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NEWTON, Mass. - Bright Horizons Family Solutions Inc. (NYSE:BFAM) reported first quarter earnings that exceeded analyst expectations and raised its full-year guidance, as the child care provider saw continued growth across its service portfolio. Shares edged higher in after hours trading Monday and were up 0.68%.
The company reported adjusted earnings per share of $0.77 for Q1 2025, beating the analyst consensus estimate of $0.64. Revenue came in at $666 million, slightly above expectations of $665.42 million and up 7% YoY.
"We are pleased with our solid start to the year," said CEO Stephen Kramer. "Our first quarter results reflect continued growth across our service portfolio, including 7% revenue and more than 50% adjusted EPS growth."
Bright Horizons saw enrollment gains and tuition increases at its centers, as well as increased utilization of back-up care and educational advisory services. The company operated 1,023 early education and child care centers as of March 31, with capacity to serve approximately 115,000 children.
For the full year 2025, Bright Horizons now expects revenue between $2.865 billion and $2.915 billion, up from its previous outlook. It also raised its adjusted EPS guidance to a range of $3.95 to $4.15, above the consensus estimate of $4.06.
The company said it remains focused on "delivering high-quality education and care while deepening our impact across the clients and communities we serve" in an environment of macroeconomic uncertainty.
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