Every material Form 8-K Graham filed with the SEC in 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
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.
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.
Graham Holdings reported second-quarter 2024 revenue of $1,185.3 million, up 7% from a year earlier, led by education, healthcare and automotive. It swung to a net loss attributable to common shareholders of $21.0 million ($4.79 per share), compared with income of $122.8 million ($25.89 per share) in the second quarter of 2023, mainly due to $26.3 million of goodwill and intangible asset impairment charges at World of Good Brands and a $73.5 million interest expense tied to a fair value adjustment. Excluding these and other listed items, adjusted net income was $56.9 million ($12.70 per share), down from $61.1 million ($12.88 per share).
Revenue: $1,185.3 million, up 7% from $1,105.0 million in Q2 2023
Operating income: $25.9 million, down from $58.1 million, due to impairment charges at World of Good Brands
Net loss attributable to common shareholders: $21.0 million ($4.79 per share), versus income of $122.8 million ($25.89 per share) a year earlier
Adjusted net income (non-GAAP): $56.9 million ($12.70 per share), versus $61.1 million ($12.88 per share)
Graham Holdings reported first-quarter 2024 revenue of $1.15 billion, up 12% from a year earlier, and operating income of $35.4 million, up from $27.7 million. Reported net income attributable to common shareholders rose to $124.4 million ($27.72 per diluted share), helped by $104.2 million in net gains on marketable equity securities, while adjusted net income excluding those and other items was $50.4 million ($11.24 per share) versus $40.2 million ($8.36) a year earlier.
Revenue of $1,152.7 million, up 12% from $1,031.5 million, led by education, healthcare and automotive
Operating income of $35.4 million versus $27.7 million; manufacturing and automotive declined
Net income attributable to common shareholders of $124.4 million ($27.72 per diluted share), including $104.2 million in net gains on marketable equity securities
Repurchased 28,606 Class B shares for $20.0 million in the quarter; $815.6 million in borrowings outstanding at March 31, 2024
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).
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.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.
Only material 8-Ks get a brief: results, deals, executive changes, restructuring, impairments, delisting notices, restatements, cybersecurity incidents and other disclosed events. Routine filings (vote results, exhibits only) are skipped. Every Graham filing is on SEC EDGAR ↗. 8-K briefs of other companies →