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Life Time Group Holdings, Inc. (LTH) Q2 Earnings and Revenues Top Estimates
ZACKS· 2024-08-01 12:55
Life Time Group Holdings, Inc. (LTH) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 56.25%. A quarter ago, it was expected that this company would post earnings of $0.16 per share when it actually produced earnings of $0.15, delivering a surprise of -6.25%. Over the last four quarte ...
Life Time (LTH) - 2024 Q2 - Quarterly Results
2024-08-01 11:05
Exhibit 99.1 TIME FOR IMMEDIATE RELEASE Life Time Reports Second Quarter 2024 Financial Results • Total revenue of $667.8 million increased 18.9% over the prior year quarter • Net income of $52.8 million increased by $35.8 million over the prior year quarter • Adjusted EBITDA of $173.5 million increased by 27.6% over the prior year quarter • Diluted EPS increased to $0.26 • Achieved positive free cash flow • Reduced net debt leverage ratio to 3.0 times CHANHASSEN, Minn. (August 1, 2024) – Life Time Group Ho ...
Life Time Names Erik Weaver Chief Financial Officer
Prnewswire· 2024-08-01 11:00
CHANHASSEN, Minn., Aug. 1, 2024 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time," "we," "our," or the "Company") (NYSE: LTH) today announced that Erik Weaver has been appointed Executive Vice President & Chief Financial Officer effective today, August 1, 2024. Mr. Weaver had served as the Company's Interim Chief Financial Officer since January 1, 2024. Mr. Weaver joined the Company in 2004 and has served in increasing roles of responsibility, including as the Company's Assistant Controller from 2 ...
Life Time Reports Second Quarter 2024 Financial Results
Prnewswire· 2024-08-01 10:45
Total revenue of $667.8 million increased 18.9% over the prior year quarter Net income of $52.8 million increased by $35.8 million over the prior year quarter Adjusted EBITDA of $173.5 million increased by 27.6% over the prior year quarter Diluted EPS increased to $0.26 Achieved positive free cash flow Reduced net debt leverage ratio to 3.0 times CHANHASSEN, Minn., Aug. 1, 2024 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time," "we," "our," "us," or the "Company") (NYSE: LTH) today announced its f ...
Life Time Reveals Transformed Harbour Island Athletic Club in Tampa on July 9
Prnewswire· 2024-07-09 12:45
More than 186,000 square feet covers indoor athletic club and outdoor space with 20 pickleball and tennis courts, beach club with lap and kids splash pools, cold plunge, basketball and more TAMPA, Fla., July 9, 2024 /PRNewswire/ -- With a wait list topping 10,000, Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, announces the highly anticipated opening of its newest Florida destination, Life Time Harbour Island, located at 900 South Harbour Island Blvd. on July 9. Life Time's arrival in ...
Life Time to Report Second Quarter 2024 Financial Results August 1
Prnewswire· 2024-07-02 12:00
CHANHASSEN, Minn., July 2, 2024 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) today announced that its financial results for second quarter 2024 will be released before market open on Thursday, August 1, 2024. The Company will host a conference call at 10:00 a.m. ET that day to discuss the results and provide a business update. Replay Information: Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of more than 170 athletic cou ...
Life Time Closes on $90 Million Sale-Leaseback Transaction
Prnewswire· 2024-07-01 10:45
CHANHASSEN, Minn., July 1, 2024 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) announced that on Friday, June 28, 2024, it closed on a sale-leaseback transaction for two properties totaling $90 million in gross proceeds. This transaction brings the Company's total gross proceeds from sale-leasebacks to $130 million year-to-date. The Company is also in negotiations for additional sale-leasebacks with expected gross proceeds of $40-$65 million, which it expects to cl ...
From Our Dads to Yours: Life Time Trainers Share Father's Day Health Tips
Prnewswire· 2024-06-14 17:26
This year, we're highlighting tips from three of our top personal trainers who are not only fitness professionals, but dedicated fathers of babies to adults. From mental health to setting a routine and healthy eating, these trainers have several tips to help inspire positive change. "Life changes each stage of your children's life and you need to be nimble with your expectations," Edberg says. "Workouts might get shortened or missed and that doesn't mean you fall off or throw your hands up. It means doing y ...
Life Time to Participate in June Investor Conferences
Prnewswire· 2024-05-31 17:49
CHANHASSEN, Minn., May 31, 2024 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) today announced the Company will participate in three upcoming investor conferences during June. June 3 – Morgan Stanley 2nd Annual Travel & Leisure Conference Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of more than 170 athletic country clubs across the United States and Canada. The health and wellness pioneer also delivers a range of healthy ...
Life Time Closes on $40 Million Sale-Leaseback Transaction
prnewswire.com· 2024-05-29 20:30
Life Time (NYSE: LTH) empowers people to live healthy, happy lives through its portfolio of more than 170 athletic country clubs across the United States and Canada. The health and wellness pioneer also delivers a range of healthy way of life programs and information via its complimentary Life Time Digital app. The Company's healthy living, healthy aging, healthy entertainment communities and ecosystem serve people 90 days to 90+ years old and is supported by a team of more than 39,000 dedicated professiona ...