---
schema_version: "secwatch.filing_event.v1"
accession: "0001437578-23-000007"
form_type: "8-K"
ticker: "BFAM"
cik: "0001437578"
company_name: "BRIGHT HORIZONS FAMILY SOLUTIONS INC."
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:15:55.730307+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.6
calibrated_materiality_score: 0.6
confidence: "high"
source: SEC EDGAR
---

# Bright Horizons Q1 revenue +20% to $554M; net income down 58%; reaffirms FY23 guidance

## Summary
- Revenue $554M (+20% YoY); net income $8M ($0.14 diluted EPS) down 58% from $19.4M.
- Adjusted EBITDA $70M (+11%); adjusted EPS $0.49 (+4% YoY).
- FY2023 revenue guidance reaffirmed at $2.3-$2.4B; adjusted EPS guidance $2.80-$3.00.
- Operated 1,076 early education centers as of Mar 31; 75 Australia centers acquired in July 2022 contributed.
- Generated $67M cash from ops, spent $18M capex; recorded $6M one-time VAT expense in Q1.

## SEC filing metadata
- accession: 0001437578-23-000007
- form_type: 8-K
- ticker: BFAM
- cik: 0001437578
- company_name: BRIGHT HORIZONS FAMILY SOLUTIONS INC.
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.6
- calibrated_materiality_score: 0.6
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437578/000143757823000007/0001437578-23-000007-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437578/000143757823000007/bfam-20230502.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437578-23-000007
- JSON: https://secwatch.observer/filing/0001437578-23-000007.json
- Plain text: https://secwatch.observer/filing/0001437578-23-000007.txt

## Key facts
- Earnings Releases
  BRIGHT HORIZONS FAMILY SOLUTIONS INC. reported the fiscal quarter ended March 31, 2023 results: revenue $554 million, net income $8.1 million, EPS $0.14 per diluted share. Guidance reaffirmed.
  - Period: the fiscal quarter ended March 31, 2023
  - Revenue: $554 million
  - Net income: $8.1 million
  - EPS: $0.14 per diluted share
  - Guidance: reaffirmed
  - Result: reported results
  source text: financial results for the first quarter of 2023 and reaffirmed financial guidance for 2023. First Quarter 2023 Highlights (compared to First Quarter 2022): • Revenue of $554 million (increase of 20%) • Income from operations of $31 million (decrease of 2%) • Net income of $8 million and diluted earnings per common share of $0.14 (decreases of 58%) Non-GAAP
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437578/000143757823000007/0001437578-23-000007-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.