Life Time (LTH)
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Life Time Group Holdings, Inc. (LTH) Q4 Earnings and Revenues Surpass Estimates
ZACKS· 2025-02-27 14:00
分组1 - Life Time Group Holdings, Inc. reported quarterly earnings of $0.27 per share, exceeding the Zacks Consensus Estimate of $0.24 per share, and up from $0.19 per share a year ago, representing an earnings surprise of 12.50% [1] - The company posted revenues of $663.28 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 0.11%, and compared to year-ago revenues of $558.83 million [2] - Life Time Group Holdings shares have increased approximately 42.9% since the beginning of the year, significantly outperforming the S&P 500's gain of 1.3% [3] 分组2 - The current consensus EPS estimate for the upcoming quarter is $0.25 on revenues of $678.63 million, and for the current fiscal year, it is $1.27 on revenues of $2.94 billion [7] - The Leisure and Recreation Services industry, to which Life Time Group Holdings belongs, is currently ranked in the top 16% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]
Life Time (LTH) - 2024 Q4 - Annual Report
2025-02-27 11:58
Debt and Financing - As of December 31, 2024, the company had outstanding borrowings of $10.0 million under the Revolving Credit Facility and $31.2 million in outstanding letters of credit, with total revolver availability of $608.8 million[249]. - The Term Loan Facility had an outstanding balance of $1,000.0 million as of December 31, 2024, with interest rates at SOFR plus an applicable margin of 2.50%[250]. - A one percentage point change in interest rates would result in an approximately $16.5 million change in annual interest expense on the indebtedness under the Credit Facilities[251]. - The company amended its credit agreement to replace the Canadian Dollar Offered Rate (CDOR) with the Canadian Overnight Repo Rate Average (CORRA) in 2024[250]. - Proceeds from borrowings in 2024 amounted to $1.50 billion, a substantial increase from $44.29 million in 2023[290]. - The company issued $500 million in 6.000% Senior Secured Notes due November 2031 in November 2024[402]. - The company retired its Former Term Loan Facility in September 2024, paying an aggregate principal amount of $200 million[408]. - The company recognized a loss of $11.1 million upon extinguishment of the 5.750% Senior Secured Notes and the 8.000% Senior Unsecured Notes during the year ended December 31, 2024[407]. - Total debt as of December 31, 2024, was approximately $1.56 billion, a decrease from $1.95 billion in 2023[400]. - Future maturities of long-term debt total $1.56 billion as of December 31, 2024, with significant amounts due in 2025 and 2026[429]. Revenue and Income - Total revenue for 2024 reached $2,620,995, an increase of 18.2% compared to $2,216,593 in 2023[281]. - Center revenue grew to $2,546,651, up 18.2% from $2,154,329 in the previous year[281]. - Net income for 2024 was $156,240, a significant increase from $76,063 in 2023, representing a growth of 105.5%[284]. - The company reported a basic income per share of $0.77 for 2024, compared to $0.39 in 2023, reflecting a 97.4% increase[281]. - Membership dues and enrollment fees reached $1,853.963 million in 2024, up 19.0% from $1,557.289 million in 2023[384]. - In-center revenue increased to $692.688 million in 2024, a rise of 16.0% compared to $597.040 million in 2023[384]. Expenses and Liabilities - Operating expenses totaled $2,263,512, an increase of 13.7% from $1,991,383 in 2023[281]. - The provision for income taxes for 2024 was $52.528 million, significantly higher than $18.727 million in 2023[388]. - The company reported a net deferred tax liability of $85.255 million as of December 31, 2024, compared to $56.066 million in 2023[391]. - The total accrued expenses and other current liabilities as of December 31, 2024, amounted to $179,444 thousand, down from $185,305 thousand in 2023[370]. - The company recognized impairment charges of $11.0 million, $14.5 million, and $2.1 million for long-lived assets during the years ended December 31, 2024, 2023, and 2022, respectively[323]. Assets and Investments - Total assets increased to $7,152,537 in 2024, up from $7,032,141 in 2023, marking a growth of 1.7%[279]. - The company has no investments in marketable securities as of December 31, 2024[248]. - The total goodwill balance on the consolidated balance sheets was $1,235.4 million as of December 31, 2024, with $1,233.1 million allocated to the Centers reporting unit and $2.3 million to Corporate Businesses[324]. - Goodwill remained stable at $1,235.4 million as of December 31, 2024, consistent with the previous year[380]. - The company has investments in unconsolidated subsidiaries, including Bloomingdale LLC and D-M Holdings, accounted for using the equity method[345][346]. Cash Flow - Net cash provided by operating activities increased to $575.12 million in 2024, compared to $463.00 million in 2023, reflecting a growth of approximately 24.2%[290]. - The company reported a net cash used in investing activities of $292.74 million in 2024, down from $574.16 million in 