Tear Sheet: Bright Horizons Family Solutions LLC - S&P Global Ratings’ Credit Research

Tear Sheet: Bright Horizons Family Solutions LLC

Tear Sheet: Bright Horizons Family Solutions LLC - S&P Global Ratings’ Credit Research
Tear Sheet: Bright Horizons Family Solutions LLC
Published Nov 19, 2024
6 pages (2402 words) — Published Nov 19, 2024
Price US$ 500.00  |  Buy this Report Now

About This Report

  
Abstract:

Bright Horizons continues to see strong demand for their backup care offering, with backup care revenue in the third quarter of 2024 up 18% year over year. Furthermore, demand for full-service child care remains robust, increasing 9% year over year. Given the strong revenue growth year-to-date, we upwardly revised our revenue growth projections for full-year 2024 to about 11% from 8% previously. Bright Horizon?s U.K. full-service center operations continue to negatively impact performance given weaker utilization and higher operating costs. We expect utilization will improve gradually through fiscal year 2025. . Given continued top line growth driving EBITDA expansion, we maintain our expectation that S&P Global Ratings-adjusted debt to EBITDA will remain in the low-3x area for 2024. We expect

  
Brief Excerpt:

...Carlee Martineau New York 1-332-999-3088 carlee.martineau @spglobal.com Christine Besset Dallas 1-214-765-5865 christine.besset @spglobal.com...

  
Report Type:

Full Report

Ticker
Issuer
GICS
Education Services (25302010)
Sector
Global Issuers
Country
Region
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Tear Sheet: Bright Horizons Family Solutions LLC" Nov 19, 2024. Alacra Store. May 06, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Bright-Horizons-Family-Solutions-LLC-3286242>
  
APA:
S&P Global Ratings’ Credit Research. (). Tear Sheet: Bright Horizons Family Solutions LLC Nov 19, 2024. New York, NY: Alacra Store. Retrieved May 06, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Tear-Sheet-Bright-Horizons-Family-Solutions-LLC-3286242>
  
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