Graham Holdings(GHC)
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Graham Holdings(GHC) - 2025 Q1 - Quarterly Results
2025-04-30 12:32
Revenue and Income - Revenue for Q1 2025 was $1,165.9 million, a 1% increase from $1,152.7 million in Q1 2024[4] - Operating income rose to $47.5 million in Q1 2025, up 34% from $35.4 million in Q1 2024[4] - Net income attributable to common shares decreased to $23.9 million ($5.45 per share) in Q1 2025, down 81% from $124.4 million ($27.72 per share) in Q1 2024[10] - The company reported a net income of $25,721,000 for Q1 2025, compared to $125,339,000 in Q1 2024[26] - The diluted income per common share, as reported, was $5.45 for Q1 2025, down from $27.72 in Q1 2024[26] Cash Flow and Expenses - Adjusted operating cash flow for Q1 2025 was $88.0 million, a 6% increase from $82.8 million in Q1 2024[4] - Adjusted Operating Cash Flow (non-GAAP) increased by 15% to $54,139,000 in Q1 2025 from $46,976,000 in Q1 2024[21] - Operating expenses decreased by 2% to $384,698,000 from $392,011,000 year-over-year[21] Segment Performance - The healthcare division saw a revenue increase of 36% to $173.7 million in Q1 2025 compared to $128.2 million in Q1 2024[17] - Higher education segment revenues grew by 10% to $88,487,000, up from $80,122,000 in the same period last year[21] - Supplemental education segment revenues increased by 5% to $75,403,000, compared to $72,122,000 in Q1 2024[21] - The company experienced a 30% increase in operating income for the supplemental education segment, reaching $5,968,000 compared to $4,580,000 in the previous year[21] Capital and Financing - The company had $864.6 million in borrowings outstanding at an average interest rate of 6.0% as of March 31, 2025[6] - Capital expenditures for Q1 2025 totaled $14.1 million, a decrease from $21.5 million in Q1 2024[4] - The company repurchased 3,978 shares of Class B common stock at a cost of $3.5 million during Q1 2025[7] Market Activity - There were no significant business acquisitions or dispositions during the first three months of 2025[5] - The company plans to continue focusing on market expansion and new product development to drive future growth[23] Gains and Losses - The company recognized net gains on marketable equity securities of $43.8 million in Q1 2025, down 58% from $104.2 million in Q1 2024[6]
Graham Holdings(GHC) - 2025 Q1 - Quarterly Report
2025-04-30 12:24
Financial Performance - The Company reported a net income of $23.9 million ($5.45 per share) for Q1 2025, a significant decrease from $124.4 million ($27.72 per share) in Q1 2024[116]. - Revenue for Q1 2025 was $1,165.9 million, up 1% from $1,152.7 million in Q1 2024, with increases in education, healthcare, and other businesses[116]. - The effective tax rate for the first three months of 2025 was 23.5%, a decrease from 25.8% in the same period of 2024[149]. - The company reported net cash provided by operating activities of $46.0 million in Q1 2025, a significant increase from $1.1 million in Q1 2024[162]. Revenue Breakdown - The education division generated revenue of $424.7 million in Q1 2025, a 1% increase from $422.6 million in Q1 2024, with Kaplan reporting operating income of $40.0 million, up from $30.6 million[117]. - Healthcare revenue surged by 36% to $173.7 million in Q1 2025, with operating income rising to $18.3 million from $6.1 million[127]. - Television broadcasting revenue decreased by 8% to $103.6 million in Q1 2025, with operating income down 18% to $24.4 million[123]. - Manufacturing revenue fell by 4% to $98.0 million in Q1 2025, but operating income increased by 79% to $5.5 million[125]. - Automotive revenue decreased by 8% to $280.9 million in Q1 2025, with operating income declining by 33% to $6.5 million[129]. - Other businesses reported a 2% increase in revenue to $84.9 million in Q1 2025, driven by growth in specialty and retail segments[132]. - Kaplan's higher education revenue increased by 10% in Q1 2025, primarily due to a 4% rise in enrollments at Purdue Global[120]. Cash Flow and Capital Expenditures - Cash and cash equivalents decreased by $104.2 million in Q1 2025, primarily due to capital expenditures, share repurchases, and dividend