2023[290]. - Cash and cash equivalents at the end of the period were $27.88 million, a decrease from $29.97 million at the end of 2023[290]. - The company’s cash payments for interest, net of capitalized interest, increased to $136,860 thousand in 2024 from $122,154 thousand in 2023[371]. Lease and Operating Activities - The company entered into sale-leaseback transactions involving five properties with unrelated third parties and one with a related party during the year ended December 31, 2024[274]. - The company recognized a net gain of $19.8 million on sale-leaseback transactions in 2024, with gross proceeds of $173.2 million from the sale of five properties[432]. - Total lease costs for the year ended December 31, 2024, amounted to $381.6 million, an increase from $344.7 million in 2023[431]. - As of December 31, 2024, total lease-related liabilities were $2.48 billion, up from $2.35 billion in 2023[437]. - The company was in compliance with all material covenants as of December 31, 2024[428]. Internal Controls and Reporting - The company's internal control over financial reporting was assessed as effective as of December 31, 2024, based on criteria established by COSO[258]. - The company maintained effective internal control over financial reporting, as confirmed by an independent audit[261]. Accounting and Tax Matters - The company expects to adopt new accounting guidance for income tax disclosures in its Annual Report for the year ended December 31, 2025[301]. - Federal income tax net operating loss carryforward related to U.S. operations was approximately $170.7 million as of December 31, 2024[393]. - The company reported state net operating loss carryforwards totaling approximately $196.9 million, with $147.6 million expiring between 2027 and 2044[394]. - The company had a business interest carryforward of approximately $264.2 million as of December 31, 2024, compared to $229.6 million in 2023, both of which can be carried forward indefinitely[396].
Three Supplements to Support Mental Health
Prnewswire· 2025-02-25 13:00
Core Insights - The article emphasizes the connection between physical and mental health, highlighting the benefits of specific supplements for mental well-being [3][7]. Company Overview - Life Time (NYSE: LTH) operates over 175 athletic country clubs in the U.S. and Canada, focusing on health and wellness through various programs and nutritional supplements [5]. - The company employs over 41,000 professionals and produces nearly 30 iconic athletic events across the country [5]. Supplement Insights - **B Vitamins**: Essential for brain function, B vitamins can alleviate symptoms of depression and anxiety, and improve cognitive function. A multivitamin with high-potency B-6 and B-12 is recommended for daily brain health support [7]. - **Magnesium**: Important for nerve transmission and muscle function, magnesium can reduce stress and improve sleep quality. A high-quality magnesium supplement is suggested for those not meeting dietary needs [7]. - **Omega-3 Fatty Acids**: Known for anti-inflammatory properties, omega-3s support brain health and mood improvement. A sustainably sourced fish oil supplement containing EPA and DHA is recommended [7].
Life Time Launches Complimentary Ultimate Protein Reset in Celebration of National Protein Day and to Kick Off National Nutrition Month
Prnewswire· 2025-02-24 13:01
Core Insights - Life Time is launching a complimentary 30-day program called the Ultimate Protein Reset starting March 3, aimed at helping individuals achieve their protein goals for overall well-being [1][3][4] - The program emphasizes the importance of protein not only for muscle building but also for sustained energy, recovery, and overall health [2][4] Program Details - The Ultimate Protein Reset will be accessible through the free Life Time app, providing participants with access to dietitian support, weekly education sessions, meal ideas, and shopping lists [3][5] - The program is designed to simplify protein intake and help individuals effectively fuel their bodies [4] Product Offerings - Life Time offers a variety of LTH protein products, including whey protein, vegan protein, and collagen supplements, catering to different dietary needs and preferences [5][7] - The company has established LTH as a trusted brand for nutritional supplements, featuring over 50 products including vitamins, fish oil, and electrolytes [5][8] Company Overview - Life Time operates more than 175 athletic country clubs across the U.S. and Canada, focusing on promoting healthy living and wellness through various programs and products [8] - The company employs over 41,000 professionals dedicated to supporting a wide range of age groups, from 90 days to over 90 years old [8]
Best Growth Stocks to Buy for February 21st
ZACKS· 2025-02-21 07:20
