Life Time (LTH)
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Life Time (LTH) - 2025 Q1 - Quarterly Report
2025-05-08 11:01
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, 2025 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) - 2025 Q1 - Quarterly Results
2025-05-08 10:53
Exhibit 99.1 FOR IMMEDIATE RELEASE Life Time Reports First Quarter 2025 Financial Results CHANHASSEN, Minn. (May 8, 2025) – Life Time Group Holdings, Inc. ("Life Time," "we," "our," "us," or the "Company") (NYSE: LTH) today announced its financial results for the fiscal first quarter ended March 31, 2025. Bahram Akradi, Founder, Chairman and CEO, stated: "We continue to see increased member engagement, with visits and revenue per membership at new highs. The desirability of the Life Time brand is evident in ...
Life Time Reports First Quarter 2025 Financial Results
Prnewswire· 2025-05-08 10:45
Core Insights - Life Time Group Holdings, Inc. reported strong financial results for the fiscal first quarter ended March 31, 2025, with total revenue reaching $706.0 million, an increase of 18.3% compared to the prior year quarter [3][6][7] - The company experienced significant growth in net income, which increased by 205.6% to $76.1 million, and adjusted net income rose by 188.9% to $88.1 million [3][6][13] - Life Time's balance sheet remains robust, with a net debt leverage ratio improved to 2.0 times, down from 3.6 times a year earlier, and total available liquidity of $678.2 million [14][6] Financial Performance - Total revenue for the first quarter of 2025 was $706.0 million, up from $596.7 million in the same quarter of 2024, driven by increased membership dues and in-center revenue [3][6][7] - Net income surged to $76.1 million from $24.9 million year-over-year, while adjusted EBITDA increased by 31.2% to $191.6 million [3][6][13] - Average center revenue per center membership rose by 13.3% to $844, reflecting higher member engagement and utilization [3][7] Membership and Engagement - Center memberships increased by 3.0% year-over-year, totaling 826,374 as of March 31, 2025, with total subscriptions, including on-hold memberships, rising by 3.1% to 879,751 [3][7][32] - The company reported higher visits per membership, indicating strong member engagement and satisfaction [7][2] Capital Expenditures and Growth Initiatives - Capital expenditures for the first quarter totaled $142.5 million, a decrease of 9.1% from the previous year, with growth capital expenditures at $93.5 million [10][13] - Life Time opened one new center during the quarter, bringing the total to 180 centers, and plans to remodel three recently acquired properties [13][6] 2025 Outlook - The company raised its full-year 2025 guidance, projecting revenue between $2,940 million and $2,980 million, representing a 12.9% increase from the previous year [15][17] - Adjusted EBITDA is expected to grow significantly, driven primarily by dues revenue growth and expanded operating leverage [17][15]
Lithium Ionic Reports Updated Mineral Resource Estimate at its Bandeira Lithium Project, Minas Gerais, Brazil; Significantly Increases Global Mineral Resources in the Lithium Valley
Globenewswire· 2025-05-06 11:00
TORONTO, May 06, 2025 (GLOBE NEWSWIRE) -- Lithium Ionic Corp. (TSXV: LTH; OTCQX: LTHCF; FSE: H3N) (“Lithium Ionic” or the “Company”) is pleased to announce an updated mineral resource estimate (“MRE”) for its 100%-owned Bandeira Lithium Project (“Bandeira” or the “Project”) located in Minas Gerais, Brazil. Bandeira is the Company’s flagship property, located in Brazil’s “Lithium Valley”, a rapidly emerging hard rock lithium district renowned for its significant concentration of lithium-bearing pegmatites. P ...
