Recent Updates — BFAM

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.

Bright Horizons Family Solutions Inc. reported financial results for the second quarter ended June 30, 2026, alongside updated guidance for the full year. Revenue increased 7% to $779 million, while net income decreased 26% to $41 million and diluted EPS fell 17% to $0.79 due to $19.1 million in impairment losses from center closures and higher interest expense. Adjusted metrics showed stronger performance, with adjusted EBITDA rising 13% to $131 million and adjusted diluted EPS increasing 20% to $1.28. The company also announced a significant increase in share repurchases, buying back approximately 6.6 million shares for $473.2 million in the first half of the year, compared to just 0.5 million shares previously. Additionally, Bright Horizons amended its credit facilities on June 1, 2026, issuing a $375 million term loan and increasing revolving capacity to $1.0 billion. The company operates in the early education, child care, and workforce support services industry.