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March 07, 2015 12:33 AM 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 three segments: Full-Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services. The Full Service Center-Based 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 consu...

200 Talcott Avenue South

Watertown, MA 02472

United States

Founded in 1986

Phone:

617-673-8000

Key Executives for Bright Horizons Family Solutions, Inc.

Chief Executive Officer and Director
Age: 48
Total Annual Compensation: $563.8K
President, Chief Operating Officer and Director
Age: 66
Total Annual Compensation: $563.8K
Chief Financial Officer
Age: 54
Total Annual Compensation: $339.9K
Chief Administrative Officer and Secretary
Age: 71
Total Annual Compensation: $275.6K
Chief Human Resources Officer
Age: 47
Total Annual Compensation: $296.3K
Compensation as of Fiscal Year 2013.

Bright Horizons Family Solutions, Inc. Key Developments

Bright Horizons Family Solutions, Inc. Announces Consolidated Unaudited Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2014; Provides Earnings Guidance for the Full Year of 2015

Bright Horizons Family Solutions, Inc. announced consolidated unaudited earnings results for the fourth quarter and full year ended December 31, 2014. For the quarter, the company reported revenues of $337,768,000 compared with $319,177,000 for the same period a year ago. Income from operations was $37,328,000 compared with $30,411,000 for the same period a year ago. Income before income taxes was $28,458,000 compared with $21,257,000 for the same period a year ago. Net income attributable to Bright Horizons Family Solutions Inc. was $18,894,000 or $0.28 per diluted share compared with $23,743,000 or $0.35 per diluted share for the same period a year ago. Adjusted EBITDA was $61,013,000 compared with $53,378,000 for the same period a year ago. Adjusted income from operations was $39,478,000 compared with $31,601,000 for the same period a year ago. Adjusted net income was $25,703,000 or $0.39 per diluted share compared with $21,154,000 or $0.32 per diluted share for the same period a year ago. For the full year, the company reported revenues of $1,352,999,000 compared with $1,218,776,000 for the same period a year ago. Income from operations was $146,920,000 compared with $109,034,000 for the same period a year ago. Income before income taxes was $112,314,000 compared with $4,811,000 for the same period a year ago. Net income attributable to Bright Horizons Family Solutions Inc. was $72,035,000 or $1.07 per diluted share compared with $12,623,000 or $0.20 per diluted share for the same period a year ago. Net cash provided by operating activities was $174,297,000 compared with $159,679,000 for the same period a year ago. Purchases of fixed assets was $65,809,000 compared with $69,320,000 for the same period a year ago. Adjusted EBITDA was $238,081,000 compared with $208,541,000 for the same period a year ago. Adjusted income from operations was $149,620,000 compared with $126,850,000 for the same period a year ago. Adjusted net income was $97,238,000 or $1.45 per diluted share compared with $78,260,000 or $1.19 per diluted share for the same period a year ago. The company provided earnings guidance for the full year of 2015. The company expects overall revenue growth in 2015 in the range of 7-10%. The combination of top line growth and operating margin leverage lead its to project adjusted EBITDA to increase to a range of $270 million to $275 million for 2015 and adjusted net income to be in the range of $108 million to $111 million. The company estimates that adjusted EPS will increase to a range of $1.71 to $1.75 in 2015. The company projects it will generate approximately $180 million to $190 million of cash flow from operations or $145 million to $155 million of free cash flow net of the projected maintenance capital spending of $30 million to $35 million. Based on the centers in development, and slated to open in 2015 or early 2016, the company expects to invest approximately $50 million to $55 million in new center capital, and it would expect to fund all of these investments from operating cash and to end the year with a range of $140 million to $150 million in cash on hand. The company estimates that the effective tax rate will approximate 37% of adjusted pretax income in 2015.

Bright Horizons Family Solutions, Inc. Presents at Baird Business Solutions Conference, Feb-24-2015 11:30 AM

Bright Horizons Family Solutions, Inc. Presents at Baird Business Solutions Conference, Feb-24-2015 11:30 AM. Venue: The Pierre Hotel, 2 East 61st Street, New York, New York, United States.

Bright Horizons Family Solutions, Inc. to Report Q4, 2014 Results on Feb 12, 2015

Bright Horizons Family Solutions, Inc. announced that they will report Q4, 2014 results at 5:00 PM, US Eastern Standard Time on Feb 12, 2015

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