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Sep 30, 2024
Bright Horizons Q3 2024 Earnings Report
Bright Horizons' Q3 2024 financial performance reflected solid growth, with revenue increasing by 11% and adjusted EPS growing by 26%.
Key Takeaways
Bright Horizons reported an 11% increase in revenue to $719 million for Q3 2024, driven by enrollment gains and tuition price increases in their centers, as well as increased utilization of back-up care services. Net income increased by 37% to $55 million, and diluted earnings per share increased by 36% to $0.94.
Revenue increased by 11% to $719 million compared to Q3 2023.
Income from operations increased by 34% to $89 million compared to Q3 2023.
Net income increased by 37% to $55 million, with diluted earnings per share at $0.94.
Adjusted EBITDA increased by 20% to $121 million.
Revenue by Segment
Forward Guidance
The company expects fiscal year 2024 revenue to be approximately $2.675 billion and diluted adjusted earnings per common share to be in the range of $3.37 to $3.42.
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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