June 25, 2018 1:58 PM ET

Diversified Consumer Services

Company Overview of Bright Horizons Family Solutions Inc.

Company Overview

Bright Horizons Family Solutions Inc. provides child care and early education, back-up dependent care, and educational advisory services for employers and families. The company operates through three segments: Full Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services. 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 child care, and adult/elder care services. The Other Educational Advisory Services segment offers tuition reimbursement program management and rel...

200 Talcott Avenue South

Watertown, MA 02472

United States

Founded in 1986

31,600 Employees

Phone:

617-673-8000

Fax:

617-673-8001

Key Executives for Bright Horizons Family Solutions Inc.

Bright Horizons Family Solutions Inc. does not have any Key Executives recorded.

Bright Horizons Family Solutions Inc. Key Developments

Bright Horizons Family Solutions Inc. Presents at Barclays Americas Select Conference 2018, May-16-2018 09:30 AM

Bright Horizons Family Solutions Inc. Presents at Barclays Americas Select Conference 2018, May-16-2018 09:30 AM. Venue: The Langham Hotel, Lodnon, Greater London, United Kingdom. Speakers: Stephen Howard Kramer, CEO, President & Director.

Bright Horizons Family Solutions Inc. Presents at Business Services C-Suite Conference, May-10-2018

Bright Horizons Family Solutions Inc. Presents at Business Services C-Suite Conference, May-10-2018 . Venue: The Langham Hotel, 250 Franklin Street, Boston, Massachusetts, United States.

Bright Horizons Family Solutions, Inc. Reports Unaudited Consolidated Earnings Results for the First Quarter Ended March 31, 2018; Provides Earnings Guidance for the Second Quarter Ending June 30, 2018 and Year Ending December 31, 2018

Bright Horizons Family Solutions Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2018. For the quarter, the company's revenue was $463,657,000 against $422,164,000 a year ago. Income from operations was $55,284,000 against $51,404,000 a year ago, increase due to increases in revenue and gross profit, partially offset by increases in selling, general and administrative expenses. Income before income taxes was $43,781,000 against $40,630,000 a year ago. Net income was $37,298,000 or $0.62 per diluted share against $41,374,000 or $0.68 per diluted share a year ago. Net cash provided by operating activities was $105,750,000 against $106,673,000 a year ago. Purchases of fixed assets, net were $12,767,000 against $19,894,000 a year ago. Adjusted income from operations was $55,612,000 against $51,404,000 a year ago. EBITDA was $79,967,000 against $74,818,000 a year ago. Adjusted EBITDA was $83,194,000 against $78,348,000 a year ago. Adjusted income before tax was $55,048,000 against $50,391,000 a year ago. Adjusted net income was $42,580,000 or $0.72 per diluted share against $36,904,000 or $0.61 per diluted share a year ago. For the second quarter ending June 30, 2018, the company expects net income of $40,000,000 to $41,000,000, income before tax of $52,100,000 to $53,400,000, adjusted income before income tax of $64,050,000 to $65,800,000, adjusted net income attributable to common stockholders of $49,500,000 to $50,900,000, diluted earnings per common share of $0.68 to $0.69 and diluted adjusted earnings per common share of $0.84 to $0.86, income before income tax per share of $0.89 to $0.90. For the full year ending December 31, 2018, the company expects net income of $150,000,000 to $152,000,000, income before tax of $190,200,000 to $192,900,000, adjusted income before income tax of $236,850,000 to $240,550,000, adjusted net income attributable to common stockholders of $183,250,000 to $185,950,000, diluted earnings per common share of $2.53 to $2.56 and diluted adjusted earnings per common share of $3.12 to $3.16, income before income tax per share of $3.23 to $3.27. The company estimate amortization in the range of $32 million to $33 million, depreciation of around $70 million. The company expects to generate approximately $220 million to $230 million of free cash flow with $260 million to $270 million of cash flow from operations offset by a $45 million or so of estimated maintenance capital spending. The company also projecting to invest $45 million to $50 million in new center capital for centers that are opening this year and in early 2019.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
June 12, 2018
--
Merger/Acquisition
August 8, 2017
Bright Horizons Family Solutions Inc., Three Childcare Services in Dublin
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