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Bright Horizons Family Solutions Inc. (NYSE: BFAM) is a renowned provider of education and care solutions designed to help employers support their employees in achieving a balanced work-life integration. Established in 1986, Bright Horizons has been a pioneer in creating employer-sponsored child care centers, transforming the modern business culture by addressing the needs of working parents. Today, the company operates over 1,000 child care centers globally, relied upon by thousands of working families.
The company operates through three main business segments: full-service center-based child care, backup care, and educational advisory services. The full-service center-based child care segment, which includes traditional center-based child care and early education services, is the primary revenue generator for the company. This segment ensures that children receive the best early education and care, providing parents with peace of mind as they pursue their careers.
In addition to child care services, Bright Horizons offers backup care solutions, which encompass in-home child and elder care. These services provide critical support to employees in times of need, ensuring that both children and elderly family members are well cared for. The educational advisory services segment offers tuition assistance and education consulting, supporting both child and adult learners in their educational journeys.
Bright Horizons collaborates with many of the world's top employers, who consider the company's benefits programs a cornerstone of their employee support strategies. These programs have consistently earned recognition on prestigious lists such as Fortune's “Best Companies to Work For” and Working Mother's top workplace lists. The company's dedication to creating supportive cultures for its clients extends to its own workforce, fostering an environment where both employees and clients can thrive.
Financially, Bright Horizons generates more than half of its revenue from North America, reflecting its strong presence and trusted reputation in the region. The company's commitment to excellence is evident in its continuous efforts to innovate and expand its services, ensuring that it remains a leader in the education and care industry.
Bright Horizons Family Solutions Inc. (NYSE: BFAM) will announce its financial results for Q1 2023 on May 2, 2023, after the market closes. The company will hold a conference call at 5:00 p.m. ET to discuss the results and its updated business outlook. Investors can join the call by dialing 1-877-407-9039 or 1-201-689-8470 for international calls. Replays will be available until May 16, 2023. Bright Horizons operates around 1,100 early education and child care centers globally, serving over 1,400 leading employers. This financial update aims to provide insights into the company's performance and future strategies.
Bright Horizons has launched a new podcast titled The Work-Life Equation. This podcast features interviews with leaders and caregivers discussing the challenges of work-life balance. The inaugural guest, Indra Nooyi, shares insights on supporting working parents and the necessity of childcare benefits. The podcast aims to provide valuable advice for caregivers, including episodes hosted by Priya Krishnan and Christine Michel Carter. New episodes will be released bi-weekly across major platforms, reinforcing Bright Horizons' commitment to enhancing workforce support.
Bright Horizons Family Solutions Inc. (NYSE: BFAM) reported strong financial results for Q4 2022, with revenue of $530 million, reflecting a 15% increase year-over-year. Income from operations rose by 12% to $40 million, while net income reached $18 million, up 2%. Diluted earnings per share increased by 7% to $0.31. For the full year, revenue hit $2 billion, marking a 15% growth, and the company expected 2023 revenue between $2.3 billion and $2.4 billion, with adjusted EPS projected at $2.80 to $3.00. CEO Stephen Kramer emphasized progress in enrollment and client relationships, setting a positive tone for future growth.
Bright Horizons Family Solutions (NYSE: BFAM) will announce its fourth quarter 2022 results on February 16, 2023, post-market. A conference call to discuss results and future business outlook will be held at 5:00 p.m. ET, featuring CEO Stephen Kramer. Interested investors can dial in at 1-877-407-9039 for the U.S. or 1-201-689-8470 internationally. The call's replay will be available until March 9, 2023. Bright Horizons, a global leader in early education and child care services, operates around 1,100 centers across the U.S., U.K., Netherlands, Australia, and India, partnering with over 1,350 employers to support working families.
Arena Analytics announced the hiring of Neal Bruce as Chief Product Officer and Kelly Russell as VP of Client Strategy and Growth, effective February 1, 2023. These appointments aim to enhance the company's capacity to deliver data-driven hiring and retention solutions to the healthcare sector. Neal Bruce brings over 30 years of experience in human capital management, while Kelly Russell has over 30 years in HR Tech business development.
With a focus on reducing turnover and improving business outcomes, Arena is positioning itself for significant growth in response to market demand.
Bright Horizons Family Solutions (NYSE: BFAM) announced its Q3 2022 results, reporting revenue of $540 million, a 17% increase year-over-year. However, income from operations fell by 15% to $39 million, and net income decreased by 32%, resulting in diluted EPS of $0.31. Adjusted EBITDA rose 2% to $81 million, while adjusted net income decreased 1% to $38 million. The company announced an updated revenue forecast of $2.0 billion for 2022 with diluted adjusted EPS projected between $2.60 and $2.65.
Bright Horizons Family Solutions (NYSE: BFAM) will announce its financial results for Q3 2022 on November 1, 2022, after market closing. A conference call will follow at 5:00 p.m. ET to discuss the earnings and business outlook. The company operates around 1,100 centers globally and serves over 1,350 employers.
For further updates, the earnings release and call details will be available on their website.
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