Graham Holdings Company (NYSE:GHC) saw its stock climb 2.1% following the release of its second-quarter results, which notably exceeded analyst projections and highlighted strong performance across several business areas.
For Q2 2025, the diversified media and education firm posted adjusted earnings per share of $14.33, well above the expected $10.15. Revenues increased 3% year-over-year to $1.21 billion, slightly topping the consensus estimate of $1.18 billion.
Operating income showed substantial growth, nearly tripling to $72.8 million from $25.9 million in the same quarter last year. Adjusted operating cash flow also improved, rising to $111.3 million from $98.5 million during the prior year’s period.
“Our education, healthcare and manufacturing segments delivered strong performance this quarter, helping to offset challenges in our television broadcasting and automotive businesses,” an executive from Graham Holdings commented in the earnings announcement.
The strong overall results were primarily fueled by gains in the education, healthcare, and manufacturing divisions, which balanced out weaker outcomes in television broadcasting, automotive, and other sectors.
Throughout the quarter, Graham Holdings continued to streamline its business portfolio, finalizing the divestiture of several websites and related entities from its World of Good Brands division. The company plans to wind down the remaining WGB operations by the end of Q3 2025.
In a strategic move in July, the Hoover segment of Graham Holdings acquired Arconic Architectural Products, a maker of aluminum cladding solutions. The transaction involved Graham assuming roughly $105 million in net pension liabilities as part of the purchase price.
Additionally, the company revealed that in the first half of 2025, it bought back 3,978 shares of its Class B common stock for $3.5 million, with authorization still in place to repurchase 462,482 shares as of June 30, 2025.
Graham Holdings Company stock price
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