Bright Horizons Family Solutions Full Year 2024 Earnings: EPS Misses Expectations

Bright Horizons Family Solutions (NYSE:BFAM) Full Year 2024 Results

Key Financial Results

• Revenue: US$2.69b (up 11% from FY 2023).
• Net income: US$140.2m (up 89% from FY 2023).
• Profit margin: 5.2% (up from 3.1% in FY 2023). The increase in margin was driven by higher revenue.
• EPS: US$2.42 (up from US$1.28 in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Bright Horizons Family Solutions EPS Misses Expectations

Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 10.0%.

The primary driver behind last 12 months revenue was the Full Service Center-Based child Care segment contributing a total revenue of US$1.96b (73% of total revenue). Notably, cost of sales worth US$2.07b amounted to 77% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$354.6m (74% of total expenses). Explore how BFAM's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Consumer Services industry in the US.

Performance of the American Consumer Services industry.

The company's shares are up 5.8% from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Bright Horizons Family Solutions.

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