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GHC — Graham Holdings News Story

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Graham Holdings Q4 profit hit by drop in automotive sales

Overview

Graham Holdings' Q4 revenue rises slightly

Q4 net profits drops sharply to $108.7 mln from $548.8 mln; adjusted net profit also down

Company completed acquisition of Honda dealership in Woodbridge, VA

Outlook

Company did not provide specific guidance for future quarters or fiscal year

Result Drivers

EDUCATION GROWTH - Education division revenue increased slightly, with significant growth in operating income due to higher fees from Purdue Global and other higher education programs

HEALTHCARE EXPANSION - Healthcare division revenue and operating income rose significantly, driven by expansion in infusion treatment offerings and patient service areas

AUTOMOTIVE DECLINE - Automotive revenues fell due to dealership closure and lower vehicle sales, partially offset by Honda dealership acquisition

Company press release: ID:nBw9PJW5Ka

Key Details

MetricBeat/MissActualConsensus Estimate
Q4 RevenueMiss$1.25 bln$1.30 bln (1 Analyst)
Q4 EPS$24.69
Q4 Net Income$110.89 mln
Q4 Pretax ProfitBeat$172.39 mln$88.50 mln (1 Analyst)
Q4 Operating Expenses$1.17 bln
Q4 Operating Income$47.59 mln
For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com. (This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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