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Graham Holdings(GHC) - 2025 Q1 - Quarterly Results
GHCGraham Holdings(GHC)2025-04-30 12:32

Revenue and Income - Revenue for Q1 2025 was 1,165.9million,a11,165.9 million, a 1% increase from 1,152.7 million in Q1 2024[4] - Operating income rose to 47.5millioninQ12025,up3447.5 million in Q1 2025, up 34% from 35.4 million in Q1 2024[4] - Net income attributable to common shares decreased to 23.9million(23.9 million (5.45 per share) in Q1 2025, down 81% from 124.4million(124.4 million (27.72 per share) in Q1 2024[10] - The company reported a net income of 25,721,000forQ12025,comparedto25,721,000 for Q1 2025, compared to 125,339,000 in Q1 2024[26] - The diluted income per common share, as reported, was 5.45forQ12025,downfrom5.45 for Q1 2025, down from 27.72 in Q1 2024[26] Cash Flow and Expenses - Adjusted operating cash flow for Q1 2025 was 88.0million,a688.0 million, a 6% increase from 82.8 million in Q1 2024[4] - Adjusted Operating Cash Flow (non-GAAP) increased by 15% to 54,139,000inQ12025from54,139,000 in Q1 2025 from 46,976,000 in Q1 2024[21] - Operating expenses decreased by 2% to 384,698,000from384,698,000 from 392,011,000 year-over-year[21] Segment Performance - The healthcare division saw a revenue increase of 36% to 173.7millioninQ12025comparedto173.7 million in Q1 2025 compared to 128.2 million in Q1 2024[17] - Higher education segment revenues grew by 10% to 88,487,000,upfrom88,487,000, up from 80,122,000 in the same period last year[21] - Supplemental education segment revenues increased by 5% to 75,403,000,comparedto75,403,000, compared to 72,122,000 in Q1 2024[21] - The company experienced a 30% increase in operating income for the supplemental education segment, reaching 5,968,000comparedto5,968,000 compared to 4,580,000 in the previous year[21] Capital and Financing - The company had 864.6millioninborrowingsoutstandingatanaverageinterestrateof6.0864.6 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 21.5millioninQ12024[4]Thecompanyrepurchased3,978sharesofClassBcommonstockatacostof21.5 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 43.8millioninQ12025,down5843.8 million in Q1 2025, down 58% from 104.2 million in Q1 2024[6]