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

OhioHealth has launched an enhanced education benefits program aimed at over 30,000 associates to remove financial barriers to education. The initiative, developed with EdAssist by Bright Horizons, offers up to $5,250 in tuition reimbursement and covers upfront costs such as textbooks and fees. Associates can access these benefits from their first day of employment. The program aims to fill critical healthcare roles while supporting workforce development and retention. OhioHealth’s commitment includes partnerships with over 50 educational institutions.

Bright Horizons has released its eighth-annual Modern Family Index, revealing that the pandemic has prompted significant introspection among working parents. Approximately 60% of parents feel their job benefits are inadequate for family care, valuing flexible support almost as much as salary increases. As stress levels rise, 90% of parents seek employer support, yet only 53% report any policy updates. The findings highlight a critical opportunity for employers to enhance family-oriented benefits to retain employees and improve job satisfaction.

Bright Horizons Family Solutions (NYSE: BFAM) has announced a definitive agreement to acquire Only About Children (OAC) for AUD$450 million (approx. USD$320 million). OAC is a leading operator of child care centers in Australia, with about 75 campuses. This acquisition diversifies Bright Horizons' offerings and enhances its global presence, operating nearly 1,100 centers across five countries. The deal is expected to be neutral to earnings in the first year and accretive thereafter, with OAC contributing approximately USD$140 million in revenue.

Bright Horizons Family Solutions (NYSE: BFAM) reported strong first-quarter 2022 results, with revenue of $460 million, marking an 18% increase year-over-year. Income from operations surged 127% to $31 million, while net income reached $19 million, up 172%. Diluted earnings per share rose 175% to $0.33. Adjusted EBITDA also increased by 36%. The company revised its 2022 revenue guidance to between $2.0 billion and $2.1 billion, with adjusted EPS expected to be between $3.05 and $3.25. Bright Horizons maintains a solid balance sheet with $257 million in cash.

Bright Horizons Family Solutions (NYSE: BFAM) will report its Q1 2022 earnings on May 3, 2022, after market close. The company will hold a conference call at 5:00 p.m. ET to discuss its results and updated business outlook. The call will be led by CEO Stephen Kramer, with options for replay available until May 24. Bright Horizons operates around 1,000 early education and child care centers globally, serving over 1,350 employers. The company focuses on supporting working families through quality education and care services.

New research from EdAssist by Bright Horizons highlights a shift in priorities for American workers post-pandemic, with a focus on skills development for career stability. According to the second annual Education Index, 73% of employees believe new skills will enhance job opportunities, while 70% feel pressured to continually develop. Financial stress is prevalent, with 51% concerned about finances and 26% about job security. Many view employer-sponsored education as a key factor for loyalty, especially among younger generations burdened by student debt.

Bright Horizons Family Solutions (NYSE: BFAM) reported a robust performance in Q4 2021, achieving revenue of $463 million, a 23% increase compared to Q4 2020. Net income rose to $18 million, with diluted EPS at $0.29, marking significant year-over-year growth. For FY 2021, revenue reached $1.8 billion, a 16% increase, with net income soaring to $70 million. The company anticipates FY 2022 revenue between $2.05 billion and $2.15 billion and diluted adjusted EPS of $3.20 to $3.40. The strong balance sheet includes $261 million in cash and $400 million available for borrowing.