---
schema_version: "secwatch.filing_event.v1"
accession: "0001437578-24-000003"
form_type: "8-K"
ticker: "BFAM"
cik: "0001437578"
company_name: "BRIGHT HORIZONS FAMILY SOLUTIONS INC."
filed_at: "2024-02-13T23:59:59+00:00"
generated_at: "2026-06-06T03:18:38.775230+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001437578-24-000003
- form_type: 8-K
- ticker: BFAM
- cik: 0001437578
- company_name: BRIGHT HORIZONS FAMILY SOLUTIONS INC.
- filed_at: 2024-02-13T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1437578/000143757824000003/0001437578-24-000003-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1437578/000143757824000003/bfam-20240213.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001437578-24-000003
- JSON: https://secwatch.observer/filing/0001437578-24-000003.json
- Plain text: https://secwatch.observer/filing/0001437578-24-000003.txt

## Key facts
- Earnings Releases
  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
  source text: 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%,
  evidence_url: https://www.sec.gov/Archives/edgar/data/1437578/000143757824000003/0001437578-24-000003-index.htm

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