NYSE$GHC

Graham Holdings Co - Class B · Q3 2022 earnings

Q3 2022 earnings · · Investor relations

Briefing

Reported an increase in revenue and operating income compared to the same quarter last year, driven by growth in education, television broadcasting, manufacturing, healthcare, and automotive sectors.

Graham Holdings Company reported net income attributable to common shares of $32.8 million, or $6.76 per share, for the third quarter of 2022, compared to $39.6 million, or $7.90 per share, for the third quarter of 2021. Revenue increased by 25% to $1,012.4 million. Operating income was $59.5 million, compared to an operating loss of $16.6 million in the prior year.

  • Revenue for the third quarter of 2022 increased by 25% to $1,012.4 million, compared to $809.4 million in the third quarter of 2021.
  • Net income attributable to common shares was $32.8 million ($6.76 per share) for the third quarter of 2022, compared to $39.6 million ($7.90 per share) for the third quarter of 2021.
  • Operating income for the third quarter of 2022 was $59.5 million, compared to an operating loss of $16.6 million for the third quarter of 2021.
  • Excluding certain items, net income attributable to common shares was $75.9 million ($15.65 per share) for the third quarter of 2022, compared to $29.5 million ($5.87 per share) for the third quarter of 2021.

Headline financials

Total Revenue

$1.01B

Previous: $809M+25.1%
EPS (adj)

$15.65

Previous: $7.44+110.3%
Borrowings Outstanding

$710M

Previous: $556M+27.8%
Capital Expenditures

-$57.1M

Previous: -$141M+59.5%
Free Cash Flow

-$24.3M

Previous: -$101M+76.0%
Net Income

$32.8M

Previous: $39.6M-17.2%
Operating Income

$59.5M

Previous: -$16.6M+458.5%
Gross Profit

-$137K

Previous: -$411K+66.7%
Cash & Equivalents

$150M

Previous: $134M+11.9%
Total Assets

$7.28B

Previous: $6.68B+8.9%
Stock-Based Comp

$1.45M

Previous: $1.63M-10.8%

Revenue & EPS history

Graham Holdings · Revenue · Quarterly

$1.01B

Q3 2022+25.1%vs Q3 2021
Beat estimate in 8 of 14 quarters(57%)
ActualEstimate

Revenue by segment

Graham Holdings · $912M total across 5 segments · Q3 2022

  • Education
    $355M+5.7%
  • Automotive
    $211M+149.6%
  • Television Broadcasting
    $135M+6.9%
  • Manufacturing
    $123M+23.3%
  • Healthcare
    $87.2M+57.2%

Forward guidance

The company did not provide specific forward guidance but expects improvement in both revenue and operating results to continue in the fourth quarter of 2022 for Clyde's Restaurant Group.

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 Q3 2022

Historical avgQ3 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

Earnings price reactions
QuarterReport dateReaction (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%

Discussion

Share your read of this quarter. Sign-in carries your eToro identity.

Join the conversation

Sign in with eToro to post your read of this quarter and vote on others'.

Sign in with eToro