Last $43.28 USD
Change Today +0.58 / 1.36%
Volume 66.2K
BFAM On Other Exchanges
Symbol
Exchange
New York
Frankfurt
As of 8:04 PM 10/24/14 All times are local (Market data is delayed by at least 15 minutes).

bright horizons family solut (BFAM) Snapshot

Open
$42.81
Previous Close
$42.70
Day High
$43.43
Day Low
$42.58
52 Week High
06/27/14 - $44.16
52 Week Low
12/13/13 - $32.78
Market Cap
2.9B
Average Volume 10 Days
149.7K
EPS TTM
$1.16
Shares Outstanding
66.0M
EX-Date
--
P/E TM
37.3x
Dividend
--
Dividend Yield
--
Current Stock Chart for BRIGHT HORIZONS FAMILY SOLUT (BFAM)

bright horizons family solut (BFAM) Related Businessweek News

View More BusinessWeek News

bright horizons family solut (BFAM) Details

Bright Horizons Family Solutions Inc. provides child care and early education, and other services for employers and families. It operates through three segments: Full-Service Center-Based Child Care, Back-Up Dependent Care, and Other Educational Advisory Services. The Full Service Center-Based Care segment offers traditional center-based child care, pre-school, and elementary education services. The Back-Up Dependent Care segment provides center-based back-up child care, in-home care, mildly ill care, and adult/elder care services. The Other Education Advisory Services segment offers college preparation and admissions counseling, tuition reimbursement, and counseling and management services. As of December 31, 2013, it operated 880 child care and early education centers in the 42 U.S. states and the District of Columbia, Puerto Rico, the United Kingdom, Canada, Ireland, the Netherlands, and India. The company was formerly known as Bright Horizons Solutions Corp. and changed its name to Bright Horizons Family Solutions Inc. in July 2012. Bright Horizons Family Solutions Inc. was founded in 1986 and is headquartered in Watertown, Massachusetts.

25,000 Employees
Last Reported Date: 03/25/14
Founded in 1986

bright horizons family solut (BFAM) Top Compensated Officers

Chief Executive Officer and Director
Total Annual Compensation: $563.8K
President, Chief Operating Officer and Direct...
Total Annual Compensation: $563.8K
Chief Financial Officer and Principal Account...
Total Annual Compensation: $339.9K
Chief Administrative Officer and Secretary
Total Annual Compensation: $275.6K
Chief Human Resources Officer
Total Annual Compensation: $296.3K
Compensation as of Fiscal Year 2013.

bright horizons family solut (BFAM) Key Developments

Bright Horizons Family Solutions, Inc. Presents at BMO Capital Markets 14th Annual Back to School Education Conference, Sep-18-2014 09:30 AM

Bright Horizons Family Solutions, Inc. Presents at BMO Capital Markets 14th Annual Back to School Education Conference, Sep-18-2014 09:30 AM. Venue: Grand Hyatt Hotel, New York, New York, United States. Speakers: Elizabeth J. Boland, Chief Financial Officer and Principal Accounting Officer.

Bright Horizons Family Solutions, Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Provides Earnings Guidance for the Third Quarter and Full Year of 2014

