Bright Horizons Family Solutions(US:BFAM) Prnewswire·2026-02-26 20:12Core Viewpoint - Pomerantz LLP is investigating potential securities fraud and unlawful business practices by Bright Horizons Family Solutions Inc. following a significant decline in the company's financial performance and an increase in expected center closures [1]. Financial Performance - Bright Horizons reported a net income of $22 million for the fourth quarter of 2025, representing a 25% decrease year-over-year [1]. - The diluted earnings per common share were $0.38, down 24% compared to the previous year [1]. - The decline in financial performance was primarily attributed to $14.8 million in impairment and lease termination costs related to facility closures [1]. Operational Changes - The company announced an expected closure of "45 to 50 or so centers" in 2026, nearly doubling its prior estimate of "25 to 30 or so centers" [1]. - This operational change is likely to impact future revenue and profitability [1]. Market Reaction - Following the announcement of the financial results and center closures, Bright Horizons' stock price fell by $14.93 per share, or 18.25%, closing at $66.90 per share on February 13, 2026 [1].