Bright Horizons Q1 revenue $623M (+12% YoY), EPS $0.29 vs $0.14; reaffirms FY2024 guidance

BRIGHT HORIZONS FAMILY SOLUTIONS INC.

2024-Q1 EPS reported $0.29 revenue$622,709,000

Revenue $623M (+12% YoY); income from operations $40M (+30%); net income $17M (+109%).
Diluted GAAP EPS $0.29 vs $0.14; adjusted EPS $0.51 vs $0.49.
Full Service segment revenue +12%, Back-Up Care +16%.
Reaffirmed 2024 guidance initially provided on Feb 13, 2024.
Cash from operations $116.3M; paid $106.5M deferred consideration for 2022 acquisition.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

BRIGHT HORIZONS FAMILY SOLUTIONS INC. reported fiscal quarter ended March 31, 2024 results: revenue $623 million, net income $17 million, EPS $0.29. Guidance reaffirmed.

Period: fiscal quarter ended March 31, 2024
Revenue: $623 million
Net income: $17 million
EPS: $0.29
Guidance: reaffirmed
Result: reported results

Exact text from the filing

• Revenue of $623 million (increase of 12%) • Income from operations of $40 million (increase of 30%) • Net income of $17 million and diluted earnings per common share of $0.29 (increases of 109% and 107%, respectively)

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Source: SEC EDGAR

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