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Life Time (LTH) - 2024 Q2 - Earnings Call Transcript
2024-08-04 11:40
Life Time Group Holdings, Inc. (NYSE:LTH) Q2 2024 Earnings Conference Call August 1, 2024 10:00 AM ET Company Participants Ken Cooper - Investor Relations Bahram Akradi - Founder, Chairman and CEO Erik Weaver - SVP, Interim CFO and CAO Conference Call Participants Alexander Perry - Bank of America Louise Doss - Morgan Stanley John Heinbockel - Guggenheim Brian Nagel - Oppenheimer & Company Simeon Siegel - BMO Capital Markets Owen Rickert - Northland Securities Alex Fuhrman - Craig-Hallum Capital Group Logan ...
Life Time (LTH) - 2024 Q2 - Quarterly Report
2024-08-01 20:34
Table of Contents Title of Each Class Trading Symbol Name of Each Exchange on Which Registered Common stock, par value $0.01 per share LTH The New York Stock Exchange 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, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition peri ...
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 ...