Strong Financial Performance
Revenue increased 9% to $732 million, and adjusted EPS grew 22% to $1.07, both ahead of expectations.
Enrollment and Occupancy Growth
In the full service segment, revenue grew 7% to $540 million, with enrollment increasing at a low single-digit rate, and average occupancy stepping up to the high 60% range.
Back-up Care Expansion
Back-up care revenue grew 19% to $163 million, with strong client engagement and new client acquisition, including McKesson.
U.K. Operational Improvements
Continued growth in enrollment and margins in the U.K., with an ambition to reach breakeven by the end of the year.
Increased Revenue Guidance
Full year 2025 revenue guidance increased to a range of $2.9 billion to $2.92 billion, or 8% to 9% growth.