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Graham Holdings Company (NYSE: GHC) is a renowned diversified education and media enterprise. The company operates across various sectors, including educational services, television broadcasting, cable systems, and online, print, and local TV news. Its principal subsidiaries include Kaplan, a global leader in education, and Graham Media Group, which owns several prominent television stations like WDIV in Detroit and KPRC in Houston.
In addition, Graham Holdings owns Cable One, offering cable services to small-city subscribers across 19 states, and The Slate Group, known for its digital media brands such as Slate and Foreign Policy. The company is also invested in healthcare through Celtic Healthcare and Residential Healthcare Group, and boasts industrial holdings like Forney Corporation and Joyce/Dayton Corp.
Graham Holdings segments its operations into seven key areas: Kaplan International, Higher Education, Supplemental Education, Television Broadcasting, Manufacturing, Healthcare, and Automotive. The Kaplan International division, encompassing higher education, test prep, language instruction, and professional training, is the primary revenue driver. Television broadcasting is another significant revenue source, primarily through advertising.
The company is committed to innovation, with Trove spearheading digital advancements and SocialCode leading in social marketing solutions. Recent achievements include strategic partnerships, technological innovations, and expansions in educational services and digital media.
Kaplan Schweser has announced the launch of a Free CFA Diagnostic Exam to assist candidates preparing for the CFA August 2023 Exams. This tool will help CFA Level I candidates assess their knowledge of key curriculum topics before exam registration. The diagnostic exam mirrors the actual CFA exam format and delivers a score readout by topic. Registration for the exam opens November 14, 2022, with a 25% discount on fees through February 1, 2023. Kaplan Schweser has a proven track record, with over 500,000 candidates successfully prepared for their CFA exams in the past decade.
Kaplan North America's CEO, Gregory Marino, has been recognized in the Florida 500 list by Florida Trend Magazine for four consecutive years, highlighting influential business leaders in various sectors. Marino, part of the education sector, praised his team's achievements and emphasized Kaplan's commitment to student success. Under his leadership, Kaplan has become a leader in education services, managing around 5,000 employees. This recognition adds to Kaplan's accolades, including being named among the Top 100 Most Loved Workplaces by Newsweek and South Florida’s Top Workplaces by the Sun Sentinel.
Graham Holdings Company (GHC) reported a net income of $32.8 million ($6.76 per share) for Q3 2022, down from $39.6 million ($7.90 per share) in Q3 2021. Excluding several items, adjusted net income rose to $75.9 million ($15.65 per share) compared to $29.5 million ($5.87 per share) a year earlier. Revenue increased 25% to $1,012.4 million, driven by growth across multiple sectors. Operating income improved to $59.5 million from an operating loss of $16.6 million in the previous year. However, net losses on marketable equity securities impacted results significantly.
Graham Holdings Company (NYSE: GHC) will conduct a virtual Investor Day on December 13, 2022, from 1:00 p.m. to 2:30 p.m. Eastern Time. The session will feature presentations about the company's operations and financials, complemented by audio and slides. Registration is mandatory via www.ghco.com. Those unable to attend live can access a recording shortly after the event concludes. Graham Holdings is a diversified holding company involved in various sectors, including education, media, healthcare, and manufacturing.
On October 26, 2022, CyberWire and CyberVista announced their merger to establish N2K Networks, a pioneering "news to knowledge" platform in cybersecurity. The merger aims to enhance workforce resilience and expand into new markets. N2K Networks secured $5.4 million in Series A funding led by Graham Holdings Company. Peter Kilpe will serve as CEO, while Simone Petrella will be President of both CyberWire and CyberVista. This strategic combination targets the cyber skills gap and aims to provide essential training and resources for industry professionals.
Graham Holdings Company (NYSE: GHC) announced the retirement of Barry Holden, CEO of Hoover Treated Wood Products, effective later this year after 50 years in the role. David Gillrie, previously with Oldcastle APG, will take over as CEO. Timothy J. O’Shaughnessy praised Holden's leadership and contributions, emphasizing the pride in Hoover's legacy. Gillrie is recognized for his extensive experience in the building materials sector and his capability to uphold Hoover's strong leadership.
Kaplan has launched its 2022 $30K Tuition Sweepstakes, aimed at helping college students finance their graduate education. Open until November 17, the contest is available to all enrolled college students in the United States. A random winner will be selected on November 23. This initiative highlights Kaplan's ongoing commitment to support students in achieving their educational goals. The sweepstakes prize can significantly cover tuition for various graduate programs. Kaplan, a subsidiary of Graham Holdings Company (GHC), has awarded tens of thousands of dollars in previous contests.
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