Bright Horizons Family Solutions Reports Financial Results for Third Quarter of 2024
Bright Horizons Family Solutions Inc. (BFAM)
Last bright horizons family solutions inc. earnings: 2/13 04:21 pm
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US:NASDAQ Investor Relations:
investors.brighthorizons.com/investor-overview
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Source: Business Wire
NEWTON, Mass.--(BUSINESS WIRE)--Bright Horizons Family Solutions® Inc. (NYSE: BFAM), a leading provider of high-quality early education and child care, family care solutions, and workforce education services designed to support working families and client employees across life and career stages, today announced financial results for the third quarter of 2024 and updated financial guidance for 2024.Third Quarter 2024 Highlights (compared to Third Quarter 2023):Revenue of $719 million (increase of 11%)Income from operations of $89 million (increase of 34%)Net income of $55 million and diluted earnings per common share of $0.94 (increases of 37% and 36%, respectively)Non-GAAP financial measuresAdjusted EBITDA* of $121 million (increase of 20%)Adjusted income from operations* of $89 million (increase of 34%)Adjusted net income* of $65 million and diluted adjusted earnings per common share* of $1.11 (increases of 27% and 26%, respectively)“I am pleased to report solid financial results
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News
- Bright Horizons Family Solutions Inc. (NYSE: BFAM) had its price target lowered by analysts at Morgan Stanley from $108.00 to $102.00. They now have an "underweight" rating on the stock.MarketBeat
- The Boston Globe Names Bright Horizons a Top Place to Work in 2024 [Yahoo! Finance]Yahoo! Finance
- The Boston Globe Names Bright Horizons a Top Place to Work in 2024Business Wire
- Is Bright Horizons Family Solutions Inc. (NYSE:BFAM) Potentially Undervalued? [Yahoo! Finance]Yahoo! Finance
- Bright Horizons Family Solutions Inc. (NYSE: BFAM) was upgraded by analysts at Baird R W from a "hold" rating to a "strong-buy" rating.MarketBeat
BFAM
Earnings
- 11/4/24 - Beat
BFAM
Sec Filings
- 12/11/24 - Form 8-K
- 12/5/24 - Form 4
- 12/3/24 - Form 144
- BFAM's page on the SEC website