Bright Horizons Family Solutions, Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. For the quarter, the company reported revenue of $348,100,000 against $310,813,000 a year ago, increased on contributions from new and ramping full service child care centers, average price increases of 3% to 4%, and expanded sales of back-up dependent care and educational advisory services. Income from operations was $42,535,000 against $35,397,000 a year ago. Income before income taxes $33,921,000 against $26,473,000 a year ago. Net income attributable to company was $21,714,000 against $24,579,000 a year ago. Earnings per diluted common share were $0.32 against $0.37 a year ago. EBITDA was $61,870,000 against $53,552,000 a year ago. Adjusted EBITDA was $64,443,000 against $56,673,000 a year ago, primarily as a result of the $7.7 million increase in gross profit, partially offset by increases in selling, general and administrative expenses. Adjusted income from operations was $42,535,000 against $36,309,000 a year ago. Adjusted income before tax was $43,334,000 against $36,672,000 a year ago. Adjusted net income was $27,517,000 against $23,104,000 a year ago. Diluted adjusted earnings per pro forma common share were $0.41 against $0.35 a year ago. After deducting maintenance CapEx of $6 million in the quarter, free cash flow for the second quarter totaled was $46 million compared to $39 million last year. The main drivers of this increase are the improved operating performance and the consistent networking capital, which is partially offset by higher cash tax payments this year due to the increase in pretax income. For the six months, the company reported revenue of $680,255,000 against $590,936,000 a year ago. Income from operations was $76,546,000 against $50,834,000 a year ago. Income before income taxes $59,205,000 against loss before income taxes of $35,040,000 a year ago. Net income attributable to company was $37,762,000 against loss of $26,164,000 a year ago. Earnings per diluted common share were $0.56 against loss per diluted share of $0.43 a year ago. Net cash provided by operating activities was $104,369,000 against $98,426,000 a year ago. Purchases of fixed assets, net were $30,701,000 against $39,662,000 a year ago. EBITDA was $115,496,000 against $21,753,000 a year ago. Adjusted EBITDA was $121,784,000 against $105,188,000 a year ago. Adjusted income from operations was $77,096,000 against $65,713,000 a year ago. Adjusted income before tax was $79,287,000 against $61,382,000 a year ago. Adjusted net income was $50,168,000 against $38,670,000 a year ago. Diluted adjusted earnings per pro forma common share were $0.74 against $0.60 a year ago. The company is updating certain targets regarding its 2014 expectations. Overall revenue growth in 2014 in the range of 11% to 12%; adjusted EBITDA growth in 2014 in the range of 15% to 17%; adjusted net income ranging from $97 million to $99 million in 2014; diluted adjusted earnings per pro forma common share ranging from $1.43 to $1.46. The company anticipates that this growth will allow the company to grow income from operations to approximately 11% for the full year, leveraging the adjusted operating income margin by 50 to 75 basis points, which in turn drives adjusted EBITDA to a range of $241 million to $245 million. The company projected amortization expense of $30 million for the year, including about $20 million related to May 2008 LBO, and depreciation expense of approximately $50 million to $52 million. The company estimate that the effective tax rate will continue to approximate 36.5% of adjusted pretax income in 2014, consistent with the projected GAAP reported effective tax rate for the full year in '14. The company projected that it will generate $160 million to $165 million of cash flow from operations or $135 million to $140 million of free cash flow net of the projected maintenance CapEx of $25 million to $30 million. The company estimated revenue growth for third quarter of 2014 approximates 8% to 9%, and outlook for adjusted EBITDA is $55 million to $57 million for the quarter. Using the 36.5% effective structural tax rate on the adjusted income before tax and the 68 million weighted average shares outstanding, the company is projecting adjusted net income in the range of $21 million to $22 million and adjusted EPS in the range of $0.31 to $0.32 a share for the third quarter of 2014.

Bright Horizons Family Solutions Seeks Acquisitions

Bright Horizons Family Solutions, Inc. (NYSE:BFAM) is looking for acquisition opportunities. David Lissy, Chief Executive Officer of Bright Horizons Family Solutions said that they are expecting 3% to 4% average price increase and outlook contemplates center additions in the range of 40 to 50 new sites, including organic new centers, and some small tuck in acquisitions.

 

Stock Quotes

Market data is delayed at least 15 minutes.

Company Lookup
Recently Viewed
BFAM:US $43.28 USD +0.58

BFAM Competitors

Market data is delayed at least 15 minutes.

Company Last Change
No competitor information is available for BFAM.
View Industry Companies
 

Industry Analysis

BFAM

Industry Average

Valuation BFAM Industry Range
Price/Earnings 38.5x
Price/Sales 2.2x
Price/Book 3.0x
Price/Cash Flow 26.6x
TEV/Sales 1.5x
 | 

Sponsored Financial Commentaries

Sponsored Links

Report Data Issue

To contact BRIGHT HORIZONS FAMILY SOLUT, please visit www.brighthorizons.com. Company data is provided by Capital IQ. Please use this form to report any data issues.

Please enter your information in the following field(s):
Update Needed*

All data changes require verification from public sources. Please include the correct value or values and a source where we can verify.

Your requested update has been submitted

Our data partners will research the update request and update the information on this page if necessary. Research and follow-up could take several weeks. If you have questions, you can contact them at bwwebmaster@businessweek.com.