These 5 Buy-Ranked Mid-Cap Stocks Are Flying High Year to Date
ZACKS· 2025-04-30 13:26
Market Overview - Wall Street has experienced significant volatility in 2025, with all three major stock indexes (Dow, S&P 500, Nasdaq Composite) in negative territory year to date [1] - Small-cap benchmarks (Russell 2000, S&P 600) and mid-cap-specific S&P 400 Index are also in the red year to date [1] High-Performing Mid-Cap Stocks - Despite market headwinds, five mid-cap stocks have provided over 25% returns year to date: ADMA Biologics Inc. (ADMA), FirstCash Holdings Inc. (FCFS), Stride Inc. (LRN), Life Time Group Holdings Inc. (LTH), and National Fuel Gas Co. (NFG) [2] - These stocks exhibit strong revenue and earnings growth potential for 2025, with positive earnings estimate revisions over the last 60 days [3] ADMA Biologics Inc. - ADMA Biologics specializes in plasma-based biologics for treating and preventing infectious diseases, targeting immune-compromised individuals [7][8] - Expected revenue growth rate is 16.3% and earnings growth rate is 44.9% for the current year, with a 2.9% improvement in earnings estimates over the last 60 days [9] FirstCash Holdings Inc. - FirstCash operates retail pawn stores across the U.S., Mexico, and Latin America, providing loans against personal property and retailing forfeited merchandise [10][11] - Expected revenue growth rate is 0.2% and earnings growth rate is 17.2% for the current year, with a 2.6% improvement in earnings estimates over the last seven days [13] Stride Inc. - Stride is a technology-based education service company offering online curriculum and educational services [14] - Expected revenue growth rate is 14.9% and earnings growth rate is 48.4% for the current year, with a 4.3% improvement in earnings estimates over the last 30 days [16] Life Time Group Holdings Inc. - Life Time provides health, fitness, and wellness experiences, operating various fitness and recreation centers [17][18] - Expected revenue growth rate is 12.9% and earnings growth rate is 37.9% for the current year, with a 6.5% improvement in earnings estimates over the last 60 days [19] National Fuel Gas Co. - National Fuel Gas focuses on systematic investments to strengthen operations and reduce emissions, with significant capital investments planned [20][21] - Expected revenue growth rate is 31.5% and earnings growth rate is 39.1% for the current year, with a 1.9% improvement in earnings estimates over the last 60 days [22][23]
Life Time Foundation Expands Support of American Forests
Prnewswire· 2025-04-22 14:00
Core Points - The Life Time Foundation has provided a $300,000 grant to American Forests for reforestation efforts in California's Stanislaus National Forest, specifically targeting the Rim Fire burn scar [1][2] - The grant will facilitate the planting of over 100,000 climate-resilient trees, aimed at stabilizing soils, improving water quality, and creating habitats for native wildlife [2][3] - The Rim Fire, which occurred in 2013, burned over 257,000 acres and severely impacted the Tuolumne River Watershed, necessitating active landscape management and restoration efforts [2][3] Company Overview - The Life Time Foundation is a 501c(3) nonprofit organization focused on promoting healthy lifestyles through initiatives in youth nutrition, physical activity, and environmental conservation [6] - American Forests, established in 1875, is the first national nonprofit conservation organization in the U.S., dedicated to creating resilient forests that provide essential benefits for climate, people, water, and wildlife [7] Environmental Commitment - The partnership between the Life Time Foundation and American Forests emphasizes a science-backed approach to post-fire restoration, including seed collection, project planning, and monitoring [3][4] - The Life Time Foundation aims to foster a healthy planet by collaborating with nonprofit organizations to enhance environmental education and conservation efforts [4]
Life Time to Report First Quarter 2025 Financial Results on May 8, 2025
Prnewswire· 2025-04-10 13:16
CHANHASSEN, Minn., April 10, 2025 /PRNewswire/ -- Life Time Group Holdings, Inc. ("Life Time" or the "Company") (NYSE: LTH) today announced that its financial results for first quarter 2025 will be released before market open on Thursday, May 8, 2025. The Company will host a conference call at 10:00 a.m. ET that day to discuss the financial results and provide a business update.How to Participate: Date: Thursday, May 8, 2025 Time: 10:00 a.m. ET (9:00 a.m. CT) U.S. dial-in number: 1-877-451-6152 Internationa ...
