Financial Data and Key Metrics Changes - Adjusted net income for Q1 2024 was $30.5 million, an increase of $7.3 million compared to Q1 2023 [47] - Adjusted EBITDA increased by 21.6% to $146 million, with an adjusted EBITDA margin of 24.5%, up 100 basis points from Q1 2023 [47][54] - Total revenue for Q1 2024 increased by 16.8% to $596.7 million, driven by a 19% increase in membership dues and enrollment fees [70] Business Line Data and Key Metrics Changes - Access memberships increased by 5% to over 802,000, with total memberships reaching approximately 853,000 [50] - Average monthly dues rose to $186, a 12.7% increase from the previous year [50] Market Data and Key Metrics Changes - The company reported a reduction in net debt to adjusted EBITDA leverage to 3.6 times, down from 5.2 times in the prior year [72] - Net cash provided by operating activities increased by 21.7% to $90.4 million compared to Q1 2023 [51] Company Strategy and Development Direction - The company is focused on growing revenue and adjusted EBITDA, with a revised revenue guidance of $2.5 billion to $2.53 billion and adjusted EBITDA guidance of $603 million to $618 million for the year [56] - The company aims to maintain a balanced approach to membership pricing and retention, with a focus on delivering high-quality member experiences [25][39] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the business's health, noting record retention rates and strong engagement in personal training [10][39] - The company anticipates continued growth in cash flow and plans to reduce net debt leverage ratio below three times by the end of the year [57] Other Important Information - The company is planning an Investor and Analyst Day on May 30 to discuss key milestones and investor topics [2] - Management emphasized the importance of not overestimating future membership growth based on current performance [7] Q&A Session Summary Question: What is the outlook for membership growth and pricing? - Management indicated that membership pull forward into Q1 was a factor, and they are cautious about future growth expectations [6][9] Question: How are operating expenses trending? - Management acknowledged a slight increase in operating expenses but noted that it was anticipated and part of their strategic plan [13][14] Question: What is the company's approach to new club openings? - Management stated that new clubs are expected to generate higher revenue per square foot, despite increased construction costs [22][23] Question: How is the company addressing debt and balance sheet management? - Management is actively working on plans to address upcoming debt due in early 2026 and expects to improve interest rates for future financing [92][93] Question: What are the early performance metrics for recent club launches? - Management reported record-breaking numbers for new clubs, achieving positive contribution margins faster than in previous years [110]

Life Time Group Holdings, Inc. (LTH) came out with quarterly earnings of $0.15 per share, missing the Zacks Consensus Estimate of $0.16 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -6.25%. A quarter ago, it was expected that this company would post earnings of $0.09 per share when it actually produced earnings of $0.19, delivering a surprise of 111.11%.Over the last four quarter ...

LaValle to advance scientific strategies and initiatives as part of Life Time's revolutionary MIORA longevity and performance program and clinicCHANHASSEN, Minn., April 29, 2024 /PRNewswire/ -- Life Time (NYSE: LTH) today announced the appointment of James LaValle, clinical pharmacist, C.C.N.M.T. as Chief Science Officer. LaValle will spearhead the development and implementation of scientific initiatives and strategic relationships to support MIORA, Life Time's new longevity and performance program launched ...

Expands Life Time's footprint to 32 locations in TexasDALLAS, April 26, 2024 /PRNewswire/ -- Life Time (NYSE: LTH) continues its growth in Texas with two new athletic country clubs opening in the coming months. Located in Irving, Life Time Las Colinas opens April 26. Later this summer, the nearby Life Time Westlake will debut. A waitlist is now open. The nearly 110,000-square-foot, two-story Life Time Las Colinas club features everything one can think of to live a healthy, happy life for themselves and t ...

37,000-square-foot Life Time Atlantic Avenue adds high-end wellness experiences to 51-story Brooklyn Crossing development and residences in Prospect HeightsNEW YORK, April 22, 2024 /PRNewswire/ -- Life Time (NYSE: LTH) is continuing its expansion across New York with the opening Life Time Atlantic Avenue in Brooklyn. The new 37,000-square-foot athletic country club is located at the Brooklyn Crossing development in Prospect Heights and comes just days after the April 15 debut of  Life Time PENN 1, featuring ...

Annual charity event at Life Time destinations benefits children's hospitals, local youth health initiatives and conservation efforts nationwide; more than $2.7 million raised to date CHANHASSEN, Minn., April 18, 2024 /PRNewswire/ -- As the health of our nation's children continues to diminish, Life Time (NYSE: LTH) is continuing efforts to drive positive change through its Ride of a Life Time charity cycle event occurring Saturday, April 27 across its portfolio of athletic country clubs. As the health o ...

Life Time expert breaks down the 7 types of rest for full-body wellnessCHANHASSEN, Minn., April 17, 2024 /PRNewswire/ -- Like any well-operating machine, the human body needs downtime in order to rest and recharge. For many, resting seems indulgent or nonproductive; but without rest, our bodies run the risk of shutting down.April is National Stress Awareness Month and to help understand the powerful mind-body connection in wellness, Tory Schaefer, Life Time's Senior Director of Yoga, explores the signs you ...

70 instructional videos from game basics to advanced techniques now available for rapidly growing base of Life Time members on the Life Time app   CHANHASSEN, Minn., April 16, 2024 /PRNewswire/ -- Life Time (NYSE: LTH), the nation's largest provider of pickleball courts, programming and leagues, today announced it has teamed up with pickleball pros Ben and Collin Johns to provide members from beginner to advanced a series of 70 instructional videos to help take their game to the next level.Lining up with Ap ...

Life Time PENN 1 covers 54,000 square feet with debut of seven, street level pickleball courts and massive group training space; adds to boutique studios, recovery and rejuvenation floorsNEW YORK, April 15, 2024 /PRNewswire/ -- As New Yorkers' passion for pickleball and all things wellness continues to grow, Life Time (NYSE: LTH), is bringing an entirely new experience to office workers, commuters and neighborhood residents in the heart of THE PENN DISTRICT, with the opening of Life Time PENN 1 on April 15. ...

Chanhassen, Minn-based development offers 15 courts, viewing areas, bar and lounge, and luxurious dressing rooms all surrounded in a luxurious experience and adjacent to full-amenity clubCHANHASSEN, Minn., April 8, 2024 /PRNewswire/ -- Life Time (NYSE: LTH) is celebrating National Pickleball Month with the opening of its first dedicated, ground-up pickleball development on April 8, 2024.Life Time Chanhassen Pickleball is located adjacent to the Life Time Chanhassen, Minn., athletic country club and the Comp ...