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Sep 30, 2022
Bright Horizons Q3 2022 Earnings Report
Bright Horizons' financial performance reflected solid growth across all business lines, footprint expansion, enrollment increase, record back-up care sessions, and support for adult learners in Q3 2022.
Key Takeaways
Bright Horizons reported a 17% increase in revenue to $540 million in Q3 2022 compared to Q3 2021. Net income decreased by 32% to $18 million, and diluted earnings per share decreased by 30% to $0.31. The company saw solid growth in all lines of business, expanded its footprint, increased enrollment year-over-year, delivered a record number of traditional back-up care sessions, and supported more adult learners in their pursuit of higher education.
Revenue increased by 17% to $540 million compared to Q3 2021.
Net income decreased by 32% to $18 million, with diluted earnings per share at $0.31.
Adjusted EBITDA increased by 2% to $80.6 million.
The company had more than 1,350 client relationships and operated 1,081 early education and child care centers as of September 30, 2022.
Revenue by Segment
Forward Guidance
Bright Horizons updated its 2022 guidance and currently expects fiscal year 2022 revenue to be $2.0 billion and diluted adjusted earnings per common share to be in the range of $2.60 to $2.65.
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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