分组1 - Graham reported quarterly earnings of $0.31 per share, exceeding the Zacks Consensus Estimate of $0.17 per share, and showing an increase from $0.18 per share a year ago, resulting in an earnings surprise of +78.88% [1] - The company achieved revenues of $56.7 million for the quarter ended December 2025, surpassing the Zacks Consensus Estimate by 10.37%, compared to $47.04 million in the same quarter last year [2] - Graham has outperformed the S&P 500, with shares increasing by about 14.8% since the beginning of the year, while the S&P 500 has declined by 0.7% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.38 on revenues of $63.49 million, and for the current fiscal year, it is $1.29 on revenues of $236.2 million [7] - The Manufacturing - General Industrial industry, to which Graham belongs, is currently ranked in the top 32% of over 250 Zacks industries, indicating a favorable outlook compared to the bottom 50% [8]

BATAVIA, N.Y.--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM) ("GHM†or the "Company†), a global leader in the design and manufacture of mission critical fluid, power, heat transfer, vacuum, and advanced mixing technologies for the Defense, Energy & Process, and Space industries, today reported financial results for its third quarter for the fiscal year ending March 31, 2026 ("fiscal 2026†). Graham's President and Chief Executive Officer, Matthew J. Malone stated, "Our third quarter result. ...

Company Overview - Graham (GHM) is expected to report earnings for the quarter ended December 2025, with a consensus estimate of $0.17 per share, reflecting a year-over-year decline of 5.6% [3] - Revenues are anticipated to be $51.37 million, which represents a 9.2% increase from the previous year [3] Earnings Expectations - The earnings report is scheduled for release on February 6, and the stock price may rise if actual results exceed expectations, while a miss could lead to a decline [2] - The consensus EPS estimate has been revised down by 2.95% over the last 30 days, indicating a bearish sentiment among analysts [4] Earnings Surprise Prediction - The Zacks Earnings ESP (Expected Surprise Prediction) model indicates that Graham has an Earnings ESP of -88.46%, suggesting analysts have become more pessimistic about the company's earnings prospects [12] - The stock currently holds a Zacks Rank of 3, making it challenging to predict an earnings beat conclusively [12] Historical Performance - In the last reported quarter, Graham was expected to post earnings of $0.33 per share but delivered $0.31, resulting in a surprise of -6.06% [13] - Over the past four quarters, Graham has beaten consensus EPS estimates three times [14] Industry Comparison - RBC Bearings (RBC), a peer in the Zacks Manufacturing - General Industrial industry, is expected to report earnings of $2.85 per share, reflecting a year-over-year increase of 21.8% [18] - RBC's revenues are projected to be $461.12 million, up 16.9% from the previous year, with a consensus EPS estimate revised 0.9% higher in the last 30 days [19]

Core Insights - Piper Sandler's "Macro Select" stock-picking model significantly outperformed the S&P 500 in 2025, achieving a return of approximately 22% compared to the S&P 500's 16% gain [1] - The updated Macro Select list for 2026 focuses on stocks with strong earnings surprises, earnings revisions, attractive earnings yield, and high return on equity (ROE) [3] Stock Performance - AT&T Inc. (Ticker: T) in the Communication Services sector had a 1-year return of 10% [5] - Graham Holdings (Ticker: GHC) in the Consumer Discretionary sector had a 1-year return of 4% [6] - Par Pacific Holdings (Ticker: EAT) in the Consumer Discretionary sector had a 1-year return of 12% [7] - Deluxe Corporation (Ticker: PARR) in the Energy sector had a 1-year return of 13% [8] - Mueller Water Products (Ticker: MWA) in the Industrials sector had a 1-year return of 14% [10] - Kilroy Realty (Ticker: KRC) in the Real Estate sector had a 1-year return of 6% [11] - UGI Corporation (Ticker: UGI) in the Utilities sector had a 1-year return of 33% [12] - Clearway Energy (Ticker: CWEN) in the Utilities sector had a 1-year return of 23% [13]

Company Overview - Graham (GHM) shares increased by 7.3% to close at $69.5, with a notable trading volume indicating strong investor interest [1] - The stock has experienced a 16.9% gain over the past four weeks, reflecting positive market sentiment [1] Market Drivers - The rally in Graham's stock is primarily attributed to optimism regarding its performance in defense, energy, and process markets, bolstered by a robust U.S. defense budget and increased sales in China [1] - The upcoming quarterly earnings report is expected to show earnings of $0.25 per share, representing a year-over-year increase of 38.9%, with revenues projected at $51.06 million, up 8.6% from the previous year [2] Earnings Estimates and Trends - The consensus EPS estimate for Graham has remained unchanged over the last 30 days, indicating stability in earnings expectations [3] - Historical data suggests that stock prices typically do not continue to rise without trends in earnings estimate revisions, highlighting the importance of monitoring future earnings updates for Graham [3] Industry Context - Graham operates within the Zacks Manufacturing - General Industrial industry, where Generac Holdings (GNRC) is another key player, currently holding a Zacks Rank of 4 (Sell) with an unchanged EPS estimate of $1.82, reflecting a year-over-year decline of 35% [3][4]

