Latest news with #ChildCare
Yahoo
01-08-2025
- Business
- Yahoo
Bright Horizons (NYSE:BFAM) Posts Better-Than-Expected Sales In Q2, Full-Year Outlook Slightly Exceeds Expectations
Child care and education company Bright Horizons (NYSE:BFAM) reported Q2 CY2025 results topping the market's revenue expectations , with sales up 9.2% year on year to $731.6 million. The company's full-year revenue guidance of $2.91 billion at the midpoint came in 0.8% above analysts' estimates. Its non-GAAP profit of $1.07 per share was 5.8% above analysts' consensus estimates. Is now the time to buy Bright Horizons? Find out in our full research report. Bright Horizons (BFAM) Q2 CY2025 Highlights: Revenue: $731.6 million vs analyst estimates of $723.8 million (9.2% year-on-year growth, 1.1% beat) Adjusted EPS: $1.07 vs analyst estimates of $1.01 (5.8% beat) Adjusted EBITDA: $115.6 million vs analyst estimates of $112.7 million (15.8% margin, 2.6% beat) The company slightly lifted its revenue guidance for the full year to $2.91 billion at the midpoint from $2.89 billion Management raised its full-year Adjusted EPS guidance to $4.20 at the midpoint, a 3.7% increase Operating Margin: 11.8%, up from 10.3% in the same quarter last year Free Cash Flow Margin: 15.8%, up from 13% in the same quarter last year Market Capitalization: $6.48 billion Company Overview Founded in 1986, Bright Horizons (NYSE:BFAM) is a global provider of child care, early education, and workforce support solutions. Revenue Growth A company's long-term sales performance can indicate its overall quality. Any business can put up a good quarter or two, but the best consistently grow over the long haul. Regrettably, Bright Horizons's sales grew at a sluggish 8.8% compounded annual growth rate over the last five years. This fell short of our benchmark for the consumer discretionary sector and is a poor baseline for our analysis. Long-term growth is the most important, but within consumer discretionary, product cycles are short and revenue can be hit-driven due to rapidly changing trends and consumer preferences. Bright Horizons's annualized revenue growth of 11.9% over the last two years is above its five-year trend, but we were still disappointed by the results. This quarter, Bright Horizons reported year-on-year revenue growth of 9.2%, and its $731.6 million of revenue exceeded Wall Street's estimates by 1.1%. Looking ahead, sell-side analysts expect revenue to grow 6.8% over the next 12 months, a deceleration versus the last two years. This projection is underwhelming and suggests its products and services will see some demand headwinds. Today's young investors likely haven't read the timeless lessons in Gorilla Game: Picking Winners In High Technology because it was written more than 20 years ago when Microsoft and Apple were first establishing their supremacy. But if we apply the same principles, then enterprise software stocks leveraging their own generative AI capabilities may well be the Gorillas of the future. So, in that spirit, we are excited to present our Special Free Report on a profitable, fast-growing enterprise software stock that is already riding the automation wave and looking to catch the generative AI next. Operating Margin Operating margin is an important measure of profitability as it shows the portion of revenue left after accounting for all core expenses – everything from the cost of goods sold to advertising and wages. It's also useful for comparing profitability across companies with different levels of debt and tax rates because it excludes interest and taxes. Bright Horizons's operating margin has been trending up over the last 12 months and averaged 9.2% over the last two years. The company's higher efficiency is a breath of fresh air, but its suboptimal cost structure means it still sports mediocre profitability for a consumer discretionary business. This quarter, Bright Horizons generated an operating margin profit margin of 11.8%, up 1.5 percentage points year on year. This increase was a welcome development and shows it was more efficient. Earnings Per Share Revenue trends explain a company's historical growth, but the long-term change in earnings per share (EPS) points to the profitability of that growth – for example, a company could inflate its sales through excessive spending on advertising and promotions. Bright Horizons's EPS grew at an unimpressive 5.2% compounded annual growth rate over the last five years, lower than its 8.8% annualized revenue growth. We can see the difference stemmed from higher interest expenses or taxes as the company actually improved its operating margin and repurchased its shares during this time. In Q2, Bright Horizons reported adjusted EPS at $1.07, up from $0.88 in the same quarter last year. This print beat analysts' estimates by 5.8%. Over the next 12 months, Wall Street expects Bright Horizons's full-year EPS of $3.93 to grow 10.6%. Key Takeaways from Bright Horizons's Q2 Results It was good to see Bright Horizons raise its full-year revenue and EPS guidance. We were also glad this quarter's revenue, EPS, and EBITDA exceeded Wall Street's estimates. Overall, this print had some key positives. The stock remained flat at $113.10 immediately after reporting. Should you buy the stock or not? If you're making that decision, you should consider the bigger picture of valuation, business qualities, as well as the latest earnings. We cover that in our actionable full research report which you can read here, it's free.
