NYSE$BFAM
Bright Horizons Family Solutions · Q2 2021 earnings
Q2 2021 earnings · · Investor relations
Briefing
Bright Horizons' financial performance improved in the second quarter of 2021, with revenue and income from operations increasing significantly compared to the same period in 2020.
Bright Horizons reported a 50% increase in revenue to $441 million and a 319% increase in income from operations to $34 million in the second quarter of 2021. The company's recovery from the pandemic is on track, with enrollment and back-up usage returning.
- Revenue increased by 50% to $441 million.
- Income from operations increased by 319% to $34 million.
- Net income increased to $19 million, with diluted earnings per share of $0.31.
- Adjusted EBITDA increased by 13% to $68 million.
Headline financials
Revenue & EPS history
Bright Horizons · Revenue · Quarterly
$441M
Revenue by segment
Bright Horizons · $441M total across 3 segments · Q2 2021
- Full Service Center-Based Child Care$334M+143.6%75.8%
- Back-Up Care$81.5M-40.0%18.5%
- Educational Advisory Services$25.6M+24.3%5.8%
Forward guidance
Bright Horizons remains focused on ramping up its centers and re-opening temporarily closed centers throughout 2021, but is not providing full earnings guidance due to the unpredictable effects of COVID-19.
Tailwinds
- Focused on ramping up centers
- Phased re-opening of temporarily closed centers
- Confident in business model
- Strong client partnerships
- Strong balance sheet and liquidity position
Headwinds
- COVID-19 pandemic has substantially disrupted global operations
- Broad effects of COVID-19 cannot be predicted
- Duration of COVID-19 disruptions cannot be predicted
- Scope of ongoing and related disruptions cannot be predicted
- Negative financial impact to results and future financial performance cannot be reasonably estimated
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 Q2 2021
-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
| Quarter | Report date | Reaction (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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