KinderCare Learning Companies Inc ( (KLC) ) has released its Q4 earnings. Here is a breakdown of the information KinderCare Learning Companies Inc presented to its investors.
KinderCare Learning Companies, Inc., based in Lake Oswego, Oregon, is a prominent provider of early childhood education and care services across the United States, operating over 2,500 centers and sites. The company offers a range of childcare solutions, including KinderCare Learning Centers, Crème School, and Champions before and after-school programs, catering to children from six weeks to 12 years old.
In its latest earnings report for the fourth quarter of 2024, KinderCare reported a revenue of $647.0 million, reflecting a 4.7% increase compared to the same period in 2023. The company also highlighted the successful completion of its initial public offering (IPO) in October 2024, which raised $616.1 million in net proceeds, primarily used to repay a significant portion of its outstanding debt.
Key financial metrics for the fourth quarter included a loss from operations of $89.3 million and a net loss of $133.6 million. Despite these losses, the company achieved an adjusted EBITDA of $66.0 million and an adjusted net income of $10.7 million. For the full fiscal year 2024, KinderCare reported a revenue of $2,663.0 million, with an income from operations of $79.3 million, though it ended the year with a net loss of $92.8 million.
Looking ahead to 2025, KinderCare anticipates continued growth, projecting revenues between $2.75 billion and $2.85 billion, and an adjusted EBITDA ranging from $310 million to $325 million. The company remains committed to expanding its offerings and maintaining its position as a trusted provider of childcare solutions for families across the nation.