Quarterly ResultMay 7, 2026, 04:24 PM
Bright Horizons Q1 Revenue +7%; Net Income, EPS Decline; $224.8M Buyback
AI Summary
Bright Horizons Family Solutions reported mixed financial results for the first quarter ended March 31, 2026. The company saw a 7.0% increase in revenue to $712.2 million, driven by growth across its segments. However, net income declined by 10.4% to $34.1 million, and diluted earnings per share fell by 6.1% to $0.62. The company also authorized a new $600 million share repurchase program and executed $224.8 million in buybacks during the quarter.
Key Highlights
- Bright Horizons reported Q1 2026 revenue of $712.2 million, a 7.0% increase from $665.5 million in Q1 2025.
- Net income for Q1 2026 decreased by 10.4% to $34.1 million, down from $38.0 million in Q1 2025.
- Diluted EPS for Q1 2026 was $0.62, a 6.1% decrease compared to $0.66 in Q1 2025.
- Net cash provided by operating activities increased by 25.0% to $107.7 million in Q1 2026.
- The company repurchased approximately 2.9 million shares for $224.8 million during Q1 2026.
- A new share repurchase program of up to $600 million was authorized, replacing the prior $500 million program.
- North America revenue was $490.0 million, while Outside North America revenue was $222.2 million in Q1 2026.
- Long-term debt increased to $897.7 million as of March 31, 2026, from $747.6 million at December 31, 2025.