payments[152]. - Capital expenditures for Q1 2025 were estimated to be between $85 million and $95 million for the entire year[164]. - The company had working capital of $777.0 million as of March 31, 2025, down from $898.8 million at the end of 2024[155]. - The company expects to fund its estimated capital needs primarily through existing cash balances and internally generated funds, with sufficient resources to meet business requirements in the next 12 months[161]. Financing Activities - The net interest expense for Q1 2025 was $79.8 million, compared to $17.2 million in Q1 2024, largely due to a substantial increase in the estimated fair value of mandatorily redeemable noncontrolling interest[143][158]. - The Company had $864.6 million in borrowings outstanding at an average interest rate of 6.0% as of March 31, 2025, an increase from $748.2 million at the end of 2024[144][156]. - Net cash used in financing activities was $(121.727) million for the first three months of 2025, compared to $1.526 million provided in the same period of 2024[165]. - Distributions paid to noncontrolling interests amounted to $(188.253) million in the first three months of 2025, significantly higher than $(797) thousand in 2024[165]. - The Company repurchased 3,978 shares of Class B common stock at a cost of approximately $3.5 million during the first three months of 2025[168]. - The Company has remaining authorization to purchase up to 462,482 shares of Class B common stock as of March 31, 2025[168]. - The Company made additional borrowings on its $300 million revolving credit facility in the first three months of 2025[166]. Market Risks and Forward-Looking Statements - The Company is exposed to market risks including equity price risk, interest rate risk, and foreign exchange rate risk[171]. - Forward-looking statements indicate potential risks and uncertainties that could affect the Company's future financial performance and business strategies[170]. - There were no significant changes to the Company's contractual obligations or commercial commitments from those disclosed in the previous Annual Report[169].
Out Of 70 Graham Value All-Stars, These 16 'Safer' Stocks Stand Out For April
Seeking Alpha· 2025-04-24 13:03
Group 1 - The leader of The Dividend Dog Catcher investing group shares at least one new dividend stock idea weekly, focusing on yield or extraordinary financial circumstances [1] - All investment ideas are archived and available for review after the weekly announcement [1] Group 2 - The article emphasizes that it is for informational and educational purposes only and should not be interpreted as investment advice [2] - It clarifies that past performance does not guarantee future results and that no specific investment recommendations are provided [3]
70 Graham All-Star Value (GASV) March Dividends Show 19 "Safer" Bearing 13 Ideal Dividend Dogs
Seeking Alpha· 2025-03-27 19:03
Group 1 - The article discusses a value ranking for large-cap stocks created by YCharts, which combines various complementary strategies identified during stock research [1] - This value ranking evaluates the price of a stock in relation to multiple measurements, indicating a systematic approach to stock valuation [1] Group 2 - The article mentions a live video series on Facebook called "Underdog Daily Dividend Show," hosted by Fredrik Arnold, which highlights potential portfolio candidates [2] - The show encourages audience interaction by allowing viewers to comment on their favorite or least favorite stock tickers for future reports [2]
Graham Healthcare Group Named a Winner of the 2025 Top Workplaces USA Award
Prnewswire· 2025-03-24 14:59
Core Points - Graham Healthcare Group has been awarded the USA TODAY Top Workplaces USA 2025 award, highlighting its commitment to a people-first workplace culture and employee experience [1][4] - The Top Workplaces program has a 15-year history, surveying over 20 million employees and recognizing organizations across 60 regional markets [2] - The award is based solely on employee feedback collected through an engagement survey, emphasizing the importance of employee voice in the workplace [3] Company Overview - Graham Healthcare Group, a subsidiary of Graham Holdings Company, provides home health, hospice, and palliative care to approximately 80,000 patients annually across several states [6] - The company employs nearly 3,000 professionals and serves 18,000 patients daily [6] Industry Insights - The Top Workplaces USA designation recognizes organizations with 150 or more employees that have established outstanding workplace cultures [3] - Job seekers and employees increasingly prioritize a positive and supportive work environment, making such recognitions significant for attracting talent [4]
