---
schema_version: "secwatch.filing_event.v1"
accession: "0001437578-23-000016"
form_type: "8-K"
ticker: "BFAM"
cik: "0001437578"
company_name: "BRIGHT HORIZONS FAMILY SOLUTIONS INC."
filed_at: "2023-08-01T23:59:59+00:00"
generated_at: "2026-06-12T17:41:28.694223+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437578-23-000016
- form_type: 8-K
- ticker: BFAM
- cik: 0001437578
- company_name: BRIGHT HORIZONS FAMILY SOLUTIONS INC.
- filed_at: 2023-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437578/000143757823000016/0001437578-23-000016-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437578/000143757823000016/bfam-20230801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437578-23-000016
- JSON: https://secwatch.observer/filing/0001437578-23-000016.json
- Plain text: https://secwatch.observer/filing/0001437578-23-000016.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437578/000143757823000016/0001437578-23-000016-index.htm

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