Recent Updates — BFAM
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.