Business Overview - Bright Horizons' 2024 revenue reached $2686 million[8], with an adjusted EBITDA of $409 million[8] and an adjusted EBITDA margin of 15.2%[8] - The company operates 1,019 centers globally[8] and serves over 1,450 clients[8], maintaining a 95% employer-sponsored center client retention rate[8] - Bright Horizons manages over $1 billion in tuition[10] and covers over 3 million employees with college advising services[10] Growth and Financial Performance - The company has a 25+ year history of sales growth, excluding the COVID-19 disruption in 2020[8] - Back-Up Care revenue reached $610 million in 2024[10], a significant increase from $296 million in 2019[10] - Educational Advisory revenue increased to $114 million in 2024[10], up from $82 million in 2019[10] Client Base and Market - Bright Horizons serves a diversified blue-chip client base, including over 220 of the Fortune 500[23] - The largest customer accounts for 1% of revenue, and the top 10 customers account for 8% of revenue[23] - The company's customer end markets include Tech (32%), Healthcare & Pharmaceuticals (17%), and Professional Services/Other (12%)[23] Q4 2024 Performance - Total revenue for Q4 2024 was $674 million, a 10% increase compared to $616 million in Q4 2023[61] - Adjusted EBITDA for Q4 2024 was $111 million, a 12% increase compared to $99 million in Q4 2023[61] - Adjusted EPS for Q4 2024 was $0.98, an 18% increase compared to $0.83 in Q4 2023[61]

Business Overview - Bright Horizons' 2024 revenue reached $2686 million[8], with an adjusted EBITDA of $409 million[8] and an adjusted EBITDA margin of 15.2%[8] - The company operates 1,019 centers globally[8] and serves over 1,450 clients[8], maintaining a 95% employer-sponsored center client retention rate[8] - Bright Horizons manages over $1 billion in tuition[10] and covers over 3 million employees with college advising services[10] Growth and Financial Performance - The company has a 25+ year history of sales growth, excluding the COVID-19 disruption in 2020[8] - Back-Up Care revenue reached $610 million in 2024[10], a significant increase from $296 million in 2019[10] - Educational Advisory revenue increased to $114 million in 2024[10], up from $82 million in 2019[10] Client Base and Market - Bright Horizons serves a diversified blue-chip client base, including over 220 of the Fortune 500[23] - The largest customer accounts for 1% of revenue, and the top 10 customers account for 8% of revenue[23] - The company's customer end markets include Tech (32%), Healthcare & Pharmaceuticals (17%), and Professional Services/Other (12%)[23] Q4 2024 Performance - Total revenue for Q4 2024 was $674 million, a 10% increase compared to $616 million in Q4 2023[61] - Adjusted EBITDA for Q4 2024 was $111 million, a 12% increase compared to $99 million in Q4 2023[61] - Adjusted EPS for Q4 2024 was $0.98, an 18% increase compared to $0.83 in Q4 2023[61]

Core Insights - Bright Horizons Family Solutions (BFAM) reported revenue of $665.53 million for the quarter ended March 2025, reflecting a year-over-year increase of 6.9% and exceeding the Zacks Consensus Estimate of $663.99 million by 0.23% [1] - The company's earnings per share (EPS) was $0.77, up from $0.51 in the same quarter last year, representing an EPS surprise of 22.22% against the consensus estimate of $0.63 [1] Revenue Breakdown - Full service center-based child care revenue was $510.55 million, slightly below the average estimate of $511.04 million, but still showing a year-over-year increase of 5.6% [4] - Revenue from educational advisory and other services reached $26.37 million, surpassing the estimated $25.31 million, with an 8.1% increase compared to the previous year [4] - Back-up care revenue was reported at $128.61 million, exceeding the average estimate of $127.86 million, marking a 12.2% year-over-year growth [4] Operational Performance - Adjusted income from operations for full service center-based child care was $33.25 million, significantly higher than the estimated $25.39 million [4] - Adjusted income from operations for educational advisory and other services was $2.63 million, slightly below the estimated $2.95 million [4] - Adjusted income from operations for back-up care was $26.38 million, exceeding the average estimate of $21.70 million [4] Stock Performance - Bright Horizons shares have returned +11.9% over the past month, outperforming the Zacks S&P 500 composite, which saw a +0.4% change [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the broader market in the near term [3]