Bright Horizons Family Solutions Reports Second Quarter of 2020 Financial Results
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Bright Horizons Family Solutions (BFAM) Tops Q2 EPS by $1.02, Revenues Beat
August 5, 2020 4:14 PM EDTBright Horizons Family Solutions (NYSE: BFAM) reported Q2 EPS of $0.44, $1.02 better than the analyst estimate of ($0.58). Revenue for the quarter came in at $294 million versus the consensus estimate of $196.73 million.
Second Quarter 2020 Highlights (compared to second quarter 2019):
Revenue of $294 million (decrease of 44%)Income from operations of $8 million (decrease of 89%)Net income of $0.4 million and diluted earnings per common share of $0.01 (decreases of 99%)Non-GAAP measures
Adjusted income from operations* of $27 million (decrease of 64%)Adjusted EBITDA* of $60 million (decrease of 43%)Adjusted net income* of $26... More