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Dec 31, 2023
Bright Horizons Q4 2023 Earnings Report
Reported solid financial results driven by strong performance in the Full Service segment and Back-Up Care segment.
Key Takeaways
Bright Horizons Family Solutions reported a 16% increase in revenue to $616 million for Q4 2023. Net income decreased by 69% to $6 million, with diluted earnings per share at $0.09. The Full Service segment showed continued enrollment gains with 15% revenue growth, and the Back-Up Care segment grew revenue 24% year-over-year.
Revenue increased by 16% to $616 million compared to Q4 2022.
Net income decreased by 69% to $6 million, with diluted earnings per common share decreasing by 71% to $0.09.
Adjusted EBITDA increased by 10% to $99 million.
The company had more than 1,450 client relationships and operated 1,049 early education and child care centers as of December 31, 2023.
Revenue by Segment
Forward Guidance
The company expects fiscal year 2024 revenue to be in the range of $2.6 billion to $2.7 billion and diluted adjusted earnings per common share to be in the range of $3.00 to $3.20.
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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