CTV News
10-07-2025
- General
- CTV News
Calls for change to Ontario Child Care Fee Subsidy
Windsor Watch A local mother is calling for changes to the Ontario Child Care Fee Subsidy program. CTV Windsor's Stefanie Masotti learns more.
CTV News
09-07-2025
- Business
- CTV News
Tilbury mother argues Ontario childcare subsidies outdated
A Tilbury mother of three young children is calling on the province's Ministry of Education to revise who is eligible for the Ontario Child Care Fee Subsidy. (Stefanie Masotti/CTV News Windsor) A Tilbury mother of three young children is calling on the province's Ministry of Education to revise who is eligible for the Ontario Child Care Fee Subsidy. She argues the mathematical calculations used to make these decisions do not match today's cost of living. 'My kids are my entire world,' said Emily Rubinski, mother of Avery, 6, Reminton, 4, and Maggie, 2. 'We actually play outside in the yard a lot because we can't really afford too much.' Starting this month, she is no longer eligible for an Ontario Child Care Fee Subsidy after she and her partner moved under one roof. '$102,000 for a joint person income is really just nowhere close to being enough to survive in today's society at all,' she argued. She tells CTV News her daycare costs have doubled from around $562/month to $1,200/month. A family's eligibility is determined through a provincial legislated tool referred to as the 'Income Test Calculator' that was implemented in 2007. 'When you factor rent, car payments, insurance, utilities, cable and internet, daycare fees, groceries, all the other essential costs, we're putting out a lot of money a month. close to like $5,800, if not more a month in just bills,' she adds. '$100,000 in 2007 is not $100,000 today.' 070825 A Tilbury mother of three young children is calling on the province's Ministry of Education to revise who is eligible for the Ontario Child Care Fee Subsidy. (Stefanie Masotti/CTV News Windsor) The Municipality of Chatham Kent says the thresholds have not changed since its original implementation. Officials would not comment specifically on whether or not the calculator should be updated to reflect today's cost of living but sent a statement to CTV news. 'We with today's financial pressures, many families are still struggling to afford appropriate care for their children,' said Josh Myers, director of child care and early years, Municipality of Chatham-Kent. The Ontario Child Care Fee Subsidy is different from the Canada-Wide Early Learning and Child Care or CWELCC system. CWELCC is capped at $22 per day in Ontario with the intention of dropping to $10 per day by March 2026. This system does not include children aged six and above. Ontario has not signed an extension of CWELCC after it expired in March 2026. Prime Minister Mark Carney had promised in his election platform to 'protect and strengthen' the national child-care program, but so far there's no mention of additional funding. A request for comment from the federal government and Ontario's Ministry of Education have not been returned as of publication. For now, Rubinski has been advised to reach out to her case manager if there are significant changes to her family's income. 'It's just really disheartening watching us work and work and work and get absolutely nowhere,' said Rubinski.
Associated Press
19-06-2025
- General
- Associated Press
TOOTRiS Names Jillian Ritter as Director of Early Childhood Systems
Trusted early education expert to strengthen Child Care systems through innovation and public-sector partnerships SAN DIEGO, CA, UNITED STATES, June 19, 2025 / / -- With more than 25 years of experience in early childhood education, Jillian Ritter has earned a reputation as one of the field's most trusted and insightful leaders. From her early days as a Child Care teacher and center director to her work on national policy and emergency response, she brings deep, firsthand knowledge of the challenges facing families, providers, and public systems. Now, she is bringing that expertise to TOOTRiS, the nation's largest and most comprehensive Child Care platform, as Director of Early Childhood Systems. Ritter's understanding of the Child Care landscape runs deep — because she has lived it at every level. Her journey began as a 5th grader, staying home in the mornings to care for her younger brother while her mom drove a school bus route. That early responsibility sparked a passion that led her to the classroom, and to the front lines of national systems-building work. In her new role, Ritter will support the TOOTRiS Government Solutions team, working alongside state agencies, Child Care Resource & Referral (CCR&R) networks, and community organizations to strengthen Child Care infrastructure and improve access for families. 'I'm incredibly excited to be working with TOOTRiS,' said Ritter. 