January 16, 2017 12:29 PM ET

Diversified Consumer Services

Company Overview of Bright Horizons Family Solutions Inc.

Company Overview

Bright Horizons Family Solutions Inc. provides child care, early education, and other services for employers and families. It operates through Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services segments. The Full Service Center-Based Child Care segment offers traditional center-based child care, preschool, and elementary education services. The Back-Up Dependent Care segment provides center-based back-up child care, in-home care, mildly-ill care, and adult/elder care services. The Other Educational Advisory Services segment offers college preparation and admissions counseling, tuition reimbursement program administration, and related consult...

200 Talcott Avenue South

Watertown, MA 02472

United States

Founded in 1986

26,000 Employees

Phone:

617-673-8000

Fax:

617-673-8001

Key Executives for Bright Horizons Family Solutions Inc.

Chief Executive Officer and Director
Age: 50
Total Annual Compensation: $626.2K
President
Age: 45
Total Annual Compensation: $424.9K
Chief Financial Officer
Age: 56
Total Annual Compensation: $417.8K
Chief Culture Officer
Age: 49
Total Annual Compensation: $354.1K
Executive Vice President and Secretary
Age: 73
Total Annual Compensation: $292.4K
Compensation as of Fiscal Year 2015.

Bright Horizons Family Solutions Inc. Key Developments

Bright Horizons Family Solutions, Inc. Presents at 25th Annual Baron Investment Conference, Nov-04-2016

Bright Horizons Family Solutions, Inc. Presents at 25th Annual Baron Investment Conference, Nov-04-2016 . Venue: Metropolitan Opera House at Lincoln Center, New York City, New York, United States. Speakers: David H. Lissy, Chief Executive Officer and Director.

Bright Horizons Family Solutions, Inc. Reports Unaudited Consolidated Earnings Results for the Quarter Ended September 30, 2016; Provides Earnings Guidance for the Full Year 2016

Bright Horizons Family Solutions, Inc. reported unaudited consolidated earnings results for the quarter ended September 30, 2016. For the quarter, the company reported revenue of $383,929,000 against $365,944,000 a year ago. Income from operations was $44,715,000 against $41,741,000 a year ago. Income before income taxes was $34,213,000 against $31,411,000 a year ago. Net income was $22,510,000 against $20,558,000 a year ago. Earnings per diluted share were $0.37 against $0.33 a year ago. EBITDA was $65,714,000 against $61,614,000 a year ago. Adjusted EBITDA was $69,686,000 against $64,729,000 a year ago. Adjusted income before tax was $44,342,000 against $41,100,000 a year ago. Adjusted net income was $29,266,000 against $26,509,000 a year ago. Diluted adjusted earnings per common share were $0.49 against $0.43 a year ago. For the nine months, the company reported revenue of $1,171,304,000 against $1,086,849,000 a year ago. Income from operations was $149,890,000 against $136,720,000 a year ago. Income before income taxes was $118,400,000 against $106,006,000 a year ago. Net income was $77,640,000 against $70,009,000 a year ago. Earnings per diluted share were $1.27 against $1.11 a year ago. Net cash provided by operating activities was $164,953,000 against $142,263,000 a year ago. Purchases of fixed assets, net were $50,466,000 against $61,415,000 a year ago. Adjusted income from operations was $150,658,000 against $137,231,000 a year ago. EBITDA was $211,980,000 against $195,259,000 a year ago. Adjusted EBITDA was $222,838,000 against $204,974,000 a year ago. Adjusted income before tax was $148,982,000 against $134,395,000 a year ago. Adjusted net income was $97,282,000 against $86,685,000 a year ago. Diluted adjusted earnings per common share were $1.60 against $1.38 a year ago. For the full year 2016, the company currently expects: Overall revenue growth in 2016 in the range of approximately 7%; adjusted EBITDA growth in 2016 in the range of 9-10%; adjusted net income growth in 2016 in the range of 12-14%; and diluted adjusted earnings per common share growth in the range of 16-17%. For the full year, the company estimates amortization of $29 million, depreciation of $55 million and interest expense of around $42 million. On a cash flow front, the company estimates that it'll generate approximately $200 million of free cash flow with including top line growth, operating margin performance, the timing of center openings and ramp and the translation impacts of lower FX rates for the U.K. operations, lead to the updated projection that will generate adjusted EBITDA in the range of $297 million to $300 million for 2016 and adjusted net income in the range of $130 million to $131 million. On a per share basis, the company estimates that adjusted EPS will therefore approximate $2.14 to $2.16 for the full year 2016.

Bright Horizons Family Solutions, Inc. to Report Q3, 2016 Results on Nov 01, 2016

Bright Horizons Family Solutions, Inc. announced that they will report Q3, 2016 results at 5:00 PM, Eastern Standard Time on Nov 01, 2016

Similar Private Companies By Industry

Company Name Region
1-800-Dryclean, LLC United States
1-800-PHONESEX United States
125 Max Drycleaning Center LLC United States
180 Skills LLC United States
19Pencils, Inc. United States

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 17, 2016
Fran 'N' Bru Ltd
Buyback
August 3, 2016
--
Merger/Acquisition
July 12, 2016
College Nannies & Tutors, Inc.
 

The information and data displayed in this profile are created and managed by S&P Global Market Intelligence, a division of S&P Global. Bloomberg.com does not create or control the content. For inquiries, please contact S&P Global Market Intelligence directly by clicking here.

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup

Most Searched Private Companies

Company Name Geographic Region
Lawyers Committee for Civil Rights Under Law United States
NYC2012, Inc. United States
Bertelsmann AG Europe
Rush University United States
Bloomberg L.P. United States

Sponsored Financial Commentaries

Sponsored Links

Request Profile Update

Only a company representative may request an update for the company profile. Documentation will be required.

To contact Bright Horizons Family Solutions Inc., please visit www.brighthorizons.com. Company data is provided by S&P Global Market Intelligence. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.