Record Revenue and Earnings Growth
Total revenue increased by 11% for the year, with adjusted EPS growing by 22%, significantly surpassing initial projections.
Backup Care Segment Performance
The Backup Care segment generated $170 million of EBIT, with revenue growth of 15% in Q4 to $157 million, and annual revenue topping $600 million.
Full Service Child Care Expansion
Seven centers were added in Q4, including client centers for Ragon Institute and St. Jude's Hospital. For the full year, 26 centers were opened.
Strong UK Market Improvement
The UK operations showed improved financial performance, narrowing losses compared to the previous year, and is on track to reach earnings breakeven in 2025.
Cash Flow and Share Repurchase
Cash from operations increased to $337 million in 2024, with $85 million of stock repurchased in Q4.
Positive 2025 Outlook
2025 revenue is projected to be $2.85 billion to $2.9 billion, with adjusted EPS expected to grow by 15% to 20%.