Bright Horizons Family Solutions(BFAM) - 2025 Q1 - Quarterly Results

Financial Performance - Revenue for Q1 2025 was $665.5 million, representing a 7% increase compared to Q1 2024[19] - Income from operations increased by 56% to $62.3 million in Q1 2025, up from $39.9 million in Q1 2024[4] - Net income for Q1 2025 was $38.0 million, a 124% increase from $17.0 million in Q1 2024[4] - Diluted earnings per share rose to $0.66 in Q1 2025, compared to $0.29 in Q1 2024, marking a 128% increase[4] - Adjusted EBITDA for Q1 2025 was $92.3 million, reflecting a 23% increase from the previous year[5] - Adjusted net income increased by 51% to $44.7 million in Q1 2025, compared to $29.6 million in Q1 2024[5] - Total revenue for the first quarter of 2025 reached $665,527,000, up from $622,709,000 in Q1 2024, indicating a year-over-year increase of approximately 6.9%[25] - Adjusted EBITDA for Q1 2025 was $92,304,000, compared to $74,981,000 in Q1 2024, reflecting a growth of 23%[27] - The diluted adjusted earnings per common share increased to $0.77 in Q1 2025 from $0.51 in Q1 2024, marking a growth of 51%[27] Cash and Assets - The company generated $86.2 million in cash from operations during the three months ended March 31, 2025[8] - The company had $112.0 million in cash and cash equivalents and $384.8 million available for borrowing as of March 31, 2025[8] - Cash and cash equivalents at the end of Q1 2025 were $123,968,000, compared to $69,400,000 at the end of Q1 2024, showing an increase of 78.8%[23] - The company reported a total of $448,478,000 in current assets as of March 31, 2025, down from $496,031,000 at the end of 2024, a decrease of approximately 9.6%[21] Liabilities and Debt - Total liabilities decreased to $2,499,386,000 as of March 31, 2025, from $2,571,923,000 at the end of 2024, a reduction of about 2.8%[21] - Principal payments of long-term debt in Q1 2025 amounted to $49,500,000, significantly higher than $4,000,000 in Q1 2024[23] Operational Capacity - The company operated 1,023 early education and child care centers as of March 31, 2025, with a capacity to serve approximately 115,000 children[6] - For fiscal year 2025, the company expects revenue to be in the range of $2.865 billion to $2.915 billion[10] Operational Efficiency - The company’s income from operations for Q1 2025 was $62,272,000, up from $39,937,000 in Q1 2024, representing a growth of 56.1%[27] - The percentage of adjusted income from operations to total revenue improved to 9% in Q1 2025 from 6% in Q1 2024[27]