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Jun 30, 2024
Bright Horizons Q2 2024 Earnings Report
Bright Horizons reported a strong second quarter of 2024, delivering solid top and bottom-line growth with increased revenue and adjusted EPS. The company is increasing its full-year outlook for both revenue and adjusted EPS.
Key Takeaways
Bright Horizons Family Solutions reported an 11% increase in revenue to $670 million and a 90% increase in net income to $39 million for the second quarter of 2024. Diluted earnings per common share increased by 91% to $0.67, and adjusted EPS grew by 38% to $0.88. The company is raising its full-year outlook for revenue and adjusted EPS.
Revenue increased by 11% to $670 million compared to the second quarter of 2023.
Income from operations increased by 52% to $69 million.
Net income increased by 90% to $39 million, with diluted earnings per common share up by 91% to $0.67.
Adjusted EBITDA increased by 25% to $103 million, and adjusted EPS increased by 38% to $0.88.
Revenue by Segment
Forward Guidance
The company expects fiscal year 2024 revenue to be in the range of $2.65 billion to $2.7 billion and diluted adjusted earnings per common share to be in the range of $3.30 to $3.40.
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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