Loading...
•
Jun 30, 2022
Bright Horizons Q2 2022 Earnings Report
Bright Horizons reported an 11% increase in revenue and a 33% increase in net income, driven by enrollment gains and back-up care services.
Key Takeaways
Bright Horizons Family Solutions reported strong second-quarter results with an 11% increase in revenue and a 45% increase in adjusted EPS. Enrollment gains and expanded back-up care services contributed to the growth. The company also completed the acquisition of Only About Children on July 1st.
Revenue increased by 11% to $490 million.
Income from operations increased by 41% to $48 million.
Net income increased by 33% to $25 million, with diluted earnings per share of $0.42.
Adjusted EBITDA increased by 22% to $83 million.
Completed the acquisition of Only About Children on July 1st
Bright Horizons
Bright Horizons
Bright Horizons Revenue by Segment
Revenue by Segment
Full service center-based child care Revenue
CapyFin.comBack-up care Revenue
CapyFin.comEducational advisory services Revenue
CapyFin.com Forward Guidance
Bright Horizons revised its 2022 guidance, expecting revenue to be approximately $2.0 billion, including contributions from Only About Children, and diluted adjusted earnings per common share in the range of $2.60 to $2.75.
Revenue & Expenses
Visualization of income flow from segment revenue to net income