Bright Horizons Family Solutions, Inc. reported unaudited consolidated earnings results for the first quarter ended March 31, 2013. For the quarter, the company reported revenue was $280,123,000, income from operations of $15,437,000, loss before tax of $61,513,000, net loss of $50,781,000, net loss attributable to Bright Horizons Family Solutions Inc. of $50,743,000 against revenue of $258,122,000, income from operations of $26,104,000, income before tax of $6,223,000, net income of $3,590,000, net income attributable to Bright Horizons Family Solutions Inc. of $3,509,000 for the same period a year ago. Loss per share was basic and diluted was $0.91 compared to $2.49 in the same period last year. Net cash provided by operating activities was $52,270,000 compared to $38,115,000 in the same period last year. Additions to fixed assets, net of acquired amounts was $22,192,000 compared to $12,920,000 in the same period last year. EBITDA was $31,883,000 against $40,542,000 for the same period a year ago. Adjusted EBITDA was $48,515,000 against $41,620,000 for the same period a year ago. Adjusted income from operations was $29,404,000 compared to $26,104,000 in the same period last year. Adjusted income before tax was $24,710,000 against $13,632,000 for the same period a year ago. Adjusted net income was $15,567,000 against $8,412,000 for the same period a year ago. Diluted adjusted earnings per pro forma common share were $0.25 compared to $0.16 in the same period last year. The company expects earning results for fiscal year 2013, as overall revenue growth in 2013 in the range of 10-13%, adjusted EBITDA growth in 2013 in the range of 14-17%, adjusted net income ranging from $76-$79 million, diluted adjusted earnings per pro forma common share ranging from $1.16 to $1.21.

Bright Horizons Family Solutions, Inc., Q1 2013 Earnings Call, May 09, 2013

Bright Horizons Family Solutions, Inc. announced that they will report Q1, 2013 results After-Market on May 09, 2013