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Mar 31, 2023
Bright Horizons Q1 2023 Earnings Report
Bright Horizons' first quarter performance in 2023 reflected revenue growth driven by acquisitions, enrollment gains, and expanded service utilization.
Key Takeaways
Bright Horizons reported a 20% increase in revenue to $554 million in Q1 2023. Net income decreased by 58% to $8 million, while diluted earnings per share decreased to $0.14. The company reaffirmed its financial guidance for 2023.
Revenue increased by 20% to $554 million compared to Q1 2022.
Income from operations decreased by 2% to $31 million.
Net income decreased by 58% to $8 million, with diluted earnings per share at $0.14.
Adjusted EBITDA increased by 11% to $70 million.
Revenue by Segment
Forward Guidance
Bright Horizons expects fiscal year 2023 revenue to be in the range of $2.3 billion to $2.4 billion, and diluted adjusted earnings per common share to be in the range of $2.80 to $3.00.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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