Financial Data and Key Metrics Changes - Revenue increased 14% to $530 million in Q4 2022, with adjusted EBITDA of $91 million and adjusted earnings per share of $0.77, an 18% increase from the prior year [19][23] - For the full year 2022, revenue reached $2 billion, representing a growth of 15%, while adjusted earnings per share expanded 31% to $2.60 [19] - Organic constant currency revenue grew approximately 8%, with acquisitions contributing an additional 11% or $36 million to revenue in the quarter [11][19] Business Line Data and Key Metrics Changes - Full service childcare segment revenue increased 15% in Q4 to $388 million, with three new organic centers added [19][23] - Back-Up Care revenue grew 15% in Q4 to $108 million, with operating income of $33 million, representing 30% of associated revenue [24][44] - Educational Advising segment delivered 11% growth to $33 million, driven by expanded use of workforce education and college admissions advising services [24] Market Data and Key Metrics Changes - In the U.S., year-over-year enrollment increased 6%, with a notable 10% growth in the infant and toddler age groups [7] - Internationally, enrollment growth was more challenging, with marginal increases in the UK and Netherlands due to staffing shortages and higher labor costs [8] - Average occupancy levels remained in the 55% to 60% range for Q4, with expectations of reaching 60% to 65% utilization on average for the year [36][47] Company Strategy and Development Direction - The company is focused on digital transformation, with investments in technology improving operational systems and user experiences [5][6] - Strategic expansion into new geographies was highlighted by the acquisition of Only About Children in Australia, which is expected to drive further growth [18] - The company aims to unify and extend the value of its offerings, projecting revenue growth of $2.3 billion to $2.4 billion in 2023, with adjusted EPS expected to be between $2.80 and $3 [22][25] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the recovery from the pandemic, noting solid progress in enrollment and Back-Up Care usage [22] - The company anticipates headwinds from the expiration of government funding programs and increased interest expenses, estimating a $0.60 to $0.65 per share impact on growth for 2023 [13][22] - Management remains optimistic about the resilience of the business model and the strength of client relationships, expecting continued growth in various segments [22] Other Important Information - The company reported a cash flow from operations of $57 million in Q4, compared to $42 million in the same period of 2021 [48] - The company ended the year with $36 million in cash and a leverage ratio of 3.2x net debt to EBITDA [48] Q&A Session Summary Question: What are the assumptions for revenue growth in terms of M&A contribution and utilization? - Management indicated that the full year revenue guidance of $2.3 billion to $2.4 billion includes a contribution from the Only About Children acquisition, estimated at $70 million to $75 million [28][31] Question: Can you provide insights on enrollment growth and occupancy rates? - Management expects mid to high single-digit enrollment growth, translating to an average occupancy rate of 60% to 65% [36] Question: How is the company addressing staffing constraints? - Management noted improvements in retention rates and an increase in job applications, but staffing remains a challenge impacting enrollment [37][38] Question: What is the outlook for operating margins in 2023? - Management expects low single-digit to mid-single-digit operating margins for full service, with improvements anticipated as the year progresses [40][98] Question: How does the company view the macroeconomic environment and potential recession impacts? - Management acknowledged potential demand headwinds during recessionary periods but noted that supply constraints may improve the labor environment [102]

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 September 30, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to 2 Wells Avenue Newton, Massachusetts 02459 (Address of pri ...

Financial Data and Key Metrics Changes - Revenue for Q3 2022 increased by 17% to $540 million, with adjusted net income of $38 million and adjusted EPS of $0.66 [8][26] - Adjusted operating income held steady at $46 million, representing 8% of revenue, while adjusted EBITDA increased by 2% to $81 million, or 15% of revenue [26][30] - The company expects to achieve $2 billion in revenue for the full year 2022, with adjusted EPS narrowed to a range of $2.60 to $2.65, reflecting a growth of 30% to 33% [22][41] Business Line Data and Key Metrics Changes - Full service childcare segment revenue increased by 14% to $381 million, driven by increased enrollment and pricing [8][28] - Back-up care revenue grew by 30% to $129 million, marking the highest revenue quarter in the segment's history [16][35] - Education advisory business revenue increased by 14% to $31 million, with solid participant growth [20][36] Market Data and Key Metrics Changes - Enrollment growth in the U.S. was mid-single digits, with notable gains in major metro areas like New York City and San Francisco [9][10] - In the UK and Netherlands, enrollment growth was muted due to labor market challenges [13] - The company experienced a 7% headwind from a strengthening dollar, resulting in a $19 million year-over-year impact [30] Company Strategy and Development Direction - The company is focused on rebuilding enrollment pipelines and improving staffing levels through investments in teacher compensation and benefits [24][34] - New product innovations, such as pet care and virtual tutoring, are being rolled out to drive greater adoption and frequency of use [19] - The company aims to maintain strong client relationships and leverage its employer-sponsored business model to meet childcare needs [25][73] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the continued progress across the business and the importance of childcare services for clients' workforce strategies [24][75] - Staffing remains a significant constraint on enrollment growth, with ongoing efforts to improve retention and recruitment [76] - The company anticipates a reduction in government subsidies in 2023, with expectations of $50 million to $60 million in funding for 2022 [64] Other Important Information - The company generated $131 million in cash from operations and made capital investments of $251 million, including $206 million for the acquisition of Only About Children [40] - Interest expense for Q3 was reported at $12 million, with expectations for an increase in Q4 due to the current rate environment [38] Q&A Session Summary Question: Confirmation of Q4 revenue guidance - Management confirmed that Q4 revenue is expected to be slightly down from Q3, primarily due to foreign exchange headwinds and a pullback in backup care [44] Question: Government subsidies recognized - Management indicated that $14 million was recognized in Q3, with expectations of a similar amount for the remainder of the year [45] Question: Organic constant currency revenue growth - Management reported that organic constant currency growth for full service was around 10% year-on-year [49] Question: Client sentiment and occupancy cadence - Management noted positive sentiment from clients regarding the importance of childcare services, with expectations for improved occupancy as staffing levels increase [53] Question: Full service margin expectations - Management expects full service margins to be close to breakeven in Q4, with some improvement anticipated [54] Question: Utilization rates and geographic performance - Management confirmed that utilization rates averaged 55% to 60% in Q3, with expectations for a slight uptick in Q4 [57] Question: Capital allocation priorities - Management indicated a focus on growing enrollment and recovering the primary business, with ongoing investments in smaller acquisitions and lease models [88]

