Seeking Alpha

Graham Holdings Company (GHC)

  • Fri, May 1, 9:53 AM
    • After some down premarket trading, Graham Holdings (NYSE:GHC) is up 0.7% in early trade after earnings from continuing operations slipped Y/Y to $3.62/share, from last year's $17.56/share.
    • Revenues were up 1% but declined across all the company's mainline businesses. "Other business" revenues that jumped 154% were boosted by 2014 acquisitions, including hospice service providers as well as screw jack maker Joyce/Dayton, but also include publishing arms Slate Group and Foreign Policy Group.
    • Revenue by segment: Education, $500.6M (down 4%); Cable, $198.7M (down 3%); Television Broadcasting, $83.6M (down 2%); Other, $63.3M (up 154%).
    • The company's proceeding with plans to spin off Cable ONE later in 2015, and to sell substantially all of its Kaplan KHE Campuses business, which should close in Q3.
    • Press release
    | Comment!
  • Fri, May 1, 9:27 AM
    • Graham Holdings (NYSE:GHC): Q1 EPS of $3.62
    • Revenue of $846.1M (+1.1% Y/Y)
    • Shares -2.3% PM.
    • Press Release
    | Comment!
  • Fri, Feb. 20, 9:37 PM
    • Graham Holdings (NYSE:GHC) -- the former Washington Post Company -- was up 3.7% at the open and easily crested the $1,000/share mark again, following its Q4 earnings, before giving back all of the day's gains by midday.
    • Education revenues from Kaplan operations ($551.4M, nearly flat) still made up the bulk of its $925.3M in revenues, but particularly strong were revenues in TV broadcasting, up 20% to $102.4M (aided by political ads in a midterm election year). Operating income in broadcast was up 24% to $54.4M.
    • Revenue from "other businesses" (which includes digital-heavy publishing operations like Slate, Foreign Policy, The Root) more than doubled to $73.8M, from $30.7M.
    • Seems like unloading The Washington Post to Jeff Bezos made the rest of the business great, Benjamin Freed says. He notes that now-GHC shares opened at $560.14 that summer 2013 day, headed to $584.97 that week and it's been a "robust trajectory" ever since. From the time of the sale, shares are up 83% vs. the S&P's +22%.
    • Other companies are doing the same, he notes: See News Corp. (NASDAQ:NWSA) splitting off Twenty-First Century Fox (FOX, FOXA); Tribune Media (NYSE:TRCO) dropping publications into Tribune Publishing and thriving as a broadcast/real estate company; and Gannett (NYSE:GCI), which plans to spin off USA Today and its dailies.
    • Q4 earnings; press release
    | Comment!
  • Fri, Feb. 20, 8:38 AM
    • Graham Holdings (NYSE:GHC): Q4 EPS of $17.31
    • Total revenue of $925.3M (+7% Y/Y)
    • Education revenue of $551.38M (+0.1% Y/Y)
    • Press Release
    | Comment!
  • Oct. 31, 2014, 8:43 AM
    • Graham Holdings (NYSE:GHC): Q3 EPS of $13.12.
    • Revenue of $898.9M (+5.0% Y/Y).
    • Press Release
    | Comment!
  • Aug. 1, 2014, 8:37 AM
    • Graham Holdings (NYSE:GHC): Q2 EPS of $7.31
    • Revenue of $878.6M (+0.9% Y/Y)
    • Press Release
    | Comment!
  • May 2, 2014, 9:24 AM
    • Graham Holdings (GHC): Q1 EPS of $17.65.
    • Revenue of $840.56M (+2% Y/Y).
    • Press Release
    | Comment!
  • Feb. 21, 2014, 8:46 AM
    • Graham Holdings (GHC): Q4 EPS of $10.88
    • Revenue of $555.01M (+1.6% Y/Y)
    • Press Release
    | Comment!
  • Nov. 1, 2013, 8:44 AM
    • Washington Post (WPO): Q3 EPS of $7.26 vs. $7.69 lats year.
    • Revenue of $902.5M vs. $877.6M last year. (PR)
    | Comment!
  • Aug. 2, 2013, 8:48 AM
    • Washington Post (WPO): Q2 EPS of $8.47.
    • Revenue of $1.02B. (PR)
    | Comment!
  • May 3, 2013, 8:50 AM
    Washington Post (WPO): Q1 EPS of $0.82. Revenue of $959.1M. (PR)
    | Comment!
  • Feb. 22, 2013, 8:54 AM
    Washington Post (WPO): Q4 EPS of $10.61. Revenue of $1.05B misses by $30M. (PR)
    | Comment!
  • Nov. 2, 2012, 8:38 AM
    Washington Post (WPO): Q3 EPS of $6.79. Revenue of $1.01B (flat% Y/Y). (PR)
    | Comment!
  • Feb. 24, 2012, 10:39 AM
    Washington Post's (WPO +0.4%) Q4 earnings fell 22% as results at the media company's Kaplan higher education division, which accounts for the bulk of its overall revenue, dropped sharply. WPO reported a profit of $61.7M, or $8.03/share, down from $79M, or $9.42/share, a year earlier, and revenue dropped 10% to $1.06B, but results beat estimates.
    | Comment!
  • Aug. 5, 2011, 12:00 PM
    Shares of Washington Post (WPO +1.8%) gain, despite a Q2 report showing a sharp decline in revenue (-10% Y/Y) and net income (-50% Y/Y). The firm missed analyst estimates on EPS by $0.13, as it struggles to keep enrollment stable in its Kaplan Higher Education business.
    | Comment!
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Company Description
Graham Holdings Co together with its subsidiaries, operates as a diversified education and media company in the United States and internationally.