NYSE$BFAM

Bright Horizons Family Solutions · Q2 2022 earnings

Q2 2022 earnings · · Investor relations

Briefing

Bright Horizons reported an 11% increase in revenue and a 33% increase in net income, driven by enrollment gains and back-up care services.

Bright Horizons Family Solutions reported strong second-quarter results with an 11% increase in revenue and a 45% increase in adjusted EPS. Enrollment gains and expanded back-up care services contributed to the growth. The company also completed the acquisition of Only About Children on July 1st.

  • Revenue increased by 11% to $490 million.
  • Income from operations increased by 41% to $48 million.
  • Net income increased by 33% to $25 million, with diluted earnings per share of $0.42.
  • Adjusted EBITDA increased by 22% to $83 million.
  • Completed the acquisition of Only About Children on July 1st

Headline financials

Total Revenue

$490M

Previous: $441M+11.1%
EPS (adj)

$0.71

Previous: $0.49+44.9%
Capital Expenditures

-$26.2M

Previous: -$34M+22.9%
Free Cash Flow

-$1.24M

Previous: -$15.1M+91.8%
Net Income

$24.9M

Previous: $18.8M+32.6%
Operating Income

$47.8M

Previous: $34M+40.6%
Gross Profit

$129M

Previous: $106M+21.3%
Cash & Equivalents

$270M

Previous: $419M-35.4%
Total Assets

$3.53B

Previous: $3.74B-5.8%
Stock-Based Comp

$7.67M

Previous: $5.83M+31.6%

Revenue & EPS history

Bright Horizons · Revenue · Quarterly

$490M

Q2 2022+11.1%vs Q2 2021
Beat estimate in 11 of 15 quarters(73%)
ActualEstimate

Revenue by segment

Bright Horizons · $490M total across 3 segments · Q2 2022

  • Full Service Center-Based Child Care
    $371M+11.0%
  • Back-Up Care
    $91.7M+12.6%
  • Educational Advisory Services
    $27.3M+6.8%

Forward guidance

Bright Horizons revised its 2022 guidance, expecting revenue to be approximately $2.0 billion, including contributions from Only About Children, and diluted adjusted earnings per common share in the range of $2.60 to $2.75.

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 2022

Historical avgQ2 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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