'I've seen just how essential quality Child Care is — not only for children and families, but for the strength of our communities. I am passionate about supporting the people and systems that make it possible.' Originally from Michigan and now based in Indiana, Ritter spent years working in Head Start and Early Head Start programs across both states before transitioning into national leadership roles. She spent the last 14 years with Child Care Aware® of America (CCAoA), where she led and supported several impactful national initiatives. As part of the Department of Defense-funded Military Child Care Liaison Initiative, Ritter worked across DoD-selected states to help increase the availability and quality of off-installation Child Care for military families, while expanding access to provider training and support. She also played a lead role on CCAoA's Emergency Preparedness, Response, and Recovery Team, offering training, coaching, and technical assistance to CCR&Rs and providers to ensure operational continuity before, during, and after disasters. Her work focused not only on helping Child Care programs stay resilient — but also on making sure the support systems behind them, including CCR&Rs themselves, could continue serving families and communities in times of crisis. Her national work also extended to research projects focused on improving Child Care quality, availability, and affordability. 'Jillian brings a unique combination of real-world experience and systems insight,' said Alessandra Lezama, CEO of TOOTRiS. 'She's lived the challenges that families and providers face every day — and she's experienced and has had great success building policies and partnerships that make a difference.' What began out of necessity grew into purpose. While working full-time at a local Child Care center, Ritter changed her college major to Child Development — an experience that shaped her lasting commitment to supporting children and the professionals who care for them. About TOOTRiS TOOTRiS is the nation's most comprehensive Tech-Enabled Child Care Services Provider offering a state-of-the-art platform, that provides real-time access to over 230,000 care providers nationwide, while supporting working parents, Child Care programs, employers, agencies, and policymakers. Through its recent acquisition of WorkLife Systems and its expanding partnerships with CCR&Rs, TOOTRiS is transforming Child Care into a foundational pillar of a strong workforce and equitable economy. Jeff McAdam TOOTRiS +1 720-988-0984 email us here Visit us on social media: LinkedIn X Legal Disclaimer: EIN Presswire provides this news content 'as is' without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the author above.
Yahoo
21-05-2025
- Yahoo
Former Mass. preschool teacher charged in connection with 'slamming children into tables'
A Hull woman is facing 16 criminal charges in connection with physically abusing five students at the Scituate preschool she taught at until recently, the Plymouth County District Attorney's Office announced Wednesday. Lilly Garofola, 29, has been charged with four counts of assault and battery with a dangerous weapon and 12 counts of assault and battery, according to court records and the district attorney's office. The alleged offenses took place at Little Steps Learning Center & Child Care on several different days between the dates of April 15 and May 12. Garofola pleaded not guilty to the charges during her arraignment in Hingham District Court on Wednesday, according to court records. Neither the preschool nor Garofola's lawyer immediately responded to a request for comment on the allegations Wednesday afternoon. Scituate police, the district attorney's office and the Massachusetts Department of Children and Families began a joint investigation into Garofola after Scituate police received reports from concerned parents and Little Steps staff that she may have engaged in 'inappropriate physical conduct,' the district attorney's office said in a press release. The investigation revealed that, in the last two months, Garofola assaulted five of the preschool's students during school hours, the district attorney's office said. The alleged abuse includes instances where she pushed children to the ground and slammed them into walls, tables and chairs. Most of the abuse was caught on security camera footage, the district attorney's office said. Garofola has also been accused of verbally abusing students on multiple occasions. The former teacher was suspended from her job at the preschool, but later resigned, the district attorney's office said. Scituate police arrested her Wednesday morning without incident. Garofola was ordered held on $1,000 bail with release conditions that she not interact with children under the age of 16 or have any contact with witnesses in the case, the district attorney's office said. A judge denied the prosecution's motion that she be held pending a dangerousness hearing, as well as its recommendation that she be held on $50,000 bail. 'At this time, there is no indication of further immediate risk to students or the community,' the press release reads. 'The preschool is cooperating fully with investigators and has taken internal measures to ensure the safety and wellbeing of its students.' Families with children enrolled at the preschool have been notified of the allegations against Garofola, the district attorney's office said. Anyone who believes their child may have had inappropriate contact with Garofola or has additional information relevant to the case is asked to call the Scituate Police Department at 781-545-1212. Mass. couple to plead guilty to Ponzi scheme that netted more than $3.2 million Agreement reached in lawsuit over Souza-Baranowski Correctional Center assault Ex-Harvard Medical School morgue manager pleads guilty in stolen body parts case Mass. man faces slew of charges after multiple hit-and-run crashes Heavy police presence in Canton amid search for person who could be armed Read the original article on MassLive.
