Graham Holdings Q4 profit hit by drop in automotive sales

Reuters02-25 21:43
Graham Holdings Q4 profit hit by drop in automotive sales

Overview

  • Graham Holdings' Q4 revenue rises slightly

  • Q4 net profits drops sharply to $108.7 mln from $548.8 mln; adjusted net profit also down

  • Company completed acquisition of Honda dealership in Woodbridge, VA

Outlook

  • Company did not provide specific guidance for future quarters or fiscal year

Result Drivers

  • EDUCATION GROWTH - Education division revenue increased slightly, with significant growth in operating income due to higher fees from Purdue Global and other higher education programs

  • HEALTHCARE EXPANSION - Healthcare division revenue and operating income rose significantly, driven by expansion in infusion treatment offerings and patient service areas

  • AUTOMOTIVE DECLINE - Automotive revenues fell due to dealership closure and lower vehicle sales, partially offset by Honda dealership acquisition

Company press release: ID:nBw9PJW5Ka

Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q4 Revenue

Miss

$1.25 bln

$1.30 bln (1 Analyst)

Q4 EPS

$24.69

Q4 Net Income

$110.89 mln

Q4 Pretax Profit

Beat

$172.39 mln

$88.50 mln (1 Analyst)

Q4 Operating Expenses

$1.17 bln

Q4 Operating Income

$47.59 mln

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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