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NEW YORK - KinderCare Learning Companies, Inc. (NYSE:KLC) reported better-than-expected fourth quarter results on Thursday, as the early childhood education provider saw revenue growth and improved profitability. KinderCare shares rose 1.7% in after-hours trading following the earnings release.
The Lake Oswego, Oregon-based company posted adjusted earnings per share of $0.09, surpassing analyst estimates of $0.05. Revenue for the quarter came in at $647 million, slightly above the consensus forecast of $645.42 million and up 4.7% YoY.
"KinderCare ended 2024 with a strong fourth quarter, highlighted by revenue growth of 4.7% and the successful completion of our IPO in October," said Paul Thompson, KinderCare’s Chief Executive Officer.
For the full fiscal year 2024, KinderCare reported revenue of $2.66 billion and adjusted EBITDA of $298.1 million.
Looking ahead, the company provided fiscal 2025 guidance, projecting revenue between $2.75 billion and $2.85 billion and adjusted earnings per share in the range of $0.75 to $0.85.
The company noted that its fourth quarter revenue growth was driven by higher tuition rates and increased enrollment across its early childhood education centers and before- and after-school programs.
As of December 28, 2024, KinderCare operated 1,574 early childhood education centers and 1,025 before- and after-school sites across the United States.
"Childcare is a critical component of every family’s effort to balance work and life schedules, and we are proud to be one of the largest and most trusted providers to families across the country," Thompson added.
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