For the quarter ended June 2024, Bright Horizons Family Solutions (BFAM) reported revenue of $670.06 million, up 11.1% over the same period last year. EPS came in at $0.88, compared to $0.64 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $664.54 million, representing a surprise of +0.83%. The company delivered an EPS surprise of +22.22%, with the consensus EPS estimate being $0.72. While investors scrutinize revenue and earnings changes year-over-year and how they ...

Bright Horizons Family Solutions (BFAM) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this child care and early education services provider would post earnings of $0.45 per share when it actually produced earnings of $0.51, delivering a s ...

Revenue Growth - Revenue for Q2 2024 was $670 million, representing an 11% increase compared to Q2 2023[2] - Revenue for the six months ended June 30, 2024, increased to $1,292,768 thousand, up from $1,156,822 thousand in the same period of 2023, representing an increase of 11.7%[15] - Revenue from child care services for the six months ended June 30, 2024, was $990,717 thousand, up from $888,722 thousand in 2023, an increase of 11.5%[20] - Back-up care revenue grew by 15% in Q2 2024, contributing to overall revenue growth[2] Income and Earnings - Net income for Q2 2024 was $39 million, a 90% increase from $20.6 million in Q2 2023, with diluted earnings per share rising to $0.67[4] - Net income for the six months ended June 30, 2024, was $56,163 thousand, compared to $28,720 thousand in 2023, reflecting a growth of 96.0%[15] - Earnings per share (diluted) increased to $0.96 in 2024 from $0.50 in 2023, marking a significant rise of 92.0%[15] - Diluted adjusted earnings per share for Q2 2024 were $0.88, compared to $0.64 in Q2 2023, marking a 37% increase[21] Operational Performance - Income from operations increased by 52% to $69 million in Q2 2024, up from $45.5 million in Q2 2023[4] - Income from operations for the first half of 2024 was $108,996,000, compared to $76,177,000 in the same period of 2023, reflecting a 43% increase[21] - Adjusted EBITDA for Q2 2024 was $103 million, reflecting a 25% increase from the previous year[5] - Adjusted EBITDA for Q2 2024 was $102,630,000, up 25% from $81,914,000 in Q2 2023, representing 15% of revenue[21] - EBITDA for Q2 2024 was $94,525,000, which is 14% of revenue, up from 12% in Q2 2023[21] Cash Flow and Investments - Cash generated from operations in the first half of 2024 was $225.8 million, compared to $180 million in the same period of 2023[7] - Net cash provided by operating activities for the six months ended June 30, 2024, was $225,750 thousand, compared to $180,042 thousand in 2023, reflecting an increase of 25.3%[18] - The company made net investments totaling $64.1 million in the first half of 2024, down from $68.7 million in the prior year[7] Assets and Liabilities - Cash and cash equivalents at the end of the period increased to $140,246 thousand from $71,568 thousand, showing a growth of 96.0%[17] - Total assets decreased slightly to $3,837,399 thousand as of June 30, 2024, from $3,896,144 thousand at the end of 2023[17] - Total liabilities decreased to $2,554,178 thousand from $2,683,468 thousand, indicating a reduction of 4.8%[17] Tax and Expenses - Income tax expense for Q2 2024 was $17,872,000, compared to $12,719,000 in Q2 2023, indicating a 41% increase[21] - Stock-based compensation expense for Q2 2024 was $8,105,000, up from $7,463,000 in Q2 2023[21] - The company anticipates an effective tax rate of approximately 28% for the full year based on the jurisdictional mix of expected adjusted income before income tax[22] Company Operations - The company operated 1,032 early education and child care centers as of June 30, 2024, with a capacity to serve approximately 115,000 children[5] - Income from operations for the back-up care segment was $47,576 thousand, maintaining a margin of 19% of its revenue in 2024[20]

FORM 10-Q BRIGHT HORIZONS FAMILY SOLUTIONS INC. (Exact name of registrant as specified in its charter) 2 Wells Avenue Newton, Massachusetts 02459 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (617) 673-8000 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common St ...

Bright Horizons Family Solutions Inc. (NYSE:BFAM) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Michael Flanagan – Vice President, Investor Relations Stephen Kramer – Chief Executive Officer Elizabeth Boland – Chief Financial Officer Conference Call Participants Andrew Steinerman – JPMorgan George Tong – Goldman Sachs Josh Chan – UBS Manav Patnaik – Barclays Jeff Meuler – Baird Toni Kaplan – Morgan Stanley Jeff Silber – BMO Capital Markets Operator Greetings, and welcome to th ...

® NEWTON, MA - (BUSINESS WIRE) - May 2, 2024 - Bright Horizons Family Solutions Inc. (NYSE: BFAM), a leading provider of high-quality early education and child care, family care solutions, and workforce education services designed to support working families and client employees across life and career stages, today announced financial results for the first quarter of 2024 and reaffirmed financial guidance for 2024 initially provided on February 13, 2024. Income from operations was $39.9 million for the firs ...

Investors interested in stocks from the Schools sector have probably already heard of Universal Technical Institute (UTI) and Bright Horizons Family Solutions (BFAM) . But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets compan ...

NEWTON, Mass.--(BUSINESS WIRE)--Bright Horizons (NYSE: BFAM), a leading education and care company, announces the anticipated next season of The Work-Life Equation Podcast. This season, Bright Horizons Chief Digital and Transformation Officer Priya Krishnan welcomes Paul Sullivan, founder of The Company of Dads, as the new co-host. Upcoming episodes promise engaging dialogues, compelling stories, and valuable insights from corporate leaders, public figures, and individuals navigating the delicate balance of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission File Number 001-35780 BRIGHT HORIZONS FAMILY SOLUTIONS INC. (Exact name of registrant as specified in its charter) Delaware 80-0188269 (State or other jurisdi ...

Shares of Bright Horizons Family Solutions (BFAM 10.37%) jumped 10.3% on Wednesday after the child care and workforce education services provider delivered stronger-than-expected quarterly results.Bright Horizons nurtures a solid quarterBright Horizons' fourth-quarter 2023 revenue grew 16% year over year to $616 million, while its adjusted (non-generally accepted accounting principles, or non-GAAP) net income rose 9% to $48 million, or $0.83 per share. Wall Street analysts, on average, were only modeling ea ...