Graham Holdings Q3 revenue rises 9% to $1.2 billion; net income $72.5 million
Graham Holdings reported third-quarter 2024 revenue of $1.2 billion, up 9% from a year earlier, and net income attributable to common shareholders of $72.5 million ($16.42 per diluted share), compared with a loss of $23.0 million in the third quarter of 2023 that included impairment charges. The company also said it expects a one-time pre-tax pension settlement gain of approximately $700 million in the fourth quarter of 2024, after buying an annuity to transfer certain pension obligations.
Key points
- Q3 2024 revenue was $1,207.2 million, up 9% from $1,111.5 million; education, television broadcasting, healthcare and automotive increased while manufacturing declined.
- Q3 2024 operating income was $81.6 million, compared with an operating loss of $57.1 million in Q3 2023, which included goodwill and long-lived asset impairment charges.
- Adjusted net income (non-GAAP) was $76.1 million ($17.25 per share) for Q3 2024, versus $48.9 million ($10.45 per share) a year earlier.
- In October 2024 the company bought a group annuity for $461.3 million to settle $457.9 million of pension obligations, with an estimated fourth-quarter pre-tax gain of approximately $700 million.
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 October 30, 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.