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Bright Horizons Family Solutions (NYSE: BFAM) provides essential employer-sponsored care services, and this page serves as your definitive source for company news and official announcements. Access timely updates about corporate initiatives, financial developments, and program expansions that shape BFAM's role in modern family care solutions.
Investors and industry professionals will find curated press releases covering earnings reports, strategic partnerships, and innovations in child care services. Our collection includes updates on BFAM's educational programs, elder care expansions, and corporate client acquisitions – all critical for understanding the company's market trajectory.
Key content categories include quarterly financial results, new employer contract announcements, service territory expansions, and leadership updates. Each piece is verified for accuracy to support informed decision-making about BFAM's position in the workplace benefits sector.
Bookmark this page for streamlined access to BFAM's latest developments. Check regularly for updates on how the company continues to redefine employer-supported care through its child care centers, backup care networks, and educational initiatives.
Bright Horizons Family Solutions (NYSE: BFAM) reported its Q1 2021 financial results, showing a 23% decrease in revenue to $391 million compared to Q1 2020. Net income fell 77% to $7 million, with diluted earnings per share at $0.12. Adjusted EBITDA also decreased by 43% to $46 million. Despite these declines, the company maintains a strong balance sheet with $442 million in cash. The CEO expressed confidence in the recovery post-COVID-19 but refrained from providing earnings guidance due to ongoing uncertainties.
Bright Horizons announced over 2,000 childcare teachers have enrolled in its Horizons Teacher Degree Program, offering a no-cost path to an associate or bachelor’s degree in early childhood education. Launched in July 2018, the program has gained popularity, with 70% of participants employed for 5 years or less and 50% identifying as Black/African American or Hispanic/Latino. Bright Horizons has partnered with St. Philip’s College, an HBCU, enhancing its commitment to diversity. The program aims to elevate early childhood education standards, benefiting both employees and the broader educational field.
Bright Horizons Family Solutions (NYSE: BFAM) will announce its Q1 2021 results on May 5, 2021, post-market close. A conference call led by CEO Stephen Kramer is scheduled for 5:00 p.m. ET to present the company's financial performance and updated business outlook. Interested individuals can join the call at 1-866-269-4260 (1-323-347-3277 for international calls). The call will be available for replay until May 26, 2021. Detailed information, including the earnings release and audio webcast, can be found on www.brighthorizons.com.
The Bright Horizons seventh-annual Modern Family Index reveals growing concerns among working parents post-COVID-19. Key findings show 79% worry about their children’s perception of a healthy childhood, with significant concerns regarding social and emotional development (76%) and academic performance (30% of parents say children are falling behind). Parents desire more employer support, including childcare (46%) and tutoring (27%). The report highlights a shift in employer-employee dynamics, emphasizing the need for genuine family support over traditional perks.
Bright Horizons Family Solutions (NYSE: BFAM) reported a challenging fourth quarter and full year for 2020. Revenue fell to $377 million, an 28% decrease year-over-year, with net income down to $3 million or $0.04 per diluted share, marking a 95% decline. Full-year revenue was $1.5 billion, 27% lower than 2019. Despite a solid balance sheet, the ongoing impacts of COVID-19 hinder operational recovery. The company remains cautious, unable to provide 2021 guidance due to uncertainties surrounding enrollment and reopening plans.
Bright Horizons EdAssist Solutions has identified the top healthcare employers providing comprehensive education benefits, recognizing them as “The Smartest Healthcare Organizations in Workforce Education.” The recognition highlights employers like Atrium Health and NewYork-Presbyterian, who support employees in advancing their education through tuition assistance and financial coaching. Key metrics include 94% retention rates at Kennedy Krieger and over 2,500 support beneficiaries at Atrium Health since July 2020. The initiative underscores the growing importance of education in enhancing workforce motivation and security, especially during the pandemic.
Bright Horizons Family Solutions® Inc. (NYSE: BFAM) will announce its fourth quarter 2020 results on February 17, 2021, after market close. A conference call will follow at 5:00 p.m. ET, featuring CEO Stephen Kramer discussing the earnings, business outlook, and strategy. Interested listeners can dial 1-877-407-9039 (or 1-201-689-8470 internationally) to join. The earnings release and call replay will be available until March 10, 2021, along with an audio webcast on the company’s website.
A recent survey by Bright Horizons (NYSE: BFAM) highlights the challenges parents face in securing effective child care during the COVID-19 pandemic. Among working parents, 78% express concern over their children missing social and developmental opportunities. Notably, 46% of those using in-home care feel that child care centers offer better social and educational experiences. In contrast, 67% of parents with children in centers believe their arrangements foster social development. The survey indicates a strong desire for structured child care, with 89% of parents open to enrolling their children in such settings soon.
Bright Horizons EdAssist Solutions (NYSE:BFAM) announced its endorsement of the CARES Act Student Loan Repayment Provision, recently extended to 2025. Under this provision, employers can contribute up to $5,250 annually for employees' educational expenses tax-free. This initiative could increase the number of employers offering student loan benefits from 1 in 10 to 1 in 3. In 2019, Bright Horizons helped employees save nearly $1 billion in student debt through direct payments, significantly impacting their financial well-being.
Bright Horizons Family Solutions (NYSE:BFAM) announced the retirement of its three founders, Roger Brown, Linda Mason, and Marguerite Kondracke, from the Board of Directors effective March 31, 2021. They will transition to Director Emeritus roles, continuing to advise the organization. The founders expressed pride in the company's evolution and its ability to meet modern needs while adhering to its core mission. Chairman David Lissy and CEO Stephen Kramer praised their contributions and assured shareholders of the Board’s robust experience. The Board will reduce in size to ten members following this transition.
