Bright Horizons Family Solutions (BFAM) Tops Q2 EPS by 1c; Lowers Guidance

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Bright Horizons Family Solutions Reports Second Quarter of 2022 Financial Results

August 2, 2022 4:20 PM EDT

NEWTON, Mass.--(BUSINESS WIRE)-- Bright Horizons Family Solutions® Inc. (NYSE: BFAM), a leading provider of high-quality education and care solutions designed to help employers support employees across life and career stages, today announced financial results for the second quarter of 2022 and revised financial guidance for 2022.

Second Quarter 2022 Highlights (compared to Second Quarter 2021):

Revenue of $490 million (increase of 11%) Income from operations of $48 million (increase of 41%) Net income of $25 million and diluted earnings per common share of $0.42 (increases of 33% and 35%, respectively)

Non-GAAP... More