Bright Horizons Family Solutions Projects Annual Revenue of $3.07B Following Q3 Growth
Bright Horizons Family Solutions (BFAM) reported a strong third quarter, characterized by a 5% increase in revenue to $841 million and a 15% rise in adjusted earnings per share (EPS) to $1.80. CEO Stephen Kramer attributed the performance to solid operational execution during the period. Looking ahead, the company provided full-year guidance projecting annual revenue of approximately $3.07 billion and an adjusted EPS range between $4.98 and $5.03. Despite the positive financial momentum, the company is navigating external complexities, including a safeguarding notice in the U.K. and an ongoing strategic review of its operations in Australia.
Tickers: $BFAM