Bright Horizons Q2 2023: revenue $603M (+23%), net income $21M (-17%), adjusted EPS $0.64

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

2023-Q2 EPS reported $0.50 revenue$1,156,822,000

Revenue of $603M (+23% YoY); net income $20.6M (-17%); diluted EPS $0.35 vs $0.42.
Adjusted net income $36.8M; diluted adjusted EPS $0.64 vs $0.71.
Back-up care revenue +27% with record June utilization; full-service occupancy improved but cost pressures offset margin.
FY2023 guidance: revenue $2.35B–$2.4B; adjusted diluted EPS $2.70–$2.80.
Cash from operations $180M in H1 2023; operated 1,068 centers with 120,000 child capacity.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRIGHT HORIZONS FAMILY SOLUTIONS INC. reported the second quarter of 2023 results: revenue $603 million, net income $21 million, EPS $0.35. Guidance lowered.

Period: the second quarter of 2023
Revenue: $603 million
Net income: $21 million
EPS: $0.35
Guidance: lowered
Result: reported results

Exact text from the filing

financial results for the second quarter of 2023 and updated financial guidance for 2023. Second Quarter 2023 Highlights (compared to Second Quarter 2022): • Revenue of $603 million (increase of 23%) • Income from operations of $46 million (decrease of 5%) • Net income of $21 million and diluted earnings per common share of $0.35 (decreases of 17%) Non-GAAP

View on SEC.gov

Browse all earnings releases →

BRIGHT HORIZONS FAMILY SOLUTIONS INC. filing history →

Source: SEC EDGAR

accession 0001437578-23-000016

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.