Bright Horizons Family Solutions (BFAM) Tops Q1 EPS by 3c
Bright Horizons Family Solutions (NYSE: BFAM) reported Q1 EPS of $0.43, $0.03 better than the analyst estimate of $0.40. Revenue for the quarter came in at $350 million versus the consensus estimate of $353.02 million.
As described below, the Company is updating certain targets regarding its 2015 expectations.
- Overall revenue growth in 2015 in the range of 7-10%
- Adjusted EBITDA growth in 2015 in the range of 14-16%
- Adjusted net income growth in 2015 in the range of 13-15%
- Diluted adjusted earnings per common share growth in the range of 20-22%
- Diluted weighted average shares of approximately 64 million shares
"We are very pleased with the strong start to 2015, as we continue to execute our plan to grow across all of our business segments by delivering high quality care, education and service to those that we serve," said David Lissy, Chief Executive Officer. "Our solid financial performance across our broad suite of solutions reflects the investments we continue to make to strengthen our position as the leader in our field."
"I am particularly pleased that Bright Horizons was recognized by Fortune Magazine as one of the'100 Best Companies to Work For in America'. It is a credit to the dedicated professionals throughout our organization that we have maintained this recognition for 16 years, and we are proud to be on the list alongside so many of the employer sponsors we serve across the country. Our common goals to support the success of working families and to deliver solutions that enable employees to be highly engaged at work enable us to be trusted advisors to some of the world's largest and most influential employers," Lissy said.
For earnings history and earnings-related data on Bright Horizons Family Solutions (BFAM) click here.