KinderCare Reports Third Quarter 2024 Financial Results
KinderCare Learning Companies, Inc. (KLC)
Company Research
Source: Business Wire
PORTLAND, Ore.--(BUSINESS WIRE)--KinderCare Learning Companies, Inc. (NYSE: KLC) (“KinderCare”), the nation’s largest private provider of high-quality early childhood education by center capacity, today announced financial results for the quarter ended September 28, 2024.Third Quarter 2024 HighlightsRevenue of $671.5 millionIncome from operations of $54.4 millionNet Income of $14.0 million and net income per common share, diluted (1) of $0.15On October 10, 2024, the Company completed its initial public offering ("IPO"), in which it sold 27.6 million shares of common stock, raising approximately $616.2 million in net proceedsNon-GAAP financial measuresAdjusted EBITDA (2) of $71.4 millionAdjusted net income (2) of $4.3 million and adjusted net income per common share, diluted (1)(2) of $0.05“KinderCare delivered strong results during the third quarter of 2024, which marks our first earnings report as a public company,” said Paul Thompson, KinderCare’s Chief Executive Officer. “Reven
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News
- KinderCare Reports Third Quarter 2024 Financial Results [Yahoo! Finance]Yahoo! Finance
- KinderCare to Announce Third Quarter 2024 Results on November 20Business Wire
- KinderCare Learning Companies: Aided By Pandemic Subsidies [Seeking Alpha]Seeking Alpha
- Platinum Equity's Ingram Micro seeks up to $5.4 billion valuation in US IPO [Yahoo! Finance Canada]Yahoo! Finance Canada
- KinderCare just became a public company. Can it fix the childcare shortage? [Yahoo! Finance]Yahoo! Finance
KLC
Earnings
- 11/20/24 - Beat
KLC
Sec Filings
- 11/21/24 - Form 10-Q
- 11/20/24 - Form 8-K
- 10/31/24 - Form 8-K
- KLC's page on the SEC website