secwatch.observer — SEC 8-K summary
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Issuer:     BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM)
CIK:        0001437578
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001437578-23-000016
Event type: earnings
Sentiment:  negative
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437578/000143757823000016/0001437578-23-000016-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437578/000143757823000016/bfam-20230801.htm
  HTML page:      https://secwatch.observer/filing/0001437578-23-000016

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer