Life Time (LTH)
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Life Time Brings Trusted, Proven Line of LTH-Branded Supplements to Amazon
Prnewswire· 2025-03-12 11:01
Core Insights - Life Time has expanded its LTH-branded supplements to Amazon, enhancing accessibility for consumers during National Nutrition Month [1][2] - The company emphasizes its commitment to high-quality, research-backed ingredients in its supplements, designed by registered dietitians and personal trainers [3][4] - A recent survey indicates that 71% of adults feel overwhelmed by supplement choices, highlighting the need for clear product information [4] Company Overview - Life Time has over 20 years of experience in the supplement industry, founded by Bahram Akradi after discovering quality issues in existing products [2][6] - The company operates more than 175 athletic country clubs across the U.S. and Canada, offering a comprehensive healthy lifestyle ecosystem [6] - Life Time has been recognized as a Great Place to Work®, reflecting its commitment to a positive workplace culture for over 42,000 employees [6] Product Offerings - The LTH portfolio includes over 50 products such as vitamins, fish oil, protein, electrolytes, and greens [4] - Upcoming product launches include PUMP (a caffeine-free pre-workout), (Re)FUEL (collagen protein bars), and DREAM (a magnesium sleep support powder) [5]
Life Time and Silverstein Properties to Partner at Brooklyn Tower
Prnewswire· 2025-03-11 14:01
Core Insights - Life Time is expanding its presence in New York City with the development of Life Time Brooklyn Tower, which will be its largest location in Brooklyn at approximately 80,000 square feet [1][4] - The facility will span seven floors in a 1,066-foot-tall building and will focus on recovery, rejuvenation, and socializing, offering a holistic experience for residents and members [2][4] - Life Time Brooklyn Tower is expected to open in the second half of 2026, adding to Life Time's existing nine athletic country clubs in New York City [4] Company Overview - Life Time operates over 175 athletic country clubs across the United States and Canada, promoting healthy living and wellness for individuals aged 90 days to 90+ years [6] - The company has been recognized as a Great Place to Work®, highlighting its commitment to an exceptional workplace culture for over 42,000 team members [6] Partnership Details - Silverstein Properties, the new owner of Brooklyn Tower, is dedicated to ensuring the successful completion of the project and maintaining Life Time's health and wellness offerings as part of the building's amenities [3][7] - Silverstein Properties has a real estate portfolio valued at over $18 billion and has developed more than 45 million square feet of various properties across the country [7] Facility Features - Life Time Brooklyn Tower will include a rooftop pool, co-ed wet suite, luxury spa, coworking spaces, and dedicated fitness studios for various exercise programs [8]
Why Life Time Group Holdings (LTH) Might be Well Poised for a Surge
ZACKS· 2025-03-06 18:20
Core Viewpoint - Life Time Group Holdings, Inc. (LTH) shows potential as a strong investment opportunity due to significant revisions in earnings estimates, indicating an improving earnings outlook [1][3]. Current-Quarter Estimate Revisions - The company is projected to earn $0.27 per share for the current quarter, reflecting a year-over-year increase of +80% [4]. - In the last 30 days, two earnings estimates have been revised upward, with no negative revisions, leading to a 9.68% increase in the Zacks Consensus Estimate [4]. Current-Year Estimate Revisions - For the full year, earnings are expected to reach $1.31 per share, representing a year-over-year growth of +37.89% [5]. - Over the past month, four estimates have been raised, with no negative revisions, resulting in a 6.35% increase in the consensus estimate [5]. Favorable Zacks Rank - The positive revisions in earnings estimates have earned Life Time Group Holdings a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance [6]. - Research indicates that stocks with a Zacks Rank 1 and 2 significantly outperform the S&P 500 [6]. Bottom Line - Life Time Group Holdings shares have increased by 5.5% over the past four weeks, suggesting investor confidence in the company's earnings growth prospects [7].
Are Consumer Discretionary Stocks Lagging Life Time Group Holdings (LTH) This Year?
ZACKS· 2025-03-04 15:40
Investors interested in Consumer Discretionary stocks should always be looking to find the best-performing companies in the group. Life Time Group Holdings, Inc. (LTH) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? By taking a look at the stock's year-to-date performance in comparison to its Consumer Discretionary peers, we might be able to answer that question.Life Time Group Holdings, Inc. is a member of our Consume ...
Life Time Debuts 14th Athletic Country Club in Illinois and Nation's Second MIORA Performance & Longevity Clinic
Prnewswire· 2025-03-03 17:27
Core Insights - Life Time has opened its 14th location in Illinois, named Life Time Evanston, which features a 60,000-square-foot facility and the second MIORA Performance and Longevity Clinic in the country [1][3][4] - The club aims to provide a comprehensive health and wellness experience for individuals aged 90 days to 90 years, extending Life Time's signature programs to the downtown Evanston area [2][4] Company Expansion - Life Time Evanston is the first of several planned openings for 2025, marking the company's continued expansion beyond Minnesota with the MIORA clinic [4] - The company has opened four new locations in the Chicagoland area since 2022, including River North and Lake Zurich [5] Health and Wellness Offerings - The MIORA clinic offers personalized health services based on the proprietary Metabolic Code, which includes bloodwork and assessments [4] - Services at the MIORA clinic include medically curated peptides, hormone replacement therapy, red light therapy, infrared sauna, and cryotherapy [4] Facility Features - Life Time Evanston includes three indoor pickleball courts, a recovery zone with various therapeutic options, dedicated spaces for personal training, and over 90 group classes weekly [7] - The facility also features a Kids Academy, LifeCafe, luxurious dressing rooms, and a dedicated work club lounge [7] Operational Details - The club operates Monday through Friday from 4 am to midnight and Saturday and Sunday from 5 am to 10 pm [6]
Life Time Group Holdings: Premium Fitness Center Is Staking Out Tremendous Growth
Seeking Alpha· 2025-03-03 03:54
Group 1 - The core investment strategy for 2025 emphasizes a single-stock selection approach, focusing on selling momentum stocks that performed well in 2024 and investing in under-recognized small and mid-cap companies [1] - The analyst has extensive experience in covering technology companies on Wall Street and has worked in Silicon Valley, providing insights into current industry trends [1] - The analyst has been a contributor to Seeking Alpha since 2017 and has been featured in various web publications, indicating a strong presence in the investment community [1]
Life Time Announces Pricing of Secondary Offering of 23,000,000 Shares of Common Stock
Prnewswire· 2025-02-28 11:45
CHANHASSEN, Minn., Feb. 28, 2025 /PRNewswire/ -- Life Time Group Holdings, Inc. (NYSE: LTH) ("Life Time" or the "Company") announced today the pricing of the previously announced underwritten secondary offering of 23,000,000 shares of the Company's common stock by certain selling stockholders, resulting in total gross proceeds of $699,200,000, before deducting underwriting discounts and commissions. The offering is expected to close on March 3, 2025, subject to the satisfaction of customary closing conditio ...
Lithium Ionic Files NI 43-101 Technical Report for the Baixa Grande Mineral Resource Estimate, Minas Gerais, Brazil, Marking a 32% Growth in Updated Mineral Resources
Globenewswire· 2025-02-27 22:10
Core Insights - Lithium Ionic Corp. has filed an independent NI 43-101 compliant technical report for its Baixa Grande Lithium Project in Brazil, which includes an updated Mineral Resource Estimate announced on January 14, 2025 [1][2] Summary by Sections Technical Report - The technical report, titled "Independent Technical Report on the Mineral Resource Estimate for the Baixa Grande Salinas Lithium Project, Minas Gerais, Brazil," was prepared by GE21 Consultoria Mineral Ltda. and has an effective date of December 2, 2024 [2] Mineral Resource Estimate - The report details a Mineral Resource Estimate comprising Measured and Indicated resources of 6.52 million tonnes (Mt) grading 1.11% Li₂O, equating to 179,580 tonnes of Lithium Carbonate Equivalent (LCE), and an additional 12.90 Mt in the Inferred category grading 0.96% Li₂O, amounting to 305,920 tonnes LCE. This represents approximately 30% of the Company's total global mineral resources of 64.7 Mt in Brazil's Lithium Valley [3] Project Significance - The Baixa Grande target, part of the Salinas group of properties acquired in March 2023, is considered one of the most promising projects in the Company's portfolio. The properties are located approximately 100 kilometers north of the Bandeira development project, within a region known for spodumene-bearing pegmatites [6] Market Context - In August 2024, Pilbara Minerals announced the acquisition of Latin Resources and their Colina deposit for AU$559.9 million (US$369.4 million), located directly west of the Baixa Grande deposit, highlighting the competitiveness of Brazil's lithium deposits [7] Company Overview - Lithium Ionic is a Canadian mining company focused on exploring and developing lithium properties in Brazil, covering approximately 17,000 hectares in the northeastern part of Minas Gerais state, which is emerging as a world-class hard-rock lithium district [8]
Life Time Announces Commencement of Secondary Offering of 23,000,000 Shares of Common Stock
Prnewswire· 2025-02-27 21:59
Core Viewpoint - Life Time Group Holdings, Inc. announced a public offering of 18,000,000 shares of its common stock by certain affiliates of Leonard Green & Partners, TPG Inc., and Partners Group, with all proceeds going to the selling stockholders [1] Group 1: Offering Details - The offering is made under Life Time's shelf registration statement filed with the SEC, and the company will not receive any proceeds from this sale [1] - The offering is subject to market conditions, and there is no assurance regarding its completion or the actual size and terms [3] Group 2: Executive Actions - Bahram Akradi, the Founder, Chairman, and CEO, exercised 9,388,000 options and is selling five million shares to meet tax obligations, resulting in a 25% increase in his ownership to over 15.2 million shares since the company went public in October 2021 [2] Group 3: Underwriters - J.P. Morgan and BofA Securities are the underwriters for the proposed offering, which will be offered at market prices or negotiated prices [4] Group 4: Company Overview - Life Time operates over 175 athletic country clubs in the U.S. and Canada, focusing on health and wellness through various programs and a digital app, supported by over 42,000 professionals [7]
Life Time (LTH) - 2024 Q4 - Earnings Call Transcript
2025-02-27 17:58
Financial Data and Key Metrics Changes - Total revenue increased by 18.7% to $663.3 million in Q4 2024, driven by an 18% increase in membership dues and enrollment fees, and a 19.4% increase in in-center revenue [7] - Net income rose by 57% to $37.2 million, while adjusted net income increased by 59% to $60.3 million [8] - Adjusted EBITDA was $177 million, up 28.5%, with an adjusted EBITDA margin of 26.7%, an increase of 210 basis points compared to Q4 2023 [9] - For the full year, total revenue increased by 18.2% to $2.621 billion, with net income increasing by 105% to $156.2 million [10] Business Line Data and Key Metrics Changes - Center memberships increased by 6.4% year-over-year, ending the quarter with over 812,000 memberships, and total memberships reached approximately 866,000 when including digital on-hold memberships [8] - Average monthly dues rose to $201, a 10% increase from the previous year, while average revenue per center membership increased by 12% to $796 [8] Market Data and Key Metrics Changes - Comparable center revenue growth was 13.5%, the largest of the year, indicating strong engagement from members [7] - The company expects to open 10 to 12 new clubs in 2025, with a robust pipeline for future growth [16] Company Strategy and Development Direction - The company raised its revenue and adjusted EBITDA guidance for 2025, now expecting revenue between $2.925 billion and $2.975 billion, and adjusted EBITDA between $780 million and $800 million [13] - The focus remains on enhancing member experience and retention, which has reached record levels, contributing to revenue growth [14] - The company plans to maintain current debt levels around $1.5 billion while growing revenue and EBITDA, aiming for a net debt leverage ratio of less than two times by the end of the year [16] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the business, citing strong membership dues and retention as key drivers for growth [37] - The company is optimistic about the potential of its digital offerings and health optimization services, which are expected to contribute significantly to future revenue [18][95] Other Important Information - The LT Digital platform has over 1.7 million subscribers, growing by more than 100,000 subscribers per month without marketing efforts [18] - The company is focused on leveraging AI to enhance operational efficiency and customer experience [81] Q&A Session Summary Question: Inquiry about funding expansion and sale-leaseback market - Management confirmed plans for $240 to $250 million in sale-leaseback transactions this year to fund expansion [24][26] Question: Clarification on leverage expectations - Management aims to maintain debt to EBITDA under 2.25 times, with expectations to finish the year under two times if EBITDA grows as projected [45][48] Question: Discussion on EBITDA margin outlook - Management indicated that while the EBITDA margin is expected to remain around 26.7%, there is potential for slight increases without compromising customer experience [56][58] Question: Inquiry about membership growth and pricing opportunities - Management noted that pricing opportunities arise when clubs reach capacity, and they have successfully increased dues for legacy customers [72][75] Question: Discussion on recovery space and its impact on revenue - Management is optimistic about the recovery space's potential to drive in-center revenue and membership growth, with ongoing investments in recovery services [140][143]