Have you been paying attention to shares of Bright Horizons Family Solutions (BFAM) ? Shares have been on the move with the stock up 15.2% over the past month. The stock hit a new 52-week high of $138.25 in the previous session. Bright Horizons Family Solutions has gained 44.6% since the start of the year compared to the -2.4% move for the Zacks Consumer Discretionary sector and the 2% return for the Zacks Schools industry. What's Driving the Outperformance? The stock has an impressive record of positive ea ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock. By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style S ...

Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Bright Horizons Family Solutions (BFAM) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question. Bright Horizons Family Solutions is a member of our C ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the quarterly period ended June 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to Commission File Number: 001-35780 BRIGHT HORIZONS FAMILY SOLUTIONS INC. (Exact name of registrant as specified in its charter) Delaware 80-0188269 (State or other ju ...

Bright Horizons Family Solutions Inc. (NYSE:BFAM) Q2 2024 Results Conference Call August 1, 2024 5:00 PM ET Company Participants Michael Flanagan - Vice President, Investor Relations Stephen Kramer - Chief Executive Officer Elizabeth Boland - Chief Financial Officer Conference Call Participants George Tong - Goldman Sachs Manav Patnaik - Barclays Andrew Steinerman - JPMorgan Jeff Meuler - Baird Josh Chan - UBS Jeff Silber - BMO Capital Markets Harold Antor - Jefferies Toni Kaplan - Morgan Stanley Faiza Alwy ...

For the quarter ended June 2024, Bright Horizons Family Solutions (BFAM) reported revenue of $670.06 million, up 11.1% over the same period last year. EPS came in at $0.88, compared to $0.64 in the year-ago quarter. The reported revenue compares to the Zacks Consensus Estimate of $664.54 million, representing a surprise of +0.83%. The company delivered an EPS surprise of +22.22%, with the consensus EPS estimate being $0.72. While investors scrutinize revenue and earnings changes year-over-year and how they ...

Bright Horizons Family Solutions (BFAM) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.72 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this child care and early education services provider would post earnings of $0.45 per share when it actually produced earnings of $0.51, delivering a s ...

Revenue Growth - Revenue for Q2 2024 was $670 million, representing an 11% increase compared to Q2 2023[2] - Revenue for the six months ended June 30, 2024, increased to $1,292,768 thousand, up from $1,156,822 thousand in the same period of 2023, representing an increase of 11.7%[15] - Revenue from child care services for the six months ended June 30, 2024, was $990,717 thousand, up from $888,722 thousand in 2023, an increase of 11.5%[20] - Back-up care revenue grew by 15% in Q2 2024, contributing to overall revenue growth[2] Income and Earnings - Net income for Q2 2024 was $39 million, a 90% increase from $20.6 million in Q2 2023, with diluted earnings per share rising to $0.67[4] - Net income for the six months ended June 30, 2024, was $56,163 thousand, compared to $28,720 thousand in 2023, reflecting a growth of 96.0%[15] - Earnings per share (diluted) increased to $0.96 in 2024 from $0.50 in 2023, marking a significant rise of 92.0%[15] - Diluted adjusted earnings per share for Q2 2024 were $0.88, compared to $0.64 in Q2 2023, marking a 37% increase[21] Operational Performance - Income from operations increased by 52% to $69 million in Q2 2024, up from $45.5 million in Q2 2023[4] - Income from operations for the first half of 2024 was $108,996,000, compared to $76,177,000 in the same period of 2023, reflecting a 43% increase[21] - Adjusted EBITDA for Q2 2024 was $103 million, reflecting a 25% increase from the previous year[5] - Adjusted EBITDA for Q2 2024 was $102,630,000, up 25% from $81,914,000 in Q2 2023, representing 15% of revenue[21] - EBITDA for Q2 2024 was $94,525,000, which is 14% of revenue, up from 12% in Q2 2023[21] Cash Flow and Investments - Cash generated from operations in the first half of 2024 was $225.8 million, compared to $180 million in the same period of 2023[7] - Net cash provided by operating activities for the six months ended June 30, 2024, was $225,750 thousand, compared to $180,042 thousand in 2023, reflecting an increase of 25.3%[18] - The company made net investments totaling $64.1 million in the first half of 2024, down from $68.7 million in the prior year[7] Assets and Liabilities - Cash and cash equivalents at the end of the period increased to $140,246 thousand from $71,568 thousand, showing a growth of 96.0%[17] - Total assets decreased slightly to $3,837,399 thousand as of June 30, 2024, from $3,896,144 thousand at the end of 2023[17] - Total liabilities decreased to $2,554,178 thousand from $2,683,468 thousand, indicating a reduction of 4.8%[17] Tax and Expenses - Income tax expense for Q2 2024 was $17,872,000, compared to $12,719,000 in Q2 2023, indicating a 41% increase[21] - Stock-based compensation expense for Q2 2024 was $8,105,000, up from $7,463,000 in Q2 2023[21] - The company anticipates an effective tax rate of approximately 28% for the full year based on the jurisdictional mix of expected adjusted income before income tax[22] Company Operations - The company operated 1,032 early education and child care centers as of June 30, 2024, with a capacity to serve approximately 115,000 children[5] - Income from operations for the back-up care segment was $47,576 thousand, maintaining a margin of 19% of its revenue in 2024[20]

FORM 10-Q BRIGHT HORIZONS FAMILY SOLUTIONS INC. (Exact name of registrant as specified in its charter) 2 Wells Avenue Newton, Massachusetts 02459 (Address of principal executive offices) (Zip code) Registrant's telephone number, including area code: (617) 673-8000 Not Applicable (Former name, former address and former fiscal year, if changed since last report) Securities registered pursuant to Section 12(b) of the Act: Title of each class Trading Symbol(s) Name of each exchange on which registered Common St ...

Bright Horizons Family Solutions Inc. (NYSE:BFAM) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Michael Flanagan – Vice President, Investor Relations Stephen Kramer – Chief Executive Officer Elizabeth Boland – Chief Financial Officer Conference Call Participants Andrew Steinerman – JPMorgan George Tong – Goldman Sachs Josh Chan – UBS Manav Patnaik – Barclays Jeff Meuler – Baird Toni Kaplan – Morgan Stanley Jeff Silber – BMO Capital Markets Operator Greetings, and welcome to th ...