Bright Horizons ( (BFAM) ) has released its Q4 earnings. Here is a breakdown of the information Bright Horizons presented to its investors.
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Bright Horizons Family Solutions Inc. is a leading global provider of high-quality early education and child care, back-up care, and workforce education services, serving more than 1,450 of the world’s leading employers. The company operates over 1,000 centers worldwide, focusing on supporting working families and employees across various stages of life and career.
Bright Horizons Family Solutions reported strong financial results for the fourth quarter and full year of 2024, reflecting significant growth in revenue and net income. The company’s revenue increased by 10% in the fourth quarter of 2024 compared to the previous year, while net income surged by 427% during the same period, showcasing a robust financial performance.
Key financial metrics for the fourth quarter of 2024 included a revenue increase to $674 million and an income from operations growth of 71%. The company’s net income reached $29 million, with diluted earnings per share rising significantly. For the full year, Bright Horizons reported a revenue of $2.7 billion, a notable increase from the previous year, and an adjusted EBITDA of $409 million, demonstrating the strength of its diversified client base and service offerings.
Looking ahead to 2025, Bright Horizons is optimistic about its growth trajectory, with projected revenues ranging from $2.85 billion to $2.9 billion and expectations of continued expansion in its service offerings. The company remains committed to enhancing its services and delivering high-quality care and education to families and learners globally.
