Bright Horizons sees double-digit growth in second quarter
Select language to see a machine translation of this article. The original language of the Article is English and the translation is provided for your convenience.

Bright Horizons sees double-digit growth in second quarter

At the beginning of August, Bright Horizons Family Solutions posted quarterly earnings that should certainly “brighten up” investors’ moods. The company, which describes itself as “a leading provider of high-quality child care, early education and other services designed to help employers and families better address the challenges of work and family life,” logged double-digit increases across a range of metrics.

Bright Horizons’ share price has risen by 16% so far this year

graph 1008 bright horizons

SOURCE: Yahoo Finance

For the quarter, Bright Horizons said that revenue rose by 10% against the second quarter of 2017 to $490 million, while income from operations increased by 14% year on year to $65 million. Net income rose by 22% over the same period to $40 million, and diluted earnings per share soared by 26% to $0.68.

By the end of the period (June 30), the company says it had 1,065 child care and early education centers, with the ability to serve as many as 118,000 children and their families.

In a press release, the company’s CEO, Stephen Kramer, made the following comment: “We are pleased to report strong financial results for the second quarter of 2018. As we continue to provide our employer clients and the working families that we serve with the high quality, critical supports they need to maximize their productivity, our results continue to reflect positive momentum across our entire suite of solutions. These results are powered by our people and our culture,” Kramer continued. “I am proud that we continue to make important investments in our people, most recently by adding the Bright Horizons Early Education Degree Achievement Plan - a market-leading program for early childhood educators to earn their college degree with no financial barriers.”


Dominion holds Bright Horizons Family Solutions in its Global Trends Luxury Fund.

If you would you like to receive the Newsfeeds daily, please click here to sign up now!

Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
0.0/5 rating (0 votes)

The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.