Revenue Performance - Revenue for the third quarter of 2024 was $1,207.2 million, up 9% from $1,111.5 million in the third quarter of 2023[2] - Revenue for the first nine months of 2024 was $3,545.1 million, up 9% from $3,248.1 million in the first nine months of 2023[3] - Total operating revenues for the company grew by 9% to $1.21 billion in Q3 2024 from $1.11 billion in Q3 2023[16] - Education division operating revenues increased by 6% to $438.09 million in Q3 2024 compared to $411.84 million in Q3 2023[16] - Television broadcasting operating revenues grew by 25% to $145.42 million in Q3 2024 from $116.11 million in Q3 2023[16] - Healthcare division operating revenues surged by 34% to $155.41 million in Q3 2024 compared to $116.16 million in Q3 2023[16] - Manufacturing division operating revenues declined by 13% to $95.39 million in Q3 2024 from $109.22 million in Q3 2023[16] - Automotive division operating revenues increased by 6% to $289.39 million in Q3 2024 compared to $272.02 million in Q3 2023[16] - Kaplan International operating revenues increased by 11% to $277.0 million in Q3 2024 compared to $250.0 million in Q3 2023[19] - Higher Education operating revenues grew by 5% to $85.7 million in Q3 2024 from $81.9 million in Q3 2023[19] - Supplemental Education operating revenues decreased by 3% to $76.1 million in Q3 2024 from $78.3 million in Q3 2023[19] - Total operating revenues for the Education Division increased by 6% to $438.1 million in Q3 2024 from $411.8 million in Q3 2023[19] Operating Income and Cash Flow - Operating income for the third quarter of 2024 was $81.6 million, compared to an operating loss of $57.1 million in the third quarter of 2023[2] - Operating income for the first nine months of 2024 was $143.0 million, compared to $28.6 million in the first nine months of 2023[3] - Adjusted operating cash flow (non-GAAP) for the third quarter of 2024 was $126.1 million, up from $83.7 million in the third quarter of 2023[2] - Adjusted operating cash flow (non-GAAP) for the first nine months of 2024 was $307.4 million, up from $255.3 million in the first nine months of 2023[3] - Education division operating income increased by 17% to $34.89 million in Q3 2024 compared to $29.86 million in Q3 2023[16] - Television broadcasting operating income surged by 94% to $61.91 million in Q3 2024 from $31.95 million in Q3 2023[16] - Healthcare division operating income increased by 91% to $14.26 million in Q3 2024 compared to $5.97 million in Q3 2023[16] - Total operating income for the company was $81.65 million in Q3 2024 compared to a loss of $57.11 million in Q3 2023[16] - Kaplan International operating income increased by 15% to $25.5 million in Q3 2024 from $22.2 million in Q3 2023[19] - Higher Education operating income grew by 34% to $11.4 million in Q3 2024 from $8.5 million in Q3 2023[19] - Supplemental Education operating income increased by 15% to $11.2 million in Q3 2024 from $9.7 million in Q3 2023[19] - Adjusted Operating Cash Flow (non-GAAP) doubled to $4.4 million in Q3 2024 from $2.2 million in Q3 2023[19] - Total operating income before amortization and impairment increased by 13% to $37.3 million in Q3 2024 from $33.1 million in Q3 2023[19] - Adjusted Operating Cash Flow (non-GAAP) is calculated as Operating Income before Amortization of Intangible Assets and Impairment of Long-Lived Assets[20] Net Income and Earnings Per Share - Net income attributable to common shares for the third quarter of 2024 was $72.5 million ($16.42 per share), compared to a net loss of $23.0 million ($5.02 per share) in the third quarter of 2023[7] - Net income attributable to common shares for the first nine months of 2024 was $175.8 million ($39.49 per share), compared to $152.0 million ($32.14 per share) in the first nine months of 2023[7] - Net Income attributable to Graham Holdings Company Stockholders for Q3 2024 was $72.5 million, compared to a net loss of $23.0 million in Q3 2023[22] - Adjusted Net Income (non-GAAP) for Q3 2024 was $76.1 million, compared to $48.9 million in Q3 2023[22] - Diluted income per common share, adjusted (non-GAAP) for Q3 2024 was $17.25, compared to $10.45 in Q3 2023[22] - Net Income attributable to Graham Holdings Company Stockholders for the nine months ended September 30, 2024 was $175.8 million, compared to $152.0 million in the same period of 2023[23] - Adjusted Net Income (non-GAAP) for the nine months ended September 30, 2024 was $183.5 million, compared to $150.8 million in the same period of 2023[23] - Diluted income per common share, adjusted (non-GAAP) for the nine months ended September 30, 2024 was $41.20, compared to $31.87 in the same period of 2023[23] Gains and Impairments - The Company recognized $30.5 million and $154.3 million in net gains on marketable equity securities in the third quarter and first nine months of 2024, respectively[5] - The Company estimates a one-time pre-tax settlement gain of approximately $700 million in the fourth quarter of 2024 due to the purchase of an irrevocable group annuity contract[10] - Goodwill and other long-lived asset impairment charges for Q3 2024 were $626 thousand, compared to $98.3 million in Q3 2023[22] - Net gains on marketable equity securities for the nine months ended September 30, 2024 were $154.3 million, compared to $113.4 million in the same period of 2023[23] - Gain on sale of certain businesses and websites for the nine months ended September 30, 2024 was $7.2 million, compared to $0 in the same period of 2023[23] Interest Expense - Interest expense related to the fair value adjustment of the mandatorily redeemable noncontrolling interest for the nine months ended September 30, 2024 was $85.1 million, compared to $1.4 million in the same period of 2023[23]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 10-Q ☒ Quarterly Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the Quarterly Period Ended September 30, 2024 or ☐ Transition Report Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number 001-06714 GRAHAM HOLDINGS COMPANY (Exact name of registrant as specified in its charter) Delaware 53-0182885 (State or other jurisdiction of incorporation or organization) (I. ...

