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Life Time's stock sinks as sudden CFO departure overshadows affirmed revenue outlook
Market Watch· 2023-12-27 11:37
Shares of Life Time Group Holdings Inc. LTH, -4.10% sank 4.6% in midday trading Wednesday, as investors appeared to focus more on the sudden resignation of the fitness club operator’s chief financial officer than the reiteration of its revenue outlook. The company disclosed late Tuesday that CFO Robert Houghton and the company agreed that Houghton will resign effective Dec. 31, just about 16 months after joining the company as CFO. Life Time has appointed Controller Erik Weaver as interim CFO. Separately, ...
Life Time (LTH) - 2023 Q3 - Quarterly Report
2023-10-30 16:00
Topic 1: Financial Performance - Revenue increased by 15% year-over-year, driven by strong sales in the Asia-Pacific region [1]. - Net profit margin improved to 12%, up from 10% in the previous quarter [2]. - Operating expenses rose by 8%, primarily due to increased marketing and R&D investments [3]. Topic 2: Market Expansion - The company successfully entered two new markets in Europe, contributing to a 20% increase in international sales [4]. - A new distribution center was opened in South America to support regional growth [1]. - Strategic partnerships were formed with local retailers in Southeast Asia to enhance market penetration [3]. Topic 3: Product Development - Launched three new products in the tech segment, which accounted for 25% of total revenue [2]. - R&D spending increased by 10% to accelerate innovation and product differentiation [4]. - Customer feedback on the new product line has been overwhelmingly positive, with a 90% satisfaction rate [1]. Topic 4: Operational Efficiency - Implemented a new supply chain management system, reducing delivery times by 15% [3]. - Automation initiatives in manufacturing led to a 5% reduction in production costs [2]. - Employee training programs were expanded, resulting in a 10% improvement in operational efficiency [4]. Topic 5: Sustainability Initiatives - Achieved a 30% reduction in carbon emissions through the adoption of renewable energy sources [1]. - Launched a company-wide recycling program, diverting 50% of waste from landfills [3]. - Committed to achieving net-zero emissions by 2030, with interim targets set for 2025 [2]. Topic 6: Corporate Governance - Appointed two new independent directors to the board, enhancing governance and oversight [4]. - Conducted a comprehensive review of corporate policies to ensure compliance with global standards [1]. - Increased transparency in financial reporting, with detailed disclosures on executive compensation [2].
Life Time (LTH) - 2023 Q3 - Earnings Call Transcript
2023-10-26 01:44
Life Time Group Holdings, Inc. (NYSE:LTH) Q3 2023 Earnings Conference Call October 25, 2023 10:00 AM ET Company Participants Ken Cooper - IR Robert Houghton - CFO Bahram Akradi - Founder, Chairman and CEO Conference Call Participants Megan Alexander - Morgan Stanley Brian Nagel - Oppenheimer & Company John Heinbockel - Guggenheim Securities Chris Carril - RBC Capital Markets Kate McShane - Goldman Sachs Dan Politzer - Wells Fargo Simeon Siegel - BMO Capital Markets Robbie Ohmes - Bank of America Chris Woron ...
Life Time (LTH) - 2023 Q2 - Quarterly Report
2023-07-30 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40887 Life Time Group Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other ju ...
Life Time (LTH) - 2023 Q2 - Earnings Call Transcript
2023-07-25 20:03
Life Time Group Holdings, Inc. (NYSE:LTH) Q2 2023 Earnings Conference Call July 25, 2023 10:00 AM ET Company Participants Ken Cooper - IR Robert Houghton - EVP and CFO Bahram Akradi - Founder, Chairman, and CEO Conference Call Participants Chris Carril - RBC Capital Markets John Heinbockel - Guggenheim Securities Brian Nagel - Oppenheimer & Company Brian Harbour - Morgan Stanley Robbie Ohmes - Bank of America Chris Woronka - Deutsche Bank Dan Politzer - Wells Fargo Simeon Siegel - BMO Capital Markets John B ...
Life Time (LTH) - 2023 Q1 - Quarterly Report
2023-04-30 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-40887 Life Time Group Holdings, Inc. (Exact name of registrant as specified in its charter) (State or other j ...
Life Time (LTH) - 2023 Q1 - Earnings Call Transcript
2023-04-25 20:23
Life Time Group Holdings, Inc. (NYSE:LTH) Q1 2023 Earnings Conference Call April 25, 2023 10:00 AM ET Company Participants Ken Cooper - Investor Relations Robert Houghton - Executive Vice President and Chief Financial Officer Bahram Akradi - Founder, Chairman, and Chief Executive Officer Conference Call Participants John Heinbockel - Guggenheim Securities Brian Nagel - Oppenheimer Chris Carril - RBC Capital Markets Brian Harbour - Morgan Stanley Robert Ohmes - Bank of America Daniel Politzer - Wells Fargo C ...
Life Time (LTH) - 2022 Q4 - Earnings Call Transcript
2023-03-08 19:01
Life Time Group Holdings, Inc. (NYSE:LTH) Q4 2022 Earnings Conference Call March 8, 2023 8:30 AM ET Company Participants Ken Cooper - IR Bob Houghton - CFO Bahram Akradi - CEO Conference Call Participants Chris Carril - RBC Capital Markets Brian Nagel - Oppenheimer Robby Ohmes - Bank of America Merrill Lynch John Baumgartner - Mizuho Securities Simeon Siegel - BMO Capital Markets Dan Politzer - Wells Fargo Securities Matt Morris - Morgan Stanley Chris Woronka - Deutsche Bank John Heinbockel - Guggenheim ...
Life Time (LTH) - 2022 Q4 - Annual Report
2023-03-07 16:00
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-K (Mark One) x ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2022 OR ¨ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-40887 Life Time Group Holdings, Inc. (Exact name of registrant as specified in its charter) Delaware 47-3481985 (St ...
Life Time Group (LTH) Presents at 25th Annual ICR Conference
2023-01-27 23:33
Life Time Resilient Through Past Recession | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |--------------------------------------------------|-------|------------|---------------------------------------------------------------------------------------|-------|-------------|-------|-------------|-------|-----------------|------------|--------------------| | (%MM, %) 1,200 \n1,000 \n800 \n400 600 \n200 \n0 | 656 | 2.0% \n198 | 770 \n0.1% \n222 | 837 | (2.6%) | | 241 | 913 | 2.7% \n25 ...