Bright Horizons Q3 revenue up 17% to $540M; adjusted EPS $0.66 vs $0.64; FY22 guidance reaffirmed

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

2022-Q3 EPS reported $1.06 revenue$1,490,965,000

Revenue $540M (+17% YoY); net income $18.2M ($0.31 diluted EPS, down 30%).
Adjusted EBITDA $80.6M (+2%); adjusted diluted EPS $0.66 (+3%).
Acquired ~75 centers in Australia; enrollment gains and back-up care growth offset labor cost pressures.
FY2022 guidance: revenue ~$2.0B, diluted adjusted EPS $2.60 - $2.65.
Cash from ops $131M in nine months; invested $250.9M in acquisitions and capex.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRIGHT HORIZONS FAMILY SOLUTIONS INC. reported the fiscal year ended September 30, 2022 results: revenue $2.0 billion, EPS $2.60 to $2.65. Guidance lowered.

Period: the fiscal year ended September 30, 2022
Revenue: $2.0 billion
EPS: $2.60 to $2.65
Guidance: lowered
Result: reported results

Exact text from the filing

we currently expect fiscal year 2022 revenue to be $2.0 billion and diluted adjusted earnings per common share to be in the range of $2.60 to $2.65.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

BRIGHT HORIZONS FAMILY SOLUTIONS INC. reported the fiscal quarter ended September 30, 2022 results: revenue $540 million, net income $18 million and diluted earnings per common share of $0.31, EPS $0.31. Guidance reaffirmed.

Period: the fiscal quarter ended September 30, 2022
Revenue: $540 million
Net income: $18 million and diluted earnings per common share of $0.31
EPS: $0.31
Guidance: reaffirmed
Result: reported results

Exact text from the filing

announced financial results for the third quarter of 2022 and updated financial guidance for 2022. Third Quarter 2022 Highlights (compared to Third Quarter 2021): • Revenue of $540 million (increase of 17%) • Income from operations of $39 million (decrease of 15%) • Net income of $18 million and diluted earnings per common share of $0.31 (decreases of 32% and 30%,

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Source: SEC EDGAR

accession 0001437578-22-000023

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