Bright Horizons Family Solutions Reports Record-Breaking Earnings and Revenue
May 3, 2023
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The company reported Non-GAAP earnings per share (EPS) of $0.49, a full $0.10 higher than analysts had predicted and a record-high for the company. Revenue also surpassed estimates to reach $553.6 million, an impressive $22.19 million more than expected. The stellar results released by Bright Horizons Family ($NYSE:BFAM) Solutions show that their efforts have been successful as they continue to grow their business and offer essential services to employers and families around the world. It appears that their innovative approach is setting the company up for a very successful future.
Earnings
BRIGHT HORIZONS FAMILY SOLUTIONS reported record-breaking earnings and revenue in its earning report of FY2022 Q4 ending December 31 2022. The total revenue was 529.52M USD, earning 18.04M USD in net income. This marks a 14.5% increase in total revenue and a 2.0% increase in net income compared to the previous year.
In the past three years, BRIGHT HORIZONS FAMILY SOLUTIONS’s total revenue has increased from 377.08M USD to 529.52M USD. This impressive performance highlights the company’s dedication to delivering innovative and high-quality family solutions to its customers.
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for BFAM. More…
| Total Revenues | Net Income | Net Margin |
| 2.02k | 80.3 | 4.2% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for BFAM. More…
| Operations | Investing | Financing |
| 188.47 | -278.05 | -121.34 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for BFAM. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 3.8k | 2.72k | 18.78 |
Key Ratios Snapshot
Some of the financial key ratios for BFAM are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| -0.7% | -16.2% | 7.5% |
| FCF Margin | ROE | ROA |
| 5.8% | 9.1% | 2.5% |
Market Price
Stock opened at $77.2, but closed at $74.1, representing a 4.3% decrease from its prior closing price of 77.4. This is the first time in its history that Bright Horizons Family Solutions has recorded such high earnings and revenue. The company is expecting to continue this trend through the rest of the year. The company’s new initiative, BrightSpace, has been a major contributor to their success.
Additionally, the company’s commitment to providing quality care for children and families has earned them recognition and support from the industry. Bright Horizons Family Solutions is committed to continuing to deliver quality services and innovative solutions to families around the world. With the success of their financial performance, the company is looking ahead to a successful future. Live Quote…
Analysis
At GoodWhale, we take a closer look at the financials of BRIGHT HORIZONS FAMILY SOLUTIONS and provide you with real-time insights into the company’s financial performance. Our Risk Rating indicates that BRIGHT HORIZONS FAMILY SOLUTIONS is a medium risk investment in terms of financial and business aspects. We have also uncovered two risk warnings in the balance sheet, that are non-financial in nature. For further information on these warnings, simply register an account with GoodWhale and get access to our comprehensive risk analysis. With GoodWhale, you can be sure to make smart investments with complete peace of mind. More…
Peers
The company operates in the United States, Canada, the United Kingdom, and India. It has a network of more than 1,000 child care centers. The company also offers online learning programs, family support services, and professional development services. The company’s competitors include Mad Paws Holdings Ltd, Rover Group Inc, Mayfield Childcare Ltd.
– Mad Paws Holdings Ltd ($ASX:MPA)
Mad Paws Holdings Ltd is a pet care company that operates in Australia and New Zealand. The company offers a range of services including pet sitting, dog walking, dog daycare, and pet boarding. Mad Paws has a market cap of 39.81M as of 2022 and a ROE of -36.33%.
– Rover Group Inc ($NASDAQ:ROVR)
Rover Group Inc is a publicly traded company that manufactures and sells motor vehicles and related products. The company has a market capitalization of 745.75 million as of 2022 and a return on equity of -12.44%. The company’s products include cars, trucks, buses, and other vehicles.
– Mayfield Childcare Ltd ($ASX:MFD)
Mayfield Childcare Ltd is a publicly traded company that operates in the child care industry. The company has a market capitalization of $63.35 million as of 2022 and a return on equity of 7.15%. Mayfield Childcare Ltd provides child care services to families in the United Kingdom. The company operates a network of child care centers that provide care for children aged 0-5 years old.
Summary
The revenue of $553.6 million was also a beat, with an increase of $22.19 million compared to consensus estimates. Despite strong financial results, the stock price fell on the same day. This could be attributed to investors underestimating the strength of the results and a weaker stock market environment. Although there may be short-term headwinds, a long-term view of the company’s fundamentals should be considered when making an investment decision.
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