Lithium Ionic Engages RTEK to Support Construction and Operational Readiness of Bandeira Project; Announces Leadership Transition to Strengthen Project Execution
Globenewswire· 2025-04-02 13:09
Core Viewpoint - Lithium Ionic Corp. has engaged RTEK International DMCC as a strategic advisor to accelerate the development of its Bandeira Lithium Project in Brazil's Lithium Valley, transitioning from feasibility to construction and operations [1][13]. Company Overview - Lithium Ionic is a Canadian mining company focused on exploring and developing lithium properties in Brazil, with its Bandeira Project positioned in a promising lithium district [15]. RTEK's Expertise - RTEK is recognized for its extensive technical and operational expertise in the lithium sector, boasting over 80 years of combined experience in various aspects of lithium project execution [2][3]. - The RTEK team includes industry veterans with proven track records in optimizing project timelines and reducing capital intensity, which will be crucial for the Bandeira Project [2][5]. Project Development Strategy - RTEK will conduct a detailed review of Lithium Ionic's NI 43-101 Feasibility Study to identify optimization opportunities in plant and mine design, aiming to reduce CAPEX and OPEX while compressing the development timeline [3][10]. - The partnership will also focus on developing a comprehensive operational strategy, including process optimization and overseeing ramp-up activities for production performance [4][10]. Leadership Changes - Lithium Ionic has appointed Mike Westendorf as Chief Operating Officer, who has over two decades of experience in the mining industry and has significantly contributed to advancing the Bandeira Project [14]. Financial Considerations - The RTEK Agreement includes provisions for cash payments and potential share compensation based on achieving specific operational milestones, such as reducing project CAPEX [11][12]. Project Potential - The Bandeira Project is rapidly emerging as one of Brazil's most promising lithium assets, with a robust feasibility study indicating strong economics and a near-term path to production [13].
Life Time Announces New Mountain Bike and Run Event - Coldwater Trail - in Northeast Alabama on Oct. 24 & 25
Prnewswire· 2025-03-28 15:00
Core Viewpoint - Life Time is launching the Coldwater Trail MTB & Run event in Anniston, Alabama, on October 24 and 25, 2025, which will serve as a qualifying race for the Leadville Trail series, expanding the company's portfolio of athletic events [1][7]. Group 1: Event Details - The Coldwater Trail MTB & Run will feature 50K and 100K distances for mountain bikers and 15K and 50K distances for runners, showcasing over 4,000 acres of the Coldwater Mountain Trail System [2]. - The event aims to attract both competitive and recreational participants, offering a variety of race categories and highlighting the area's natural beauty and technical challenges [5]. Group 2: Community and Investment - The event is part of a broader investment in outdoor recreation in Anniston, with over $4 million invested in the Coldwater Mountain Trail area from various sources, including the City of Anniston and state grants [5]. - Innovate Alabama has invested nearly $20 million in outdoor recreation infrastructure across the state, with Coldwater Mountain being a key project, validating the community's efforts in promoting outdoor activities [6]. Group 3: Company Background - Life Time operates more than 175 athletic country clubs across the U.S. and Canada and hosts nearly 30 iconic athletic events, emphasizing its commitment to promoting healthy lifestyles [9].
Tens of Thousands Anticipated to Play Pickleball Simultaneously Across North America During Inaugural Agassi Open Play Day on April 12
Prnewswire· 2025-03-26 20:39
Core Insights - Life Time is hosting the Inaugural Agassi Open Play Day on April 12, 2025, to celebrate National Pickleball Month, inviting thousands of players for simultaneous open play across its athletic country clubs [1][2][3] - The company has established itself as a leader in the pickleball space, operating 785 dedicated pickleball courts and engaging over 48.3 million players annually [2][3] - Tennis legend Andre Agassi will participate in the event, aiming to enhance community engagement and expand access to the sport [3] Company Initiatives - Life Time has made significant investments in pickleball, including launching the LT Ultimate Pickleball, a durable and consistent ball, and establishing partnerships with JOOLA and lululemon for premium equipment [7] - The company has released 70 instructional videos featuring elite players, available for free on the Life Time app, to promote skill development in the sport [7] - A portion of the proceeds from the Agassi Open Play Day will benefit the Life Time Foundation, which supports youth nutrition, movement, and conservation efforts [4]