Bright Horizons Q4 beats expectations, plans to close ~30 UK centers [Seeking Alpha]
Bright Horizons Family Solutions Inc. (BFAM)
Last bright horizons family solutions inc. earnings: 2/13 04:21 pm
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US:NASDAQ Investor Relations:
investors.brighthorizons.com/investor-overview
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Source: Seeking Alpha
The results prompted Deutsche Bank and Morgan Stanley to hike their price targets for the childcare company to $110 and $77, respectively. The company earned an adjusted profit of $0.83 per share on sales of $616M. This was an increase of 9% and 16% from a year ago, and beat the consensus estimates by $0.09 and $24M, respectively. “Performance in our Full Service segment was strong, with continued enrollment gains and 15% revenue growth, while our Back-Up Care segment well outpaced our expectations growing revenue 24% year-over-year in the fourth quarter and surpassing $500 million in 2023,” CEO Stephen Kramer said. During the company's earnings call , Kramer indicated that as a result of the unprofitability of its UK centers, the portfolio will be examined to be sure there remains long-term viability and improved momentum. Twelve centers have already been closed with another 20-30 centers set to close over the next 12-18 months. These actions are expected to ease the headwin
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- Mayar Capital - Bright Horizons Family Solutions: Strong 'Post-Pandemic' Profitability Ahead [Seeking Alpha]Seeking Alpha
- Mayar Capital Q1 2024 Letter To Partners [Seeking Alpha]Seeking Alpha
- Bright Horizons Family Solutions Announces Date of First Quarter 2024 Earnings Release and Conference Call [Yahoo! Finance]Yahoo! Finance
BFAM
Earnings
- 2/13/24 - Beat
BFAM
Sec Filings
- 4/25/24 - Form ARS
- 4/25/24 - Form DEFA14A
- 4/25/24 - Form DEF
- BFAM's page on the SEC website