Graham Holdings 2023 revenue rises 12% to $4.4 billion; adjusted profit falls
Graham Holdings reported fourth-quarter and full-year 2023 results on February 23, 2024. Revenue rose 12% for the year to $4.4 billion and 10% in the fourth quarter to $1.2 billion, led by education, healthcare and automotive, while full-year operating income fell to $69.4 million from $83.9 million, mainly due to goodwill impairment charges. Reported net income rose to $205.3 million ($43.82 per share) from $67.1 million, but excluding certain items it fell to $200.5 million ($42.78 per share) from $287.2 million ($59.03 per share).
Key points
- Full-year 2023 revenue was $4,414.9 million, up 12% from $3,924.5 million in 2022.
- Full-year 2023 operating income was $69.4 million, compared with $83.9 million in 2022, due to goodwill impairment charges at World of Good Brands and Dekko.
- Fourth-quarter 2023 net income attributable to common shares was $53.3 million ($11.72 per share), compared with $6.2 million ($1.28 per share) a year earlier.
- Excluding certain items, fourth-quarter 2023 net income was $49.7 million ($10.94 per share), compared with $90.5 million ($18.80 per share) in the fourth quarter of 2022.
The filing
Written by AI on Nov 8, 2026, 1:05 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on February 23, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.