Group 1: Pitney Bowes Inc. (PBI) - The company has a Zacks Rank of 1, indicating strong performance potential [1] - The Zacks Consensus Estimate for its current year earnings has increased by 15.2% over the last 60 days [1] - Pitney Bowes has a PEG ratio of 0.59, significantly lower than the industry average of 2.75, suggesting strong growth potential relative to its valuation [1] - The company possesses a Growth Score of B, indicating favorable growth characteristics [1] Group 2: Life Time Group Holdings, Inc. (LTH) - The company also carries a Zacks Rank of 1, reflecting strong growth prospects [2] - The Zacks Consensus Estimate for its current year earnings has increased by 9.3% over the last 60 days [2] - Life Time Group Holdings has a PEG ratio of 0.70, which is lower than the industry average of 0.94, indicating a favorable growth outlook [2] - The company has a Growth Score of B, highlighting its growth potential [2] Group 3: Sonoco Products Company (SON) - Sonoco Products Company holds a Zacks Rank of 1, suggesting strong investment potential [3] - The Zacks Consensus Estimate for its current year earnings has increased by 16.8% over the last 60 days [3] - The company has a PEG ratio of 0.74, compared to the industry average of 1.32, indicating a strong growth outlook relative to its peers [3] - Sonoco Products Company possesses a Growth Score of B, reflecting its growth characteristics [3]
Life Time Group Holdings, Inc. (LTH) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
ZACKS· 2025-02-20 16:05
Core Viewpoint - Life Time Group Holdings, Inc. (LTH) is expected to report a year-over-year increase in earnings and revenues for the quarter ended December 2024, with a consensus outlook indicating a positive earnings picture [1][3]. Earnings Expectations - The consensus EPS estimate for Life Time Group Holdings is $0.21 per share, reflecting a year-over-year increase of +10.5% [3]. - Revenues are anticipated to reach $662.14 million, representing an 18.5% increase from the same quarter last year [3]. Estimate Revisions - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4]. - The Most Accurate Estimate for Life Time Group Holdings is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +4.76%, suggesting a bullish outlook from analysts [10]. Earnings Surprise Prediction - A positive Earnings ESP reading is a strong predictor of an earnings beat, especially when combined with a Zacks Rank of 1 (Strong Buy) [8]. - Life Time Group Holdings currently holds a Zacks Rank of 1, indicating a high likelihood of beating the consensus EPS estimate [11]. Historical Performance - In the last reported quarter, Life Time Group Holdings exceeded the expected EPS of $0.21 by delivering $0.26, resulting in a surprise of +23.81% [12]. - Over the past four quarters, the company has beaten consensus EPS estimates three times [13]. Industry Context - Another player in the leisure and recreation services industry, Planet Fitness (PLNT), is expected to report earnings of $0.62 per share for the same quarter, with a year-over-year change of +3.3% [17]. - Planet Fitness has an Earnings ESP of 1.35% and has consistently beaten consensus EPS estimates in the past four quarters [18].
Lithium Ionic Advances Towards Key Permitting Milestone for the Bandeira Lithium Project, Minas Gerais, Brazil
Globenewswire· 2025-02-19 12:00
TORONTO, Feb. 19, 2025 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce that the Minas Gerais State Department of Environment and Sustainable Development (“SEMAD”), the regulatory body responsible for environmental licensing in the state, has issued a favorable technical report recommending the approval of the Company's Concomitant Environmental, Installation, and Operational License (“LAC” or Licença Ambiental Concomitante ...
Life Time Recognized with Great Place to Work® Certification
Prnewswire· 2025-02-18 13:00
Nationally recognized accreditation underscores Company's outstanding work environmentCHANHASSEN, Minn., Feb. 18, 2025 /PRNewswire/ -- Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, today announced it's been recognized as a Great Place To Work certified company, the gold-standard certification based on anonymous team member feedback regarding its workplace culture. Life Time employs more than 41,000 team members across North America, with roles available at its 175+ athletic countr ...
Is Life Time Group Holdings (LTH) Stock Outpacing Its Consumer Discretionary Peers This Year?
ZACKS· 2025-02-14 15:41
The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Life Time Group Holdings, Inc. (LTH) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.Life Time Group Holdings, Inc. is a member of the Consumer Discretionary sector. This group includes 265 individual stocks and cu ...
Fifth Annual Ride of a Life Time Fundraiser Returns March 8 with Even More Ways to Move to Benefit Children's Health
Prnewswire· 2025-02-13 19:26
Annual charity event at Life Time destinations benefits Children's Miracle Network Hospitals® and local schools and conservation efforts nationwide via the Life Time Foundation; aims to top $1.5 million in 2025 CHANHASSEN, Minn., Feb. 13, 2025 /PRNewswire/ -- Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, is hosting its annual Ride of a Life Time charity indoor workout event at Life Time destinations nationwide on March 8. As it celebrates the fifth year of raising funds for Children's ...