secwatch.observer — SEC 8-K summary
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Issuer:     BRIGHT HORIZONS FAMILY SOLUTIONS INC. (BFAM)
CIK:        0001437578
Form:       8-K
Filed at:   2024-02-13T23:59:59+00:00
Accession:  0001437578-24-000003
Event type: earnings
Sentiment:  neutral
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1437578/000143757824000003/0001437578-24-000003-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1437578/000143757824000003/bfam-20240213.htm
  HTML page:      https://secwatch.observer/filing/0001437578-24-000003

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