BRIGHT HORIZONS FAMILY SOLUTIONS INC. - BFAM STOCK NEWS

New research from EdAssist by Bright Horizons highlights a shift in priorities for American workers post-pandemic, with a focus on skills development for career stability. According to the second annual Education Index, 73% of employees believe new skills will enhance job opportunities, while 70% feel pressured to continually develop. Financial stress is prevalent, with 51% concerned about finances and 26% about job security. Many view employer-sponsored education as a key factor for loyalty, especially among younger generations burdened by student debt.

Bright Horizons Family Solutions (NYSE: BFAM) reported a robust performance in Q4 2021, achieving revenue of $463 million, a 23% increase compared to Q4 2020. Net income rose to $18 million, with diluted EPS at $0.29, marking significant year-over-year growth. For FY 2021, revenue reached $1.8 billion, a 16% increase, with net income soaring to $70 million. The company anticipates FY 2022 revenue between $2.05 billion and $2.15 billion and diluted adjusted EPS of $3.20 to $3.40. The strong balance sheet includes $261 million in cash and $400 million available for borrowing.

Bright Horizons Family Solutions (NYSE: BFAM) will release its financial results for Q4 2021 on February 16, 2022, after market close. A conference call will follow at 5:00 p.m. ET to discuss the results and updated business outlook. Interested participants can join via a dedicated phone line. The earnings release and audio webcast link will be available on the company's website. Bright Horizons is a leader in early education and childcare services, operating around 1,000 centers globally and serving over 1,300 employers.

Bright Horizons is hosting its second annual virtual National Hiring Day on February 1st, aiming to fill hundreds of full-time Teacher and Associate Teacher positions across its childcare centers. The company offers significant benefits, including free early education college degrees through the Horizons Teacher Degree Program. Bright Horizons, recognized as one of FORTUNE’s “100 Best Companies to Work For,” emphasizes diversity and inclusion while providing extensive employee benefits such as 401(k) plans and health insurance.

Bright Horizons EdAssist Solutions has launched the Workforce Education Network to tackle workforce education challenges in the U.S. This initiative aims to enhance access to affordable, quality education while minimizing costs and time to degree completion for employees and employers. The founding partners include Western Governors University and the colleges of the Alamo College District. The network focuses on reskilling and upskilling, particularly for underrepresented groups, aiming to foster social mobility and productivity growth.

According to the seventh-annual Modern Family Index, commissioned by Bright Horizons, 50% of parents report increasing concerns over their children's mental load and mental health as the new school year approaches. Rachel Robertson from Bright Horizons emphasizes the importance of mindfulness in classrooms to alleviate stress. The organization's evidence-based curriculum focuses on developing social-emotional skills and includes mindfulness activities. Parents can access mindfulness resources via Bright Horizons' World at Home website and the Teach. Play. Love podcast.

Bright Horizons (NYSE:BFAM) has partnered with Major League Baseball (MLB) to enhance family-friendly benefits for employees returning to the office this fall. Nearly 46% of employees expect support in child care. MLB now provides back-up child and elder care, resources for babysitting, pet sitting, and tutoring. This initiative aims to ease the transition for working parents, helping them balance work and family responsibilities. Stephen Kramer, CEO of Bright Horizons, emphasizes that addressing child care concerns can significantly improve employee productivity.