GRAHAM HOLDINGS COMPANY - GHC STOCK NEWS

Graham Holdings Company (NYSE: GHC) reported a net income of $95.6 million ($19.45 per share) for Q1 2022, down from $112.5 million ($22.44 per share) in Q1 2021. Excluding certain items, net income was $62.7 million ($12.76 per share), a 35% increase from $46.3 million ($9.25 per share) year-over-year. Revenue rose 28% to $914.7 million, driven by growth across several sectors, particularly education and broadcasting. However, the healthcare segment faced challenges due to increased operational costs. The company declared an effective tax rate of 26.9% for both quarters.

The Kaplan Educational Foundation has appointed Nolvia Delgado as its new leader, demonstrating the success of its Kaplan Leadership Program that assists first-generation community college students in transferring to top universities. Delgado, a former Kaplan Scholar, brings extensive experience in program development and community engagement. Under her leadership, the Foundation aims to continue supporting low-income students in achieving their academic and professional goals. Since 2006, over 100 Scholars have been admitted to prestigious institutions, with 87% earning their bachelor’s degrees.

Graham Holdings Company (NYSE: GHC) reported a net income of $352.1 million ($70.45/share) for 2021, up from $300.4 million ($58.13/share) in 2020. Q4 earnings were $84.7 million ($17.10/share), significantly lower than $237.1 million ($47.34/share) in the previous year. Revenue for 2021 increased by 10% to $3.186 billion. The company anticipates ongoing COVID-19 impacts but has implemented cost-reduction measures. Challenges remain, particularly in the education and television broadcasting sectors, while growth occurred in healthcare and automotive divisions.

Graham Holdings Company (NYSE: GHC) has announced a regular quarterly dividend of $1.58 per share, which is set to be paid on May 12, 2022. This payment will be made to all shareholders of record on April 20, 2022. This dividend reflects the company's commitment to returning value to its shareholders.

Viad Corp (NYSE: VVI) has announced the appointment of Beverly K. Carmichael as an independent director, effective February 21, 2022. With over 30 years of experience in senior roles across various industries, including hospitality and technology, Carmichael will also serve on the Human Resources Committee. Her extensive background includes previous board service at Leaf Group (NYSE: LEAF) and advisory roles in hospitality tech. Chairman Richard H. Dozer expressed confidence that her expertise will greatly benefit Viad's growth strategy.

Louisiana State University (LSU) has partnered with Kaplan to introduce Kaplan Credegree™ programs for student-athletes in over 15 areas, enhancing their job readiness and marketability. This initiative aims to bridge the gap between athletic competition and career prospects, addressing the reality that fewer than 2% of NCAA athletes compete professionally. Credentialing programs include Certified Public Accountant and Certified Financial Planner, among others. This partnership marks LSU as the first college athletics department to adopt such programs, emphasizing the institution's commitment to student-athlete development.

NorthShore – Edward-Elmhurst Health and Residential Healthcare Group have entered a joint venture to enhance home health and hospice services in the greater Chicago area, serving over 4.2 million residents. This collaboration will create one of the largest home health and hospice providers in Northern Illinois, integrating existing clinician groups and focusing on innovation and patient experience. The transaction is expected to finalize by the end of February 2022, further solidifying the partnership's commitment to delivering exceptional care.