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Stock impact report

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 Check Earnings Report
Company Research 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 Show less Read more
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