Bright Horizons reports Q2 adjusted EPS 64c, consensus 60c

Reports Q2 revenue $603M, consensus $584.25M. “I am pleased with our results this past quarter and for the first half of the year,” said Stephen Kramer, Chief Executive Officer. “Our full service segment performed well in the second quarter, highlighted by sequential occupancy improvement and total revenue growth of 23%, along with our back-up care segment which delivered strong results with 27% revenue growth and record utilization of traditional back-up care in the month of June. While the labor market for early childhood teachers remains tight, I am encouraged by our performance and the growth opportunity we have ahead across our full suite of solutions.”