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

Bright Horizons (NYSE:BFAM) has partnered with Major League Baseball (MLB) to enhance family-friendly benefits for employees returning to the office this fall. Nearly 46% of employees expect support in child care. MLB now provides back-up child and elder care, resources for babysitting, pet sitting, and tutoring. This initiative aims to ease the transition for working parents, helping them balance work and family responsibilities. Stephen Kramer, CEO of Bright Horizons, emphasizes that addressing child care concerns can significantly improve employee productivity.

Bright Horizons Family Solutions (NYSE: BFAM) reported a strong third quarter of 2021, with revenue rising 36% to $460 million compared to the same quarter in 2020. Net income reached $27 million, leading to diluted earnings per share of $0.44, a significant improvement from a loss in the previous year. Adjusted EBITDA also increased by 163% to $79 million. The company re-opened 23 centers and added 19 new ones as it navigates the impacts of COVID-19. Despite this progress, the company refrains from providing full earnings guidance for the remainder of 2021 due to ongoing uncertainties related to the pandemic.

Bright Horizons Family Solutions Inc. (NYSE: BFAM) will release its third quarter 2021 results on November 2, 2021, after market close. A conference call with analysts and investors is scheduled for 5:00 p.m. ET the same day to discuss earnings, business outlook, and strategy. Interested participants can join by dialing 1-877-407-9039 or 1-201-689-8470 for international calls. The earnings release and a link to the audio webcast will be available on the company's website.

Bright Horizons EdAssist Solutions has partnered with Dutch Bros Coffee to launch an innovative Education Benefit Program. This program enables Dutch Bros employees to pursue degrees or certifications, promoting career and financial mobility. By covering education costs upfront, the initiative aims to eliminate financial barriers and support employee development. Dutch Bros operates over 480 locations across 11 states, emphasizing their commitment to employee success and community contributions.

Bright Horizons (NYSE: BFAM) has been recognized by PEOPLE magazine and Great Place to Work® as one of the 2021 Companies that Care®. This marks the company's first appearance on this prestigious list, celebrating organizations that excel in business while prioritizing employee welfare and community support. Key initiatives include the FirstRespondersFirst program, which provided free childcare during the pandemic, and the Horizons Teacher Degree Program, which enables employees to earn degrees in early childhood education at no cost.

Bright Horizons (NYSE: BFAM) has announced a new COVID-19 safety policy requiring employees at U.S. child care centers to be vaccinated or undergo weekly testing, starting September. The company emphasizes health and safety, offering a $100 incentive for vaccinations. Stringent protocols will remain in place, including daily health checks and mask requirements. This move aims to protect staff and children amid the ongoing pandemic. Bright Horizons, a leader in early education and child care, supports over 1,000 centers across the U.S. and beyond.

Bright Horizons Family Solutions (BFAM) reported financial results for Q2 2021, showing significant growth compared to Q2 2020. Revenue increased by 50% to $441 million, driven by higher enrollment in child care centers as operations ramped up post-COVID-19. Income from operations surged by 319% to $34 million, and net income rose to $19 million, with diluted EPS of $0.31. Adjusted EBITDA was $68 million, up 13%. Despite improvements, back-up care services saw revenue declines. The company maintains a strong balance sheet with $419 million in cash as of June 30, 2021.

Bright Horizons Family Solutions® Inc. (NYSE: BFAM) will announce its financial results for Q2 2021 on August 4, 2021, post-market close. A conference call will follow at 5:00 p.m. ET, hosted by CEO Stephen Kramer, to discuss performance and updated business strategies. Interested parties can listen in via specified phone numbers, and a replay will be available until August 25, 2021. The earnings release and audio webcast will be accessible on the Company's Investor Relations website: www.brighthorizons.com.