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Core Points - The event is the Graham Holdings 2025 Investor Day, which includes presentations that may contain forward-looking statements based on the company's current expectations [1] - Forward-looking statements involve risks and uncertainties that could lead to actual results differing from those projected, including business strategies, growth prospects, and financial performance [2] - The company does not assume any obligation to update forward-looking statements after the date they are made, unless required by law [2] Company Introduction - Timothy J. O'Shaughnessy is introduced as the CEO of Graham Holdings [3]

Core Thesis - Graham Holdings Company (GHC) is viewed as a bullish long-term investment opportunity due to its diversified business model, strong financial performance, and undervalued shares [1][6]. Company Overview - GHC is a diversified, family-controlled conglomerate operating in sectors such as education, media, healthcare, industrial, and consumer services, formerly known as The Washington Post Company [2]. - The company rebranded in 2013 and includes businesses like Kaplan's education services, local TV broadcasting through Graham Media Group, home healthcare, manufacturing, and digital media assets [2]. Education Segment - The education segment, particularly Kaplan, is a cornerstone of GHC, focusing on standardized test preparation and professional licensing, although it faces margin pressures from digital, low-cost competitors [3]. Media Operations - Graham Media's local TV stations benefit from government licensing and retransmission fee protections, creating effective monopolies in local markets [3]. Healthcare and Manufacturing - The healthcare business operates in a fragmented sector with temporary barriers due to local relationships, while manufacturing and niche operations face more competitive environments [4]. Financial Performance - GHC has shown steady growth with five-year annualized revenue expansion in the low double digits and positive profit margins, although these figures lag behind broader market benchmarks [5]. - The company maintains disciplined capital allocation, reflected in a solid return on equity exceeding internal thresholds and an ROIC above its cost of capital [5]. Shareholder Value - Strong free cash flow generation and exceptional recent EPS growth of over 200% indicate effective management and alignment with shareholder interests [6]. - Ongoing share repurchases, with nearly half a million shares authorized for buyback, further demonstrate commitment to returning value to shareholders [5].

Summary of Graham Holdings Company 2025 Investor Day Company Overview - **Company**: Graham Holdings Company (NYSE: GHC) - **Event**: 2025 Investor Day held on December 9, 2025 Key Industry and Company Insights Financial Performance - 2025 has been a strong year for Graham Holdings, with major businesses performing at or above expectations [3][4] - Adjusted operating cash flow increased from $307 million to $310 million year-to-date, despite a $45 million reduction at Graham Media Group [9] - Kaplan's revenue increased by 4% year-to-date, with adjusted operating cash flow up 18% [9] - Healthcare segment revenue increased by 36% and adjusted operating cash flow by 46% year-to-date [15] Strategic Focus - The company emphasizes driving cash flow per share through owners' earnings growth, share repurchases, pension management, and acquisitions [4][5] - Acquisitions include the purchase of Hoover Architectural Solutions and a Honda dealership, enhancing existing operations [6][7] - The company maintains a strong balance sheet with $1.236 billion in cash and securities against $732 million in debt, resulting in a net cash position of $504 million [27] Challenges and Risks - Graham Media Group faces challenges due to reduced political spending in non-election years, with revenues down 28% and operating income down 57% [36] - The local broadcast industry is experiencing audience fragmentation and economic challenges, leading to concerns about long-term viability [12][14] - Regulatory changes could impact the local broadcast landscape, with potential for a managed decline if no substantial changes occur [15] Growth Opportunities - The healthcare segment is expected to continue growing, with plans for geographical expansion, including entry into California [16][37] - Kaplan is focusing on enhancing its online offerings and has successfully transitioned from physical test prep centers to online leadership [10][11] - Framebridge is expanding its retail footprint, with a target of 20-25 new store openings in 2026 [23][24] Management and Personnel Updates - New appointments include Spiro Roiniotis as Chief Technology Officer and Dee Grine as CEO of Graham Healthcare Group [8] - The management team is focused on leveraging technology and improving operational efficiencies across segments [8][60] Market Dynamics - The company is navigating challenges in the education sector due to immigration policy changes affecting student enrollment [39][40] - Political advertising is expected to see record spending in the upcoming midterm elections, benefiting Graham Media Group [61][62] Capital Allocation Strategy - Graham Holdings is focused on bolt-on acquisitions and increasing ownership stakes in existing businesses as part of its capital allocation strategy [53][54] - The company is cautious about leveraging its balance sheet, prioritizing operational cash flow and securities for funding [43][44] Conclusion Graham Holdings Company is positioned for growth in several segments, particularly healthcare and education, while facing challenges in the media landscape. The management's strategic focus on cash flow, acquisitions, and operational efficiency aims to navigate these challenges and capitalize on emerging opportunities.

Group 1 - Residential Home Health and Hospice has been recognized as one of the Best Places to Work in Pennsylvania for the fourth consecutive year [1][3] - The award is based on workplace policies, practices, and a confidential employee survey measuring employee experience and workplace culture [2] - The company emphasizes its commitment to creating a positive and engaging employee experience, which in turn benefits the patients and families they serve [3] Group 2 - Graham Healthcare Group, the parent company of Residential Home Health and Hospice, employs over 3,000 professionals and serves approximately 19,000 patients daily [5] - Residential Home Health and Hospice provides home health, palliative, and hospice care across multiple states including Florida, Illinois, Kansas, Michigan, Missouri, Ohio, and Pennsylvania [6] - Best Companies Group, which conducts the evaluation for the Best Places to Work award, has been identifying great employers since 2004 and provides data to help companies improve employee recruitment and retention [10]