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Bright Horizons Family Solutions Inc. - $BFAM STOCK NEWS

Welcome to our dedicated page for Bright Horizons Family Solutions news (Ticker: $BFAM), a resource for investors and traders seeking the latest updates and insights on Bright Horizons Family Solutions stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Bright Horizons Family Solutions's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

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Rhea-AI Summary
Bright Horizons Family Solutions Inc. (NYSE: BFAM) will release its Q3 2023 results on November 1, 2023, after the stock market closes. The company will host a conference call to discuss the results, updated business outlook, strategy, and more.
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1.54%
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Rhea-AI Summary
Bright Horizons Family Solutions Inc. (NYSE: BFAM) announced their second quarter 2023 financial results and updated financial guidance for 2023. Revenue increased by 23% to $603 million, but income from operations and net income decreased by 5% and 17% respectively. Adjusted EBITDA decreased by 1% to $82 million. The company's outlook for 2023 includes expected revenue in the range of $2.35 billion to $2.4 billion and diluted adjusted earnings per common share between $2.70 and $2.80.
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0.04%
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Working parents are struggling with isolation and loneliness despite increased flexibility in work location, according to the Modern Family Index. Gen Z and Millennial parents are most affected, experiencing isolation and going without speaking to anyone beyond their household. Many working parents feel the need to hide their personal obligations at work. Child care shortages are also a concern, with 40% of parents lacking access to needed child care. Working parents are turning to employers for support, with requests for help in paying for child care and offering on-site child care.
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Rhea-AI Summary
Bright Horizons Family Solutions Inc. (NYSE: BFAM) reported its financial results for the first quarter of 2023, with a revenue increase of 20% to $554 million compared to the same period last year. Income from operations decreased by 2% to $31 million, while net income decreased by 58% to $8 million. Adjusted income from operations increased by 18% to $37 million, and adjusted EBITDA increased by 11% to $70 million. The company reaffirmed its financial guidance for 2023, expecting revenue to be in the range of $2.3 billion to $2.4 billion and diluted adjusted earnings per common share to be in the range of $2.80 to $3.00.
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10.46%
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Bright Horizons Family Solutions Inc.

NYSE:BFAM

BFAM Rankings

BFAM Stock Data

6.24B
52.11M
1.11%
110.74%
2.14%
Child Day Care Services
Health Care and Social Assistance
Link
United States of America
NEWTON

About BFAM

bright horizons family solutions® (nyse: bfam) believes the most successful companies for investors are also dream companies for employees. and our goal is to help employers become those dream companies. since launching our first employer-sponsored child care center in 1986, we’ve been at the forefront of modern business cultures that are changing the way employers support people and achieve success. today, thousands of working parents around the world rely on more than 1,000 bright horizons child care centers for the care and education of their children; and many of the world’s top employers look to our benefits programs – early education and child care, back-up child care, elder care, educational support for children, and educational guidance for adult learners – as the foundation for cultures recognized year after year by lists including fortune and working mother. a fortune “best company” ourselves, we’re as dedicated to our own people as to our clients’. and we’re proud to support