Bright Horizons

Childcare and early education group Bright Horizons Family Solutions has reported net income of $18.8 million for the second quarter of 2021, up from net income of $359,000 reported for Q2 last year.

Revenue for the quarter was $441.5 million, up from $293.8 million reported for the second quarter of 2020.

The Watertown, Massachusetts-based company also reported results for the first six months of 2021. Net income was $25.9 million, down from $31.1 million reported for the first six months of 2020. Revenue for the period was $832.3 million, up from $800.1 million reported for the first six months of 2020.

Bright Horizons chief executive Stephen Kramer said: “I am pleased to report another solid quarter across all of our services, as we continue to make good progress in returning our business to pre-Covid-19 levels. With full-time enrolment and back-up usage returning, and most centres reopening by this fall, our recovery from the pandemic is on track. I continue to be inspired by our dedicated teachers and centre operations leadership, who have been supporting children and families through these very challenging times, and likewise am proud of the strong client partnerships that have enabled the delivery of impactful solutions to families and learners over the past 18 months.”

Date published: 5 August 2021

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