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Dec 31, 2024
Bright Horizons Q4 2024 Earnings Report
Bright Horizons reported strong revenue and income growth in Q4 2024, driven by increased enrollment and higher utilization of back-up care services.
Key Takeaways
Bright Horizons saw a 10% year-over-year revenue increase in Q4 2024, reaching $674,146,000. Net income surged by 427% to $29,123,000, while EPS grew by 456%. Operating income rose significantly, driven by increased demand for back-up care and higher tuition rates.
Revenue increased by 10% YoY, reaching $674,146,000.
Net income saw a substantial 427% YoY growth.
Operating income improved due to higher back-up care utilization and tuition increases.
The company ended Q4 2024 with $110,327,000 in cash and cash equivalents.
Revenue by Segment
Forward Guidance
Bright Horizons expects continued revenue growth in 2025, with a forecasted range of $2.85B to $2.9B. The company projects adjusted EPS between $3.95 and $4.15, supported by strong demand in back-up care and enrollment growth.
Positive Outlook
- Expected revenue growth of 6% YoY in 2025.
- Strong demand for back-up care services projected to continue.
- Enrollment and tuition price increases to drive revenue growth.
- Operating efficiency improvements to support margin expansion.
- Strategic investments in early education centers to enhance service offerings.
Challenges Ahead
- Potential labor cost increases could impact profitability.
- Regulatory challenges in child care sector may pose risks.
- Macroeconomic uncertainty could affect discretionary spending on child care services.
- Foreign exchange fluctuations may impact international operations.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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