Bright Horizons Q2 2022 Earnings Report
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
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