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Jun 30, 2023
Bright Horizons Q2 2023 Earnings Report
Bright Horizons' financial performance was reported for Q2 2023, showing revenue increase but declines in income from operations and net income.
Key Takeaways
Bright Horizons reported a 23% increase in revenue to $603 million for Q2 2023. However, income from operations decreased by 5% to $46 million, and net income decreased by 17% to $21 million. The company reaffirmed its full-year revenue guidance of $2.35 billion to $2.4 billion and diluted adjusted earnings per common share guidance of $2.70 to $2.80.
Revenue increased by 23% to $603 million compared to Q2 2022.
Income from operations decreased by 5% to $46 million.
Net income decreased by 17% to $21 million, with diluted earnings per share of $0.35.
Adjusted EBITDA decreased by 1% to $82 million.
Revenue by Segment
Forward Guidance
Bright Horizons expects fiscal year 2023 revenue to be in the range of $2.35 billion to $2.4 billion, and diluted adjusted earnings per common share to be in the range of $2.70 to $2.80.
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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