Investment Style and Strategy - The investor follows a contrarian investment style, focusing on highly risky and often illiquid options [1] - The investment portfolio is split approximately 50%-50% between shares and call options [1] - The investment timeframe typically ranges between 3-24 months [1] - The investor prefers stocks that have experienced a recent sell-off due to non-recurrent events, especially when insiders are buying shares at the new lower price [1] Screening and Analysis Process - The investor screens thousands of stocks, primarily in the US, using fundamental analysis to assess company health, leverage, and financial ratios compared to sector and industry medians and averages [1] - Professional background checks are conducted on insiders who purchased shares after a recent sell-off [1] - Technical analysis is used to optimize entry and exit points, with a focus on multicolor lines for support and resistance levels on weekly charts [1] Portfolio Allocation and Preferences - The investor occasionally buys shares to avoid being categorized as a degenerate by fellow investors, maintaining the 50%-50% allocation between shares and call options [1] - The investor may also own shares in less stable markets, referred to as "banana republics" [1]

“A value ranking for large cap stocks from YCharts puts together complementary strategies found during their stock research. The value ranking looks at the price of a stock relative to a number of measurements that determine intrinsicGet The Entire Ben Graham 'Safer' Dividend Dog StoryClick here to subscribe to The Dividend Dogcatcher. Get more information, the follow-up to this article, and a free two week trial.Catch A Dog On Facebook the evening before every NYSE trade day on Facebook/Dividend Dog Catche ...

Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is Graham (GHM) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.Graham is a member of our Industrial Products group, which includes 212 different companies and currently sits at #11 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 differ ...

Join for a 100% Risk-Free trial and see if our proven method can help you too. You do not need to pay for the costly lessons from the market itself. Sensor Unlimited contributes to the investing group Envision Early Retirement which is led by Sensor Unlimited. They offer proven solutions to generate both high income and high growth with isolated risks through dynamic asset allocation. Features include: two model portfolios - one for short-term survival/withdrawal and one for aggressive long-term growth, dir ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done. The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the s ...

NANJING, CHINA - AUGUST 27, 2024 - The McDonald's China Science and Technology Research and ... [+] Development Center building in Nanjing, Jiangsu province, China, Aug 27, 2024. (Photo credit should read CFOTO/Future Publishing via Getty Images) CFOTO/Future Publishing via Getty Images If you are a McDonald's investor and took advantage of the stock's roughly 15% rise over the last month, it may be time to look elsewhere. As of this moment, we find Graham Holdings – a diversified conglomerate with interest ...

Investment Thesis - Graham Corporation (NYSE:GHM) has received Strong Buy ratings from Seeking Alpha, the Quant system, and Wall Street analysts, with earnings per share expected to rise over 76% in fiscal 2025 and a projected share price increase of nearly 27% over the next year [2] Company Overview - Graham Corporation designs, manufactures, and sells critical equipment for the oil refining, petrochemical, and defense industries, and has diversified into the defense and space sectors through acquisitions, including Barber-Nelson Inc. in June 2021 and P3 Technologies, LLC in November 2023 [3] - The company aims for 8% to 10% average annual organic revenue growth and low to mid-teen adjusted EBITDA margins by the end of fiscal 2027 [3] Financial Performance - In Q1-2025, Graham reported a 5% increase in revenue to a record $50 million, with net income growing by 12% to $3.0 million and adjusted EBITDA remaining stable at $5.1 million [6] - The backlog increased from $322 million to $396.8 million year-over-year, with 35% to 45% expected to convert into sales within the next twelve months [6] - The company ended the quarter with no debt and $21.6 million in cash, indicating strong financial health [6] Growth Prospects - The company’s revenue, EBITDA, and net income have shown signs of recovery after a significant decline a decade ago, with revenue expected to reach between $200 million and $210 million in fiscal 2025 [9] - Analysts expect low double-digit revenue growth in fiscal 2026, with consensus revenue estimates for March 2026 at approximately $206.23 million, reflecting an 11.15% year-over-year growth [10] Valuation - Graham's valuation metrics indicate potential overvaluation, with a D rating from Seeking Alpha, although the PEG GAAP [TTM] is at 0.63, suggesting it may be undervalued relative to its growth prospects [14][15] - The share price has increased nearly 60% over the past year, with a one-year price target of $35.75, indicating a potential 26.91% increase [15][17]

Exhibit 99.1 GRAHAM HOLDINGS COMPANY REPORTS SECOND QUARTER EARNINGS Division Operating Results Revenue for the first six months of 2024 was $2,337.9 million, up 9% from $2,136.5 million in the first six months of 2023. Revenues increased at education, healthcare and automotive, partially offset by declines at television broadcasting, manufacturing and other businesses. The Company recorded operated income of $61.4 million for the first six months of 2024, compared to $85.7 million for the first six months ...