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Bright Horizons beats Q4 estimates, issues upbeat 2025 outlook

Published 13/02/2025, 22:52
Bright Horizons beats Q4 estimates, issues upbeat 2025 outlook
BFAM
0.12%

NEWTON, Mass. - Bright Horizons (NYSE:BFAM) Family Solutions Inc. (NYSE: BFAM) reported fourth-quarter results that exceeded analyst expectations and provided an optimistic forecast for 2025, highlighting the company's strong performance in its child care and back-up care segments.

The leading provider of early education and child care services posted adjusted earnings per share of $0.98 for Q4 2024, surpassing the analyst consensus of $0.90. Revenue for the quarter came in at $674 million, slightly above the $672.58 million estimate.

Compared to the same period last year, Q4 revenue increased 10% to $674.1 million from $615.6 million. The company attributed the growth to enrollment gains and tuition price increases at its centers, as well as expanded sales and increased utilization of back-up care services.

"I am pleased to report strong financial results for the fourth quarter," said Stephen Kramer, Chief Executive Officer. "The positive results for the quarter and the full year underscore the power of our diversified client base, unique operating model, the breadth of services we deliver to our clients and customers, and the incredible commitment of our team."

For the full year 2024, Bright Horizons reported revenue of $2.7 billion, up 11% YoY. Adjusted earnings per share for 2024 came in at $3.47, a 22% increase from 2023.

Looking ahead, the company provided an upbeat outlook for fiscal year 2025. Bright Horizons expects revenue to be in the range of $2.85 billion to $2.9 billion and adjusted earnings per share between $3.95 and $4.15. The midpoint of the EPS guidance range is slightly above the current analyst consensus of $3.97.

Kramer added, "As we move into 2025, we remain dedicated to expanding our reach, enhancing the services we offer and delivering the highest-quality care and education to the families and learners we serve."

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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