Sector: Consumer Non-Cyclicals | Industry: Personal Services |
See Regulatory Filings on SEC |
Company Contact | |
Address: | 2 Wells Avenue NEWTON MA 02459 |
Tel: | N/A |
Website: | https://investors.brighthorizons.com |
IR: | See website |
Key People | ||
Stephen H. Kramer President, Chief Executive Officer, Director | Elizabeth J. Boland Chief Financial Officer | John G. Casagrande General Counsel, Secretary |
Rosamund Marshall Managing Director, International | Mandy L. Berman Chief Operating Officer - Back-up Care and Emerging Care Services | Mary Lou Burke Afonso Chief Operating Officer, North America Center Operations |
Business Overview |
Bright Horizons Family Solutions Inc. provides early education and childcare, family care solutions, and workforce education services designed to support working families and client employees across life and career stages. The Company's segments include full service center-based child care, back-up care and educational advisory and other services. Its full service center-based child care segment includes the traditional center-based early education and child care, preschool, and elementary education. The Company's back-up care segment consists of center-based back-up child care, in-home care for children and adult/elder dependents, school-age camps, tutoring, pet care, self-sourced reimbursed care, and Sittercity, which is an online marketplace for families and caregivers. Its educational advisory and other services segment consists of tuition assistance and student loan repayment program management, workforce education, related educational advising and college advisory services. |
Financial Overview |
For the fiscal year ended 31 December 2023, Bright Horizons Family Solutions Inc revenues increased 20% to $2.42B. Net income applicable to common stockholders decreased 8% to $74M. Revenues reflect Full Service Center-based Care segment increase of 19% to $1.78B, Back-up Care segment increase of 26% to $516.4M, Educational Advisory Services segment increase of 3% to $121.2M, North America segment increase of 17% to $1.76B. |
Employees: | 31,400 as of Dec 31, 2023 |
Reporting Currency: | U.S. Dollars |
Enterprise value: | $7,409M as of Dec 31, 2023 |
Annual revenue (TTM): | $2,418M as of Dec 31, 2023 |
EBITDA (TTM): | $329.32M as of Dec 31, 2023 |
Net annual income (TTM): | $74.05M as of Dec 31, 2023 |
Free cash flow (TTM): | $165.12M as of Dec 31, 2023 |
Net Debt Last Fiscal Year: | $869.19M as of Dec 31, 2023 |
Shares outstanding: | 57,963,805 as of Feb 14, 2024 |
TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization |