Bright Horizons Family Solutions Inc (NYSE:BFAM)
$ 116.52 0.13 (0.11%) Market Cap: 6.76 Bil Enterprise Value: 8.50 Bil PE Ratio: 58.55 PB Ratio: 4.83 GF Score: 84/100
Back to the Transcripts List

Q2 2024 Bright Horizons Family Solutions Inc Earnings Call Transcript

Aug 01, 2024 / 09:00PM GMT
Release Date Price: $118.43 (-1.51%)

Key Points

Positve
  • Revenue increased by 11% to $670 million in Q2 2024.
  • Adjusted EBITDA grew by 25% to $103 million.
  • Adjusted EPS increased by 38% to $0.88 per share.
  • Full-service childcare segment saw a revenue increase of 11% to $507 million.
  • Back-up care segment delivered strong performance with a 15% revenue growth to $136 million.
Negative
  • Closed 19 centers in Q2 2024, indicating potential operational challenges.
  • UK full-service business continues to be a headwind to overall profitability.
  • Interest expense increased to $12 million due to higher net rates on outstanding debt.
  • Educational advisory segment's growth remains challenging with only a 2.5% increase in revenue.
  • Full-service segment's occupancy levels are still in the mid-60s, indicating room for improvement.
Operator

Greetings and welcome to Bright Horizons Family Solutions second quarter 2024 earnings conference call. (Operator Instructions) As a reminder, this conference is being recorded and it is now my pleasure to introduce your host, Mr. Michael Flanagan, Vice President, Investor Relations. Thank you, Mr. Flanagan, you may begin.

Michael Flanagan
Bright Horizons Family Solutions Inc - Senior Director - Investor Relations

Thank you, Ranju, and welcome to Bright Horizons' second quarter earnings call. Before we begin, please note that today's call is being webcast and a recording will be available under the Investor Relations section of our website, Brighthorizons.com. As a reminder to participants, any forward-looking statements made on this call, including those regarding future business, financial performance, and outlook are subject to the Safe Harbor statement included in our earnings release.

Forward-looking statements inherently involve risks and uncertainties that may cause actual operating and financial results to differ materially and should be

Already have an account? Log in
Get the full story
Start 7-Day Free Trial
Access to All Earning Calls and Stock Analysis
30-Year Financial on one screen
All-in-one Stock Screener with unlimited filters
Customizable Stock Dashboard
Real Time Insider Trading Transactions
8,000+ Institutional investors’ 13F holdings
Powerful Excel Add-in and Google sheets Add-on
All data downloadable
Quick customer support
And much more...
30-Day 100% money back guarantee
You are not charged until the trial ends. Subscription fee may be tax deductible.
Excellent
4.6 out of 5 Trustpilot
Research Tools
All-In-One Screener Stock Ideas Stock List Guru List Guru Real-Time Picks Insider List Insider Trades Economic Indicators Sector & Industry Performance DCF Calculator Discussion Board
Product
Pricing Plans Excel Add-In Google Sheets Add-on Data API Stock Comparison Table Manual of Stocks Instant Alerts Mobile App 中文
Education
Financial Glossary Tutorials FAQ Schedule Free Session Buffett Indicator Shiller P/E Yield Curve Today U.S. Inflation Rate Global Market Valuation Fed Net Liquidity Buffett Assets Allocation
Company
About GuruFocus Career Contact Us Advertise Site Map Term of Use Privacy Policy Referral Program Partner Program
Survey

We'd love to learn more about your experiences on GuruFocus.com and how we can improve!

Take Survey
Follow Us
download GuruFocus on Apple store download GuruFocus on Google Play
Disclaimers
GuruFocus.com is not operated by a broker or a dealer. Under no circumstances does any information posted on GuruFocus.com represent a recommendation to buy or sell a security. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The individuals or entities selected as "gurus" may buy and sell securities before and after any particular article and report and information herein is published, with respect to the securities discussed in any article and report posted herein. Gurus may be added or dropped from the GuruFocus site at any time. In no event shall GuruFocus.com be liable to any member, guest or third party for any damages of any kind arising out of the use of any content or other material published or available on GuruFocus.com, or relating to the use of, or inability to use, GuruFocus.com or any content, including, without limitation, any investment losses, lost profits, lost opportunity, special, incidental, indirect, consequential or punitive damages. Past performance is a poor indicator of future performance. The information on this site, and in its related newsletters, is not intended to be, nor does it constitute investment advice or recommendations. The information on this site is in no way guaranteed for completeness, accuracy or in any other way. The gurus listed in this website are not affiliated with GuruFocus.com, LLC. Stock quotes are provided by QuoteMedia, Inc. (CSI). Company fundamental data is provided by Morningstar. Analyst estimates data is sourced from both Refinitiv and Morningstar, with priority given to Refinitiv data. Data is updated daily.
© 2004-2024 GuruFocus.com, LLC. All Rights Reserved.