Bright Horizons Q2 2021: Revenue $441M (+50%), Net Income $19M, Adj. EBITDA $68M

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

2022-Q2 EPS reported $0.42 revenue$832,318,000

Revenue of $441M increased 50% YoY; net income $18.8M vs $0.4M; diluted EPS $0.31.
Adjusted EBITDA $68M (+13% YoY); adjusted diluted EPS $0.49 (+11%).
Full-service child care revenue improved on higher enrollment and center re-openings; back-up care revenue declined vs Q2 2020 pandemic spike.
Operated 1,006 centers as of June 30, 2021 with ~920 open; capacity to serve ~113,000 children.
Cash and equivalents $419M; $400M revolver available; no FY 2021 guidance provided due to COVID uncertainty.

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