Residential Hospice to Honor Vietnam Veterans
Prnewswire· 2025-03-21 15:07
Group 1 - Residential Hospice, Michigan will honor local Vietnam War Veterans on March 28, 2025, with an honorary lapel pin, a Certificate of Honor, and a 21-gun salute [1] - Michigan has over 170,000 Vietnam Veterans, and the event aims to officially thank them for their service and welcome them home [2] - Residential Hospice emphasizes the importance of veteran-focused care at the end of life and expresses gratitude to Vietnam War Veterans and their families [3] Group 2 - Graham Healthcare Group serves approximately 80,000 patients annually across multiple states, employing nearly 3,000 professionals [4] - Residential Hospice is a leading provider of hospice services in several states and is a 5-Star Partner of the We Honor Veterans program [5] - Residential Hospice, Michigan is one of Graham Healthcare Group's 11 We Honor Veterans locations, committed to supporting the unique needs of Veterans [6]
Media Alert: Seedlip and Well+Good Present Bar Botanica
GlobeNewswire News Room· 2025-03-19 12:00
WHERE: House of Good: 1212 Abbot Kinney Blvd, Unit C, Los Angeles, CA 90291 To learn more about the event, visit https://www.wellandgood.com/bar-botanica-seedlip-diageo/. About Well+Good Well+Good is a health and wellness media brand, known for its journalistic integrity, expert-led editorial, and ahead-of-the-curve trend-spotting. Founded in 2010, Well+Good delivers inclusive content that makes the path to feeling good feel good—for everyone. By amplifying different perspectives, experiences, and stories, ...
Only In Your State Launches Navigable Excursion Tool: Routes
Newsfilter· 2025-03-18 12:00
VENICE, Calif., March 18, 2025 (GLOBE NEWSWIRE) -- Only In Your State, a trusted source for authentic travel inspiration, today announced the launch of Routes: navigable excursions that transform road trips into forever memories. Curated by Only In Your State editors, each Route provides an itinerary, prioritizing the unmissable pit stops that reveal the beauty of the journey. Developed in partnership with the new 2025 Ford Bronco Sport®, Routes is designed to make way for adventure. Launching with a suite ...
Media Alert: Audible Presents The Conscious Club
GlobeNewswire News Room· 2025-03-12 12:00
VENICE, Calif., March 12, 2025 (GLOBE NEWSWIRE) -- Join Audible to celebrate Chrissy Teigen’s new well-being podcast at The Conscious Club. WHAT: In celebration of the new Audible Original podcast 'Self-Conscious with Chrissy Teigen,' House of Good is transforming into a vibrant and engaging space to explore the cutting edge of personal development. Inspired by Chrissy’s conversations with today’s leading well-being experts, visit for astrology readings, calming breathwork and sound bath sessions, feel-good ...
Realty Income: Why Graham's Wisdom Is Timely Now
Seeking Alpha· 2025-03-11 17:31
Group 1 - Realty Income (NYSE: O) is highlighted as a potential buy based on recent analysis, suggesting favorable market conditions for investment [1] - The article emphasizes the importance of dynamic asset allocation in generating high income and growth while managing isolated risks [1] - Sensor Unlimited, an economist with a PhD, has been covering the mortgage market, commercial market, and banking industry for the past decade, focusing on asset allocation and ETFs [2] Group 2 - The investment group Envision Early Retirement, led by Sensor Unlimited, offers model portfolios tailored for short-term survival and aggressive long-term growth [1] - The group provides direct access for discussions on investment ideas, monthly updates on holdings, and tax discussions [1]