statements.
- Accordingly, undue reliance should not be placed on any forward-looking statement made by or on behalf of the Company.
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 20 quarterly earnings reports · overlaid with Q1 2022
-0.7%
Avg return
Earnings day
+0.0%
Avg return
5 days after
+0.5%
Avg return
30 days after
42%
28 / 67 earnings
Positive
+8.2%
Q3 2020
Best reaction
-9.4%
Q2 2024
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | -2.4% | -2.0% | -4.6% | |
| Q4 2025 | -1.5% | -1.7% | -1.6% | |
| Q3 2025 | -1.3% | -2.2% | +4.4% | |
| Q1 2025 | -0.8% | +1.5% | +2.9% | |
| Q4 2024 | +0.7% | -2.4% | -2.1% | |
| Q3 2024 | +6.8% | +6.9% | +17.9% | |
| Q2 2024 | -9.4% | -14.0% | -2.4% | |
| Q1 2024 | +3.5% | +6.3% | +7.3% | |
| Q4 2023 | -2.8% | -1.5% | +4.7% | |
| Q3 2023 | +3.4% | +7.0% | +10.2% | |
| Q2 2023 | +1.4% | +4.0% | +1.3% | |
| Q1 2023 | -1.6% | +1.6% | +2.6% | |
| Q4 2022 | -4.0% | -4.4% | -12.6% | |
| Q3 2022 | +0.9% | +0.1% | -4.8% | |
| Q2 2022 | -2.6% | -3.1% | -8.1% | |
| Q1 2022 | +3.6% | +2.6% | +4.1% | |
| Q4 2021 | +2.2% | +0.8% | +4.0% | |
| Q3 2021 | +2.0% | +2.5% | -0.8% | |
| Q2 2021 | -1.6% | -4.6% | -8.9% | |
| Q1 2021 | +2.4% | +5.1% | +5.0% | |
| Q4 2020 | -5.4% | -5.8% | -7.8% | |
| Q3 2020 | +8.2% | +10.1% | +17.2% | |
| Q2 2020 | +2.0% | +4.6% | +5.4% | |
| Q1 2020 | -7.4% | +1.5% | +2.1% | |
| Q4 2019 | +0.1% | +1.8% | -28.7% | |
| Q3 2019 | -2.3% | -1.8% | -2.0% | |
| Q2 2019 | -3.6% | -7.4% | -5.5% | |
| Q1 2019 | -2.7% | -4.3% | -8.5% | |
| Q4 2018 | -1.1% | -0.1% | +0.4% | |
| Q3 2018 | +7.1% | +9.7% | +17.0% | |
| Q2 2018 | -1.2% | +0.9% | +0.7% | |
| Q1 2018 | -2.9% | -1.2% | -4.2% | |
| Q4 2017 | -1.9% | -2.6% | +1.9% | |
| Q3 2017 | -0.3% | -2.5% | +2.7% | |
| Q2 2017 | -3.5% | -1.4% | -2.8% | |
| Q1 2017 | -2.0% | -1.8% | +0.9% | |
| Q4 2016 | +2.1% | +4.2% | +9.5% | |
| Q3 2016 | -5.3% | -5.4% | +4.3% | |
| Q2 2016 | +1.0% | -1.0% | -0.5% | |
| Q1 2016 | +0.1% | — | — | |
| Q4 2015 | -3.9% | — | — | |
| Q3 2015 | -3.7% | — | — | |
| Q2 2015 | +0.3% | — | — | |
| Q1 2015 | -2.2% | — | — | |
| Q4 2014 | -0.2% | — | — | |
| Q3 2014 | +2.2% | — | — | |
| Q2 2014 | +3.9% | — | — | |
| Q1 2014 | -0.8% | — | — | |
| Q2 2013 | -2.7% | — | — | |
| Q4 2013 | +3.9% | — | — | |
| Q3 2013 | +2.1% | — | — | |
| Q1 2013 | -0.1% | — | — | |
| Q4 2012 | -1.8% | — | — | |
| Q3 2012 | -1.7% | — | — | |
| Q2 2012 | +2.4% | — | — | |
| Q1 2012 | -2.3% | — | — | |
| Q4 2011 | +1.9% | — | — | |
| Q3 2011 | -2.6% | — | — | |
| Q2 2011 | +2.0% | — | — | |
| Q4 2008 | -0.4% | — | — | |
| Q1 2011 | -0.4% | — | — | |
| Q3 2009 | +0.3% | — | — | |
| Q3 2010 | +0.3% | — | — | |
| Q2 2009 | -8.4% | — | — | |
| Q2 2010 | -8.4% | — | — | |
| Q4 2010 | -8.4% | — | — | |
| Q1 2010 | +3.0% | — | — |
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