Bright Horizons Q4 revenue +16% to $616M; GAAP EPS $0.09 vs $0.31; 2024 guidance $3.00-3.20 adj. EPS

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

2023-FY EPS reported $1.28 revenue$2,418,257,000

Full year 2023 revenue $2.4B (+20%); adj. net income $164M (+8%); dil. adj. EPS $2.84 vs $2.60.
Q4 GAAP net income $5.5M down 69% due to $21.8M impairment; adj. income from operations +15%.
Back-up Care segment grew 24% in Q4, exceeding $500M in 2023; Sittercity moved into this segment.
FY 2024 guidance: revenue $2.6-2.7B, dil. adj. EPS $3.00-$3.20.
Full-service child care centers operated 1,049 with capacity for ~120,000 children; 1,450+ employer clients.

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 fourth quarter and full year of 2023 results: revenue Revenue of $616 million (increase of 16%), net income Net income of $6 million and diluted earnings per common share of $0.09 (decreases of 69% and 71%, respectively), EPS Net income of $6 million and diluted earnings per common share of $0.09 (decreases of 69% and 71%, respectively). Guidance initiated.

Period: fourth quarter and full year of 2023
Revenue: Revenue of $616 million (increase of 16%)
Net income: Net income of $6 million and diluted earnings per common share of $0.09 (decreases of 69% and 71%, respectively)
EPS: Net income of $6 million and diluted earnings per common share of $0.09 (decreases of 69% and 71%, respectively)
Guidance: initiated
Result: reported results

Exact text from the filing

services designed to support working families and client employees across life and career stages. Fourth Quarter 2023 Highlights (compared to Fourth Quarter 2022): • Revenue of $616 million (increase of 16%) • Income from operations of $28 million (decrease of 29%) • Net income of $6 million and diluted earnings per common share of $0.09 (decreases of 69% and 71%,

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379 earnings releases filed in the last 30 days. Browse all earnings releases →

BRIGHT HORIZONS FAMILY SOLUTIONS INC. filing history →

Source: SEC EDGAR

accession 0001437578-24-000003

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