Bright Horizons Q2 2023 Earnings Report
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.
Bright Horizons
Bright Horizons
Bright Horizons 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