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 ...

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]

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]

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 ...

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]

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]

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]

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]

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].

Revenue Growth - Total revenue estimated to increase 18.5% to $661-$663 million for Q4 2024 and 18.2% to $2,619-$2,621 million for the full year 2024[5][6] - FY 2025 total revenue estimated to increase 12.2% to $2,910-$2,970 million[6][7] - Comparable center revenue growth expected to be 7% to 8% in 2025[13] Net Income Growth - Net income estimated to increase 35.0% to $31-$33 million for Q4 2024 and 98.4% to $150-$152 million for the full year 2024[5][6] - FY 2025 net income estimated to increase 75.8% to $262-$269 million[6][7] - Net income for Q4 2024 is estimated to be between $31 million and $33 million, compared to $23.7 million in Q4 2023[18] Adjusted EBITDA Growth - Adjusted EBITDA estimated to increase 27.1% to $174-$176 million for Q4 2024 and 25.7% to $674-$676 million for the full year 2024[5][6] - FY 2025 Adjusted EBITDA estimated to increase 14.1% to $760-$780 million[6][7] - Adjusted EBITDA for Q4 2024 is projected to be between $174 million and $176 million, up from $137.7 million in Q4 2023[18] - Full-year 2024 Adjusted EBITDA is estimated to be between $674 million and $676 million, compared to $536.8 million in 2023[18] - Adjusted EBITDA for 2025 is forecasted to be between $760 million and $780 million[21] Membership and Center Expansion - Center memberships increased by 6.4% to 812,062 at the end of 2024 compared to 763,216 in 2023[5] - The company plans to open 10-12 new centers in 2025[13] Debt and Leverage - Net debt to Adjusted EBITDA leverage ratio estimated to be reduced to approximately 2.27 times[6] - Net Debt to Adjusted EBITDA Leverage Ratio improved to 2.27x in 2024 from 3.6x in 2023[21] - Total Debt decreased to $1,536.4 million in 2024 from $1,932.9 million in 2023[21] Expenses and Taxes - Share-based compensation expense for Q4 2024 is estimated to be between $21 million and $20 million, up from $13.1 million in Q4 2023[18] - Depreciation and amortization for Q4 2024 is projected to be between $70 million and $69 million, compared to $64.3 million in Q4 2023[18] - Interest expense, net of interest income for 2025 is expected to be between $94 million and $90 million[21] - Provision for income taxes for 2025 is estimated to be between $97 million and $100 million[21]