Graham Holdings Company reported its financial results for the second quarter of 2025 on July 29, 2025, with revenue reaching $1,215.8 million, a 3% increase from $1,185.3 million in Q2 2024. Operating income for the quarter surged to $72.8 million, compared to $25.9 million in the prior-year period.
For the first six months of 2025, total consolidated revenues were $2,381.7 million, a 2% increase, while operating income demonstrated a significant surge of 96% to $120.2 million from $61.4 million in the first half of 2024. Adjusted net income attributable to common shares for the first six months was $114.1 million, up from $107.3 million in H1 2024.
In a strategic move, the company completed the sale of various websites and related businesses that comprised World of Good Brands (WGB) in the first half of 2025, with all remaining WGB operations expected to be substantially shut down by the end of the third quarter of 2025. This divestiture streamlines the 'Other Businesses' segment.
Concurrently, Hoover, a GHC subsidiary, acquired Arconic Architectural Products, LLC on July 15, 2025. A significant portion of the purchase price was funded by the assumption of approximately $105 million in net pension obligations, expanding GHC's manufacturing capabilities.
The Healthcare segment continued its strong performance, with revenue soaring 37% in Q2 and 36% in the first six months of 2025, driven by significant growth at CSI Pharmacy. Operating income in this segment more than doubled, increasing by 97% in Q2 and 130.6% in the first six months.
Additionally, David Curtis and Justin DeWitte, co-CEOs of Graham Healthcare Group (GHG), decided to step down from their leadership roles. They will remain for a transition period, and other healthcare businesses will transition to reporting directly to Graham Holdings leadership, signaling potential strategic shifts within this high-growth segment.
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