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

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.

Bright Horizons Family Solutions (NYSE: BFAM) will release its financial results for Q4 2021 on February 16, 2022, after market close. A conference call will follow at 5:00 p.m. ET to discuss the results and updated business outlook. Interested participants can join via a dedicated phone line. The earnings release and audio webcast link will be available on the company's website. Bright Horizons is a leader in early education and childcare services, operating around 1,000 centers globally and serving over 1,300 employers.

Bright Horizons is hosting its second annual virtual National Hiring Day on February 1st, aiming to fill hundreds of full-time Teacher and Associate Teacher positions across its childcare centers. The company offers significant benefits, including free early education college degrees through the Horizons Teacher Degree Program. Bright Horizons, recognized as one of FORTUNE’s “100 Best Companies to Work For,” emphasizes diversity and inclusion while providing extensive employee benefits such as 401(k) plans and health insurance.

Bright Horizons EdAssist Solutions has launched the Workforce Education Network to tackle workforce education challenges in the U.S. This initiative aims to enhance access to affordable, quality education while minimizing costs and time to degree completion for employees and employers. The founding partners include Western Governors University and the colleges of the Alamo College District. The network focuses on reskilling and upskilling, particularly for underrepresented groups, aiming to foster social mobility and productivity growth.