Bright Horizons Family Solutions (BFAM) Tops Q4 EPS by 1c, Offers Guidance

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Bright Horizons Family Solutions Reports Fourth Quarter and Full Year 2022 Financial Results

February 16, 2023 4:23 PM EST

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 fourth quarter and full year of 2022 and provided guidance for 2023.

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

Revenue of $530 million (increase of 15%) Income from operations of $40 million (increase of 12%) Net income of $18 million and diluted earnings per common share of $0.31 (increases of 2% and 7%, respectively)

Non-GAAP... More