Core Insights - Life Time Group Holdings, Inc. reported preliminary estimated financial results for the fiscal third quarter ended September 30, 2024, indicating strong growth in revenue and net income [1][2][6] Financial Performance - Total revenue is estimated at $693.2 million, reflecting an 18.5% increase compared to the prior year quarter [2] - Net income is estimated at $41.4 million, a significant increase of 422.5% year-over-year [2] - Adjusted net income is estimated at $56.3 million, up 110.9% from the previous year [2] - Adjusted EBITDA is estimated at $180.3 million, representing a 26.1% increase year-over-year [2] Cash Flow and Liquidity - Net cash provided by operating activities for the quarter is estimated at $151.1 million, a 31.8% increase from the prior year [3] - Free cash flow is estimated at $138.3 million, which includes $65 million from sale-leaseback transactions [3] - As of September 30, 2024, total available liquidity was $529.8 million, including cash and cash equivalents [4] Debt Management - The net debt leverage ratio improved to an estimated 2.4 times as of September 30, 2024, down from 3.7 times a year earlier [4][19] - The company is launching a process to refinance its 5.750% Senior Secured Notes and 8.000% Senior Notes, both due in 2026 [1][2] Membership and Revenue Metrics - Center memberships at the end of the period reached 826,502, a 5.4% increase from the previous year [2] - Average center revenue per center membership increased to $815, up 12.9% year-over-year [2]

CHANHASSEN, Minn., Oct. 10, 2024 /PRNewswire/ -- As pickleball continues its meteoric rise as the fastestgrowing sport in America, Life Time (NYSE: LTH) is marking World Pickleball Day on October 10 by surpassing more than 750 permanent courts built at its athletic country clubs across North America, with hundreds more planned and under development. From the picturesque courts at Life Time Rancho San Clemente, Calif. (pictured) to the new pickleballfocused destination in Chanhassen, Minn. featuring indoor a ...

Latest issue of Experience Life magazine offers 100 big and small ideas to be active together CHANHASSEN, Minn., Oct. 3, 2024 /PRNewswire/ -- With families adjusting to the busyness of fall and back-to-school routines, finding time to stay active and maintain connection is more important than ever. To inspire families, Experience Life magazine, published by Life Time (NYSE: LTH), offers 100 ideas to incorporate more physical activity into their daily routines, fostering healthier, happier lives. The ideas f ...

CHANHASSEN, Minn., Oct. 2, 2024 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) today announced that its financial results for third quarter 2024 will be released before market open on Thursday, October 24, 2024. The Company will host a conference call at 10:00 a.m. ET the same day to discuss the results and provide a business update. How to Participate: Date: Thursday, October 24, 2024 Time: 10:00 a.m. ET (9:00 a.m. CT) U.S. dial-in number: 1-877-451-6152 Internati ...

CHANHASSEN, Minn., Sept. 30, 2024 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time," "we," "our," "us," or the "Company") (NYSE: LTH) today announced that it has closed on two sale-leaseback transactions for two properties for approximately $65 million in gross proceeds. Terms were similar to recent transactions. Additional details were not disclosed. These transactions bring the Company's total gross proceeds from sale-leasebacks to approximately $213 million year-to-date. Erik Weaver, Executive ...

Investors interested in Medical Services stocks are likely familiar with Life Time Group Holdings, Inc. (LTH) and PACS Group, Inc. (PACS) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive ea ...

CHANHASSEN, Minn., Sept. 23, 2024 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time," "we," "our," "us," or the "Company") (NYSE: LTH) today announced that its wholly-owned subsidiary, Life Time, Inc., has completed the refinancing of its revolving credit facility. Under the terms of the amended facility, the Company: Increased the commitments under the revolving credit facility from $475 million to $650 million; Reduced the floating interest rate per annum by 100 basis points to Term Secured Overn ...

New program emphasizes range of habits: 30 grams of protein per meal, daily movement, eliminating alcohol and more CHANHASSEN, Minn., Sept. 16, 2024 /PRNewswire/ -- Life Time (NYSE: LTH) today announced the launch of its newest program: The 30 Strong Challenge. Developed by Life Time's training experts and dietitians, this 30-day initiative was meticulously designed to help participants build sustainable healthy habits through daily nutrition and exercise goals. The complimentary challenge officially starts ...

Investors interested in Medical Services stocks are likely familiar with Life Time Group Holdings, Inc. (LTH) and PACS Group, Inc. (PACS) . But which of these two stocks offers value investors a better bang for their buck right now? We'll need to take a closer look. The best way to find great value stocks is to pair a strong Zacks Rank with an impressive grade in the Value category of our Style Scores system. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores hi ...

Event to support Augie's Quest and the Life Time Foundation CHANHASSEN, Minn., Sept. 12, 2024 /PRNewswire/ -- Life Time (NYSE: LTH) today announced the nationwide launch of Life Time x Augie's Quest GO90, a nationwide workout fundraiser to benefit both Augie's Quest to Cure ALS and the Life Time Foundation, two organizations that focus on ALS research and patient care, and youth nutrition, movement and conservation efforts respectively. GO90 will feature a variety of 90-minute, $25 donation class formats. E ...