Quarterly ResultMay 5, 2026, 04:22 PM
Bright Horizons Q1 Revenue +7% to $712M; Adj. EPS $0.82
AI Summary
Bright Horizons Family Solutions Inc. reported a 7% increase in first-quarter 2026 revenue to $712 million, driven by growth in both Full-Service and Back-Up Care segments. While GAAP net income and diluted EPS saw decreases due to higher tax and interest expenses, adjusted EBITDA and adjusted diluted EPS increased. The company also reaffirmed its financial guidance for the full year 2026 and repurchased $224.8 million in shares.
Key Highlights
- Q1 2026 revenue increased 7% to $712.2 million from Q1 2025.
- GAAP net income decreased 10% to $34.1 million, with diluted EPS at $0.62 (down 6%).
- Adjusted EBITDA rose 4% to $95.6 million, and diluted adjusted EPS increased 6% to $0.82.
- Back-Up Care segment revenue grew 12%, marking its sixteenth consecutive quarter of double-digit growth.
- Full-Service center-based child care revenue increased 6%.
- Generated $107.7 million in cash from operations, up from $86.2 million in Q1 2025.
- Repurchased 2.9 million shares for $224.8 million during the quarter.
- Reaffirmed 2026 revenue guidance of $3.075 billion to $3.125 billion and diluted adjusted EPS of $4.90 to $5.10.