Bright Horizons Fam Sol In Del Stock Price, News & Analysis

Bright Horizons Family Solutions Inc. (NYSE: BFAM) reported strong financial results for Q4 2022, with revenue of $530 million, reflecting a 15% increase year-over-year. Income from operations rose by 12% to $40 million, while net income reached $18 million, up 2%. Diluted earnings per share increased by 7% to $0.31. For the full year, revenue hit $2 billion, marking a 15% growth, and the company expected 2023 revenue between $2.3 billion and $2.4 billion, with adjusted EPS projected at $2.80 to $3.00. CEO Stephen Kramer emphasized progress in enrollment and client relationships, setting a positive tone for future growth.

Bright Horizons Family Solutions (NYSE: BFAM) will announce its fourth quarter 2022 results on February 16, 2023, post-market. A conference call to discuss results and future business outlook will be held at 5:00 p.m. ET, featuring CEO Stephen Kramer. Interested investors can dial in at 1-877-407-9039 for the U.S. or 1-201-689-8470 internationally. The call's replay will be available until March 9, 2023. Bright Horizons, a global leader in early education and child care services, operates around 1,100 centers across the U.S., U.K., Netherlands, Australia, and India, partnering with over 1,350 employers to support working families.

Arena Analytics announced the hiring of Neal Bruce as Chief Product Officer and Kelly Russell as VP of Client Strategy and Growth, effective February 1, 2023. These appointments aim to enhance the company's capacity to deliver data-driven hiring and retention solutions to the healthcare sector. Neal Bruce brings over 30 years of experience in human capital management, while Kelly Russell has over 30 years in HR Tech business development.

With a focus on reducing turnover and improving business outcomes, Arena is positioning itself for significant growth in response to market demand.

Bright Horizons Family Solutions (NYSE: BFAM) announced its Q3 2022 results, reporting revenue of $540 million, a 17% increase year-over-year. However, income from operations fell by 15% to $39 million, and net income decreased by 32%, resulting in diluted EPS of $0.31. Adjusted EBITDA rose 2% to $81 million, while adjusted net income decreased 1% to $38 million. The company announced an updated revenue forecast of $2.0 billion for 2022 with diluted adjusted EPS projected between $2.60 and $2.65.

Bright Horizons Family Solutions (NYSE: BFAM) will announce its financial results for Q3 2022 on November 1, 2022, after market closing. A conference call will follow at 5:00 p.m. ET to discuss the earnings and business outlook. The company operates around 1,100 centers globally and serves over 1,350 employers.

For further updates, the earnings release and call details will be available on their website.

Citi has launched a new Education Benefits Program in partnership with EdAssist by Bright Horizons, focusing on enhancing employee skills and career growth. This program, available to all U.S.-based employees, expands upon previous tuition reimbursement offerings by covering upfront costs for degrees from five partner schools, including CSU Global and University of Maryland Global Campus. Additionally, it provides tuition assistance for various educational programs and access to success coaches. The initiative aims to remove financial barriers and supports Citi's commitment to employee development.

Bright Horizons (NYSE: BFAM) has been recognized as one of the 2022 PEOPLE Companies that Care, ranking 18th among U.S. companies. This accolade reflects their commitment to employee care, community support, and environmental consideration. This is Bright Horizons’ second appearance on the prestigious list, which evaluates companies based on employee feedback and workplace culture analytics from Great Place to Work. The recognition underscores the company's dedication to fostering a caring workplace culture.

Bright Horizons Family Solutions (NYSE: BFAM) announced Q2 2022 results, reporting revenue of $490 million, an 11% increase compared to Q2 2021. Net income rose 33% to $25 million, with diluted earnings per share at $0.42, up 35%. Adjusted metrics also showed significant growth, including adjusted EBITDA of $83 million (22% increase) and diluted adjusted EPS of $0.71 (45% increase). The company completed the acquisition of Only About Children on July 1, 2022, enhancing growth prospects despite ongoing challenges from COVID-19.