Company: GHC
Filing Date: 2025-02-26
Form Type: 10-K
Source: 0000104889-25-000022
Chunk: 17

Company: Graham Holdings Co
Filing Date: 2025-02-26
Form: 10-K
Item: Item 16
Chunk 17
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, 6 pm, and late evening, particularly excelling in the important 25-54 audience segment. Throughout 2024, KPRC in Houston ranked solidly in second place for evening news, led late news broadcasts, and finished third in the mornings. WDIV in Detroit dominated the 6 pm and 11 pm slots, while securing second place at 6 am. WKMG in Orlando posted strong results at 6 am, ranking second, while its 11 pm newscast placed third and its 6 pm broadcast came in fourth. In Roanoke, WSLS finished third in the 6 am, 6 pm, and 11 pm timeslots. On the digital side, GMG’s streaming platforms saw consistent growth in live stream viewership and total hours watched, while Insider membership registrations continued to climb. GMG’s local media websites also retained their positions as the leading digital platforms in their markets.

Manufacturing

A summary of manufacturing’s operating results is as follows:

  Year Ended December 31  (in thousands)20242023% ChangeRevenue$395,642 $447,910 (12)Operating (Loss) Income18,370 (16,793)— 

Manufacturing includes four businesses: Hoover, a supplier of pressure impregnated kiln-dried lumber and plywood products for fire retardant and preservative applications; Dekko, a manufacturer of electrical workspace solutions, architectural lighting and electrical components and assemblies; Joyce/Dayton, a manufacturer of screw jacks and other linear motion systems; and Forney, a global supplier of products and systems that control and monitor combustion processes in electric utility and industrial applications.

Manufacturing revenues decreased 12% in 2024 due to lower revenues at Hoover, Dekko and Joyce, partially offset by increased revenues at Forney. The revenue decline at Hoover is due largely to a decrease in overall product demand, particularly for multi-family housing. Revenues declined at Dekko due to lower product demand. Overall, Hoover results included wood gains on inventory sales in 2024 and 2023, with gains in 2024 much lower than the prior year. Manufacturing operating results improved in 2024 due to a $47.8 million goodwill impairment charge at Dekko in 2023. Excluding the impairment charge at Dekko, manufacturing results were down in 2024, due to significant declines at Hoover and Dekko, along with declines at Joyce and Forney. 

In the third and fourth quarters of