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Dec 31, 2020
Bright Horizons Q4 2020 Earnings Report
Reported a decrease in revenue and income due to the impact of COVID-19, but made progress and entered 2021 with momentum.
Key Takeaways
Bright Horizons Family Solutions reported a decrease in revenue by 28% to $377 million in Q4 2020 compared to Q4 2019. Net income also decreased by 95% to $3 million, with diluted earnings per common share at $0.04. The company's operations were significantly impacted by the COVID-19 pandemic, leading to temporary center closures and reduced enrollment.
Revenue decreased by 28% compared to Q4 2019, totaling $377 million.
Income from operations decreased by 88% compared to Q4 2019, totaling $8 million.
Net income decreased by 95% compared to Q4 2019, totaling $3 million, with diluted earnings per common share of $0.04.
Adjusted EBITDA decreased by 47% compared to Q4 2019, totaling $53 million.
Revenue by Segment
Forward Guidance
The company is not providing full earnings guidance for fiscal year 2021 due to the uncertainty regarding the duration and scope of the ongoing business disruption.
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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