Bright Horizons Family Solutions Inc. (BFAM) CEO Stephen Kramer on Q1 2022 Results - Earnings Call Transcript

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Q1: 2022-05-03 Earnings Summary

EPS of $0.47 beats by $0.05
 | Revenue of $460.41M (17.80% Y/Y) misses by $19.73M

Bright Horizons Family Solutions Inc. (NYSE:BFAM) Q1 2022 Earnings Conference Call May 3, 2022 5:00 PM ET

Company Participants

Michael Flanagan - Senior Director, IR
Stephen Kramer - CEO
Elizabeth Boland - CFO

Conference Call Participants

Manav Patnaik - Barclays
Andrew Steinerman - JPMorgan
Hans Hoffman - Jefferies
Jeff Meuler - Robert W. Baird
Jeff Silber - BMO Capital Markets
George Tong - Goldman Sachs
Toni Kaplan - Morgan Stanley
Faiza Alwy - Deutsche Bank

Operator

Greetings, and welcome to Bright Horizons Family Solutions First Quarter 2022 Earnings Call. [Operator Instructions] As a reminder, this conference is being recorded.

It is now my pleasure to introduce your host, Michael Flanagan, Senior Director of Investor Relations. Thank you. You may begin.

Michael Flanagan

Thank you, Doug, and hello to everyone on the call today. With me on the call today are Stephen Kramer, our Chief Executive Officer; and Elizabeth Boland, our Chief Financial Officer. I'll turn the call over to Stephen after covering a few administrative matters. Today's call is being webcast, and a recording will be available under the Investor Relations section of our website, brighthorizons.com.

As a reminder to participants, any forward-looking statements made on this call, including those regarding future business and financial performance, including the impact of COVID-19 on our operations and on acquisition activity and strategy, are subject to the safe harbor statement included in our earnings release. Forward-looking statements inherently involve risks and uncertainties that may cause actual operating and financial results to differ materially and are described in detail in our 2021 Form 10-K and other SEC filings. Any forward-looking statement speaks only as of the date on which it is made, and we undertake no obligation to update any forward-looking statements.

We also refer today to non-GAAP financial measures, which are detailed and reconciled

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