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The 10th annual Modern Family Index (MFI) conducted by Bright Horizons (NYSE:BFAM) and The Harris Poll reveals that parents are ready to leave jobs for family-friendly benefits, with 78% comfortable speaking up about family responsibilities with employers. The research shows 70% prioritize working for a company offering work/life balance benefits, and 66% would delay having more children until finding a job with better family planning support. Employers not providing childcare assistance risk losing employees. However, there is optimism among parents for workplace improvements like flexible schedules and enhanced benefits.
Bright Horizons Family Solutions reported strong financial results for the first quarter of 2024, with revenue increasing by 12% to $623 million. The company also saw significant growth in income from operations, net income, and diluted earnings per common share. Adjusted EBITDA, adjusted income from operations, and adjusted net income all showed positive increases. The company reaffirmed its financial guidance for 2024, with expectations of revenue in the range of $2.6 billion to $2.7 billion and diluted adjusted earnings per common share of $3.00 to $3.20.