Bright Horizons Q3 revenue $646M (+20% YoY); adj. EPS $0.88 beats guidance

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

2023-Q3 EPS reported $1.18 revenue$1,802,609,000

Revenue $646M, up 20% YoY; net income $40M vs $18.2M; diluted EPS $0.69 vs $0.31.
Adjusted EBITDA $101M (+26%), adjusted net income $51M (+34%), adj. EPS $0.88 (+33%).
Full-service segment revenue +17%; back-up care record quarter with >30% YoY growth.
FY2023 guidance: revenue $2.375-2.4B, adj. EPS $2.73-2.78.
Operated 1,063 early education centers as of Sept 30, 2023.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

BRIGHT HORIZONS FAMILY SOLUTIONS INC. reported the third quarter of 2023 results: revenue $646 million, net income $40 million, EPS $0.69. Guidance reaffirmed.

Period: the third quarter of 2023
Revenue: $646 million
Net income: $40 million
EPS: $0.69
Guidance: reaffirmed
Result: reported results

Exact text from the filing

announced financial results for the third quarter of 2023 and updated financial guidance for 2023. Third Quarter 2023 Highlights (compared to Third Quarter 2022): • Revenue of $646 million (increase of 20%) • Income from operations of $67 million (increase of 71%) • Net income of $40 million and diluted earnings per common share of $0.69 (increases of 119% and

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Source: SEC EDGAR

accession 0001437578-23-000023

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