Q3 2025 Bright Horizons Family Solutions Inc Earnings Call Transcript
Key Points
- Revenue increased by 12% to $803 million, surpassing expectations.
- Adjusted EPS grew by 41% to $1.57, indicating strong financial performance.
- Backup care revenue increased by 26% to $253 million, driven by strong demand.
- Full service center revenue grew by 6% due to enrollment growth, tuition increases, and new center openings.
- The UK full service business is on track to contribute modestly positive earnings in 2025.
- Enrollment growth in full service centers has moderated, with low single-digit increases.
- Average occupancy in full service centers decreased to the mid-60s due to seasonality.
- Some full service centers remain under-enrolled, particularly those below 40% occupancy.
- Economic conditions and return-to-office variability are creating uncertainties in enrollment demand.
- The UK full service segment still presents a headwind, impacting overall margin improvement.
Greetings and welcome to the Bright Horizons Family Solutions 3rd quarter earnings release conference call. At this time, all participants are in a listen-only mode. A question-and-answer session will follow the formal presentation. If anyone should require operate assistance, please press 0 on your telephone keypad. As a reminder, this conference is being recorded. It is now my pleasure to introduce your host, Michael Flanagan, group Vice President of strategic Finance.
Thank you. You may begin.
Thank you, Shamali, and welcome to Bright Horizons 3rd quarter earnings call.
Before we begin, please note that today's call is being webcast and recording will be available under the investor relations section of our website, investors. Bright Horizons.com.
As a reminder to participants, any forward-looking statements made on this call, including those regarding future business, financial performance, and outlook, are subject to the safe
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