NYSE$BFAM

Bright Horizons Family Solutions · Q1 2022 earnings

Q1 2022 earnings · · Investor relations

Briefing

Reported financial results for the first quarter of 2022 and revised financial guidance for 2022.

Bright Horizons Family Solutions reported a revenue increase of 18% to $460 million in Q1 2022 compared to Q1 2021. Net income increased by 172% to $19 million, and diluted earnings per common share increased by 175% to $0.33.

  • Revenue of $460 million, an increase of 18%.
  • Income from operations of $31 million, an increase of 127%.
  • Net income of $19 million and diluted earnings per common share of $0.33, increases of 172% and 175%, respectively.
  • Adjusted EBITDA of $63 million, an increase of 36%.

Headline financials

Total Revenue

$460M

Previous: $391M+17.8%
EPS (adj)

$0.47

Previous: $0.23+104.3%
Operating Margin

6.8%

No prior period
Gross Margin

23.9%

No prior period
Capital Expenditures

-$11.6M

Previous: -$17.9M+35.3%
Free Cash Flow

$7.81M

Previous: -$10.8M+172.5%
Net Income

$19.4M

Previous: $7.13M+172.1%
Operating Income

$31.2M

Previous: $13.7M+127.3%
Gross Profit

$110M

Previous: $81.4M+35.3%
Cash & Equivalents

$257M

Previous: $442M-41.8%
Total Assets

$3.59B

Previous: $3.79B-5.2%
Stock-Based Comp

$6.1M

Previous: $5.31M+14.9%

Revenue & EPS history

Bright Horizons · Revenue · Quarterly

$460M

Q1 2022+17.8%vs Q1 2021
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Bright Horizons · $460M total across 3 segments · Q1 2022

  • Full Service Center-Based Child Care
    $354M+21.9%
  • Back-Up Care
    $80.8M+5.9%
  • Educational Advisory Services
    $25.6M+6.1%

Forward guidance

The company expects fiscal year 2022 revenue to be in the range of $2.0 billion to $2.1 billion, and diluted adjusted earnings per common share in the range of $3.05 to $3.25.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2022

Historical avgQ1 2022

-0.2%

Avg return

Earnings day

-0.5%

Avg return

5 days after

+1.1%

Avg return

30 days after

46%

25 / 54 earnings

Positive

+12.4%

Q2 2024

Best reaction

-18.2%

Q4 2025

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026+0.9%-16.1%-23.8%
Q4 2025-18.2%-13.4%-6.8%
Q3 2025+12.3%+8.6%+11.4%
Q1 2025-4.2%-3.8%-0.7%
Q4 2024+8.4%+9.5%+6.5%
Q3 2024-13.2%-13.0%-11.1%
Q2 2024+12.4%+10.4%+17.0%
Q1 2024+7.2%+10.2%+1.3%
Q4 2023+6.4%+11.5%+15.3%
Q3 2023+9.5%+14.7%+21.1%
Q2 2023-2.8%-4.6%-2.7%
Q1 2023+5.7%+17.2%+9.2%
Q4 2022+3.9%+2.7%+1.4%
Q3 2022+1.1%+0.2%+14.6%
Q2 2022-12.1%-16.3%-28.3%
Q1 2022-10.1%-23.1%-19.3%
Q4 2021-3.2%-1.3%+3.2%
Q3 2021-12.4%-12.4%-28.5%
Q2 2021-1.0%-1.4%-1.6%
Q1 2021-5.9%-4.8%-1.4%
Q4 2020-9.2%-8.6%-7.9%
Q3 2020-2.2%+5.8%+5.1%
Q2 2020+10.8%+7.9%+22.2%
Q1 2020-7.0%-6.7%+12.5%
Q4 2019+0.2%+0.1%-27.4%
Q3 2019+1.0%-2.8%+2.3%
Q2 2019-1.7%-0.8%+8.5%
Q1 2019+0.6%+1.3%+5.7%
Q4 2018+2.6%+2.7%+6.1%
Q3 2018+0.9%+1.2%+5.9%
Q2 2018+2.5%+1.5%+10.9%
Q1 2018-1.0%+2.2%+5.6%
Q4 2017-0.4%+1.3%+6.8%
Q3 2017+2.8%+3.7%+3.1%
Q2 2017-0.7%-0.4%+1.2%
Q1 2017+4.7%+6.4%+2.5%
Q4 2016-3.3%-3.8%-1.9%
Q3 2016-6.2%-5.7%+1.1%
Q2 2016-2.5%+0.5%+4.5%
Q1 2016-0.3%
Q4 2015-3.4%
Q3 2015+4.1%
Q2 2015+5.0%
Q1 2015+6.3%
Q4 2014+1.6%
Q3 2014-1.3%
Q2 2014-2.2%
Q1 2014+0.4%
Q4 2013-0.9%
Q3 2013-0.3%
Q2 2012-1.1%
Q2 2013-0.5%
Q1 2013-2.2%
Q4 2012+8.1%
Q3 2012
Q1 2012

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