Bright Horizons Family Solutions Inc. (NYSE:BFAM) Q3 2024 Earnings Conference Call November 4, 2024 5:00 PM ET

Company Participants

Michael Flanagan - VP, IR

Stephen Kramer - CEO

Elizabeth Boland - CFO

Conference Call Participants

Andrew Steinerman - J.P. Morgan

Manav Patnaik - Barclays

George Tong - Goldman Sachs

Jeff Meuler - Baird

Toni Kaplan - Morgan Stanley

Jeff Silber - BMO Capital Markets

Josh Chan - UBS

Faiza Alwy - Deutsche Bank

Harold Antor - Jefferies

Operator

Greetings, and welcome to the Bright Horizons Family Solutions Third Quarter 2024 Earnings Call. At this time all participants are in a listen-only mode. [Operator Instructions] As a reminder, this conference is being recorded. It is now my pleasure to introduce Michael Flanagan, Vice President of Investor Relations. Thank you. You may begin.

Michael Flanagan

Thanks, Julian, and welcome to Bright Horizons' third quarter earnings call. Before we begin, please note 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 within those regarding future business, financial performance and outlook 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 should be considered in conjunction with the cautionary statements that are described in detail in our earnings release, 2023, Form 10-K and other SEC filings. Any forward-looking statement speaks only as of the date on which is made, and we undertake no obligation to update any forward-looking statements.

Today, we also refer to non-GAAP financial measures, which are detailed and reconciled to their GAAP counterparts in our earnings release, which is available under the IR section of our website at investors.brighthorizons.com.

Joining me on today's call are Chief Executive Officer, Stephen Kramer; and our Chief Financial Officer, Elizabeth Boland. Stephen will start by reviewing our results and provide an update on the business. Elizabeth will give a fall with a more detailed review of the numbers before we open it up to your questions.

With that, let me turn the call over to Stephen.

Stephen Kramer

Thanks, Mike, and good evening to everyone on the call. Before we dive into our financial results, I want to extend our heartfelt sympathies to everyone affected by Hurricanes Helene and Milton. While the overall operational impact for Bright Horizons was quite limited, these storms have had a profound effect on many of our educators, families and clients in the affected areas. The devastation is truly heart breaking and our thoughts are with those impacted.