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Dec 31, 2019
Bright Horizons Q4 2019 Earnings Report
Bright Horizons reported strong financial results for the fourth quarter and full year 2019.
Key Takeaways
Bright Horizons Family Solutions reported a 9% increase in revenue to $521 million for Q4 2019, compared to Q4 2018. Net income increased by 2% to $48 million, and diluted earnings per common share increased by 3% to $0.81.
Revenue increased 9% to $521 million.
Income from operations increased 6% to $67 million.
Net income increased 2% to $48 million and diluted earnings per common share increased 3% to $0.81.
Adjusted EBITDA increased 8% to $100 million.
Bright Horizons
Bright Horizons
Bright Horizons Revenue by Segment
Revenue by Segment
Full service center-based child care Revenue
CapyFin.comBack-up care Revenue
CapyFin.comEducational advisory services Revenue
CapyFin.com Forward Guidance
The Company is providing financial guidance for the full year 2020.
Positive Outlook
- Revenue growth in 2020 in the range of 8%-10%
- Net income in the range of $201 million to $204 million
- Diluted earnings per common share in the range of $3.41 to $3.45
- Adjusted net income in the range of $242 million to $246 million
- Diluted adjusted earnings per common share in the range of $4.11 to $4.18
Revenue & Expenses
Visualization of income flow from segment revenue to net income