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, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to 2 Wells Avenue Newton, Massachusetts 02459 (Address of principa ...

Financial Data and Key Metrics Changes - Revenue increased by 11% to $490 million, with adjusted operating income rising by 48% to $50 million [8][22] - Adjusted net income reached $42 million, resulting in adjusted EPS of $0.71, up 45% from the previous year [8] Business Line Data and Key Metrics Changes - Full service segment revenue grew by 11% to $371 million, with occupancy rates improving across both urban and suburban locations [9][10] - Backup care revenue increased by 13% to $92 million, surpassing pre-pandemic levels for the first time [14][28] - Education advisory business revenue grew by 7% to $27 million, driven by high interest in college admissions assistance [16][29] Market Data and Key Metrics Changes - Enrollment levels improved, with occupancy averaging between 35% and 65% across the portfolio [22] - The strength of the U.S. dollar against the British pound and euro resulted in a revenue headwind of approximately $13 million [24] Company Strategy and Development Direction - The company is focused on growth strategies and plans to invest in staffing and wage adjustments to meet demand [20][35] - The acquisition of Only About Children is expected to contribute approximately $70 million in revenue for the second half of 2022, with full potential realized in 2023 [19][31] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving full enrollment recovery, particularly in suburban and client centers [13][55] - The company revised its 2022 revenue outlook to approximately $2 billion, with adjusted EPS projected between $2.60 and $2.75 [20][33] Other Important Information - The company is experiencing seasonal enrollment impacts due to children aging into elementary school, affecting backfill capabilities [13][50] - The structural tax rate on adjusted net income increased to 26% for 2022, compared to 21% in the previous year [30] Q&A Session Summary Question: What is constraining growth recovery? - Management indicated that staffing and recruiting challenges are the primary constraints, with some urban markets lagging behind suburban areas in meeting demand [37][39] Question: What are the expectations for depreciation and amortization? - The estimated D&A for the year is around $80 million, with a contribution from Only About Children of approximately $2 million [40] Question: Can you provide more details on enrollment percentages? - Management noted that half of the centers have returned to pre-COVID levels, while urban markets like New York City and DC are still facing challenges [42][44] Question: What is the outlook for labor shortages? - Management is hopeful that wage investments will help alleviate staffing shortages, with an increase in applications and net new staff [46] Question: How are seasonal factors affecting enrollment? - The company is experiencing typical seasonal patterns, with preschoolers aging out and not enough younger children to backfill [48][50] Question: What government subsidies were received in Q2? - The company received approximately $16 million in government subsidies for P&L centers, which helped offset costs [51] Question: What are the price increases for this year and expectations for next year? - Price increases averaged 5% to 6% this year, with expectations for higher increases next year due to rising costs [56][58] Question: What is the visibility on financial guidance? - Management acknowledged challenges in visibility due to seasonal turnover and enrollment patterns, but believes the revised guidance is reasonable [60][62] Question: What is the margin profile for Only About Children? - Only About Children is expected to operate at a lower margin initially, with integration costs absorbed into the overall results [70]

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 March 31, 2022 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to 2 Wells Avenue Newton, Massachusetts 02459 (Address of princip ...

Bright Horizons Family Solutions Inc. (NYSE:BFAM) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET Company Participants Michael Flanagan - Senior Director, IR Stephen Kramer - CEO Elizabeth Boland - CFO Conference Call Participants Manav Patnaik - Barclays Andrew Steinerman - JPMorgan Hans Hoffman - Jefferies Jeff Meuler - Robert W. Baird Jeff Silber - BMO Capital Markets George Tong - Goldman Sachs Toni Kaplan - Morgan Stanley Faiza Alwy - Deutsche Bank Operator Greetings, and welcome to Bright Hori ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the fiscal year ended December 31, 2021 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 (Stat ...

Bright Horizons Family Solutions Inc. (NYSE:BFAM) Q4 2021 Results Conference Call February 16, 2022 5:00 PM ET Company Participants Michael Flanagan - Senior Director, IR Stephen Kramer - CEO Elizabeth Boland - CFO Conference Call Participants Hamzah Mazari - Jefferies George Tong - Goldman Sachs Jeff Silber - BMO Capital Markets Stephanie Yee - JP Morgan Toni Kaplan - Morgan Stanley Jeff Mueller - Baird Operator Greetings. Welcome to the Bright Horizons Family Solutions Fourth Quarter 2021 Earnings Call. A ...

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 September 30, 2021 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934. For the transition period from to 2 Wells Avenue Newton, Massachusetts 02459 (Address of pri ...