Quarterly ResultApr 30, 2026, 08:33 AM
GHC Q1 Revenue +6% to $1.24B; EPS $6.68; KLG Divestment & Impairment
AI Summary
Graham Holdings Co (GHC) reported a 6.0% increase in Q1 operating revenues to $1.24 billion and a 21.8% rise in net income attributable to common stockholders to $29.1 million, with basic EPS growing 21.5% to $6.68. The company also announced Kaplan's agreement to sell its Kaplan Languages Group (KLG) business, which led to a $19.0 million impairment charge. Additionally, GHC acquired $41.0 million in minority shares of CSI Pharmacy, increasing its ownership to 93.4%, and experienced a significant $68.9 million loss on marketable equity securities.
Key Highlights
- Kaplan entered an agreement to sell its Kaplan Languages Group (KLG) business, resulting in a $19.0 million impairment charge.
- Acquired $41.0 million in CSI Pharmacy minority shares, increasing ownership to 93.4%.
- Q1 Operating Revenues increased 6.0% to $1.24 billion from $1.17 billion year-over-year.
- Q1 Net Income Attributable to Graham Holdings Company Common Stockholders rose 21.8% to $29.1 million.
- Q1 Basic Net Income Per Common Share increased 21.5% to $6.68 from $5.50 year-over-year.
- Equity in earnings of affiliates swung to a $34.9 million gain from an $8.4 million loss year-over-year.
- Reported a $68.9 million loss on marketable equity securities, compared to a $43.8 million gain year-over-year.
- Net cash provided by operating activities increased 47.2% to $67.7 million.