Earnings ·
Reports Q3 loss of $4.76 per share on $290M impairment; appoints Seth Siegel to Board
BFAMBright Horizons Family Solutions Inc.
Bright Horizons Family Solutions reported a third-quarter net loss of $231 million, or $4.76 diluted loss per share, driven by a $290 million goodwill impairment in its international full-service operations and higher interest expense. Revenue rose 5% to $841.5 million, supported by 13% growth in back-up care, while adjusted EBITDA increased 5% to $163.3 million. The company revised its full-year 2026 diluted adjusted EPS guidance to a range of $4.98 to $5.03. Separately, the Board appointed Seth Siegel, former CEO of Grant Thornton, to fill the vacancy created by Mary Ann Tocio’s retirement effective December 1, 2026. Bright Horizons is a leading provider of early education, child care, and workforce solutions.