Bright Horizons Family Solutions Inc.: Initiation Of Coverage – Are Its Footprint Rationalization & Portfolio Optimization Efforts Enough To Warrant A Bullish Rating?

Bright Horizons Family Solutions, a renowned provider of child care, early education, and work-life servcies,
recently reported a robust performance for the second quarter of 2024 in their latest earnings call. CEO, Stephen
Kramer, highlighted substantial revenue growth in full service and back-up care segments and a nearly 40%
increase in adjusted EPS, surpassing the company’s expectations due to improved operational efficiency across
all three segments. In light of these results, the company has raised its full-year guidance for both revenue and
EPS.