Life Time takes on fast food frenzy with free consumer app to support healthy livingCHANHASSEN, Minn., Dec. 18, 2024 /PRNewswire/ -- Countering the latest fast-food frenzy of free giveaways during the holiday season Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand with more than 175 athletic clubs across the U.S. and Canada, is giving away its app and a treasure trove of healthy living programs and content for free. As fast-food giants tempt taste buds with free burgers and fries, Life Ti ...

Life Time's Experience Life offers easy-to-implement solutions for evening workoutsCHANHASSEN, Minn., Dec. 17, 2024 /PRNewswire/ -- Exercise and rest go hand-in-hand, but those who exercise in the evenings may struggle to quiet their bodies and minds and prepare for sleep. To help promote the importance of both exercise and proper rest, Experience Life magazine, the award-winning publication of Life Time (NYSE: LTH), the nation's premier healthy way of life company, shares the following tips for transitioni ...

 Set in Atlanta's "City Forest in the Trees," new destination features an outdoor oasis with beach club and pool, twelve racquet courts and exquisite indoor wellness spaces ATLANTA, Dec. 16, 2024 /PRNewswire/ -- Life Time (NYSE: LTH), the nation's premier healthy lifestyle brand, is expanding its national footprint, this time in Atlanta with the opening of its newest location, Life Time North Druid Hills, on Monday, Dec. 16. The new location marks the eighth Life Time location in Atlanta and the first in De ...

Newly enhanced, complimentary digital resource uniquely helps schools remove unwanted ingredients in favor of healthier alternativesCHANHASSEN, Minn., Dec. 2, 2024 /PRNewswire/ -- In support of improved youth nutrition, the Life Time Foundation, the 501(c)(3) non-profit of Life Time (NYSE: LTH)  has announced enhancements to Green Onion. First launched in 2023, Green Onion is the only complimentary digital nutrition software designed to help school districts, purchasing cooperatives and food manufacturers a ...

In the wake of sky-high stock markets, one of the best things that investors can do at the moment is rotate more of our portfolios toward "growth at a reasonable price," or GARP stocks. As the rally in virtually every sector hasWith combined experience of covering technology companies on Wall Street and working in Silicon Valley, and serving as an outside adviser to several seed-round startups, Gary Alexander has exposure to many of the themes shaping the industry today. He has been a regular contributor on ...

Available to everyone on Life Time Digital, classes add to Life Time's expansive libraryCHANHASSEN, Minn., Nov. 21, 2024 /PRNewswire/ -- Expanding on its commitment to make health and wellness accessible to everyone, Life Time (NYSE: LTH) is launching 100 new on-demand classes and even more meditations via its complimentary app (available in Apple and Google stores). The additions bring users even more ways to get moving and be more mindful anytime, anywhere. 50 new videos are now available and will be foll ...

Represents the second Life Time in Boca Raton and sixth in Florida BOCA RATON, Fla., Nov. 19, 2024 /PRNewswire/ -- Life Time (NYSE: LTH) is expanding in South Florida with a planned second athletic country club in Boca Raton. Life Time West Boca will be located within the Uptown Boca mixed-use development and is expected to open in late 2025. Life Time is expanding in South Florida with a planned second athletic country club in Boca Raton. Life Time West Boca will be located within the Uptown Boca mixed ...

Open to anyone via the Life Time App at Noon CTCHANHASSEN, Minn., Nov. 12, 2024 /PRNewswire/ -- Life Time (NYSE: LTH), which continues to innovate in the performance and longevity space through its MIORA program, is hosting a complimentary livestream about men's hormonal health and balance on Nov. 13 at Noon CT.The livestream is available to everyone via the complimentary Life Time app, and will feature insights from Life Time Chief Science Officer James LaValle, MIORA Medical Director Dr. Gregory Pippert, ...

With decades of expertise, Life Time's LTH product development, formulation and production process ensures healthy ingredient profile, efficacy, safety and rigorous third-party testingCHANHASSEN, Minn., Nov. 4, 2024 /PRNewswire/ -- According to a new survey* commissioned by Life Time (NYSE: LTH), 71% of adults are overwhelmed by the variety of supplement choices or confused by information on the labels. Life Time has launched LTH, a new and rebranded line of supplements and wellness products, nutrition prog ...

Financial Performance - Total center revenue increased to $1,900.3 million for the nine months ended September 30, 2024, up from $1,608.3 million for the same period in 2023, indicating a growth of approximately 18.1%[82] - Adjusted net income for the three months ended September 30, 2024, was $56,278, compared to $26,684 for the same period in 2023, reflecting a 111.5% increase[101] - Adjusted EBITDA for the three months ended September 30, 2024, was $180,293, up 26.0% from $142,981 in the prior year[97] - Net income for the three months ended September 30, 2024, was $41.4 million, compared to $7.9 million for the same period in 2023[136] - Total revenue increased by $300.0 million for the nine months ended September 30, 2024, driven by strong growth in membership dues and in-center revenue[137] - Net income for the nine months ended September 30, 2024, was $119.1 million, compared to $52.4 million for the same period in 2023[148] Membership Growth - Total memberships increased to 876,509 from 830,039, representing a growth of 5.6% year-over-year[97] - Membership dues and enrollment fees for the three months ended September 30, 2024, reached $488,105, up 19.6% from $407,903 in the same period last year[97] - Memberships grew to 826,502 as of September 30, 2024, up from 784,331 a year earlier, indicating a positive trend in member acquisition[127] Revenue and Expenses - Center revenue increased by $106.4 million to $674.8 million for the three months ended September 30, 2024, with 75.4% of this increase attributed to membership dues and enrollment fees[127] - Center operations expenses rose by $51.7 million to $371.1 million for the three months ended September 30, 2024, primarily due to costs associated with new and ramping centers[129] - Center revenue increased by $292.0 million for the nine months ended September 30, 2024, with 76.6% attributed to membership dues and enrollment fees[138] - Center operations expenses rose by $152.4 million for the nine months ended September 30, 2024, primarily due to costs related to new and ramping centers[140] Capital Expenditures and Cash Flow - Free cash flow for the three months ended September 30, 2024, was $138,332, a significant recovery from a negative cash flow of $(30,274) in the same period last year[97] - Free cash flow for the nine months ended September 30, 2024, was $247.1 million, a significant recovery from a negative free cash flow of $(73.0) million in the same period of 2023[114] - Total capital expenditures decreased to $87.1 million for the nine months ended September 30, 2024, down from $192.9 million in the same period in 2023[159] Debt and Financing - The company raised $130.5 million from the issuance of 6.0 million shares of common stock in August 2024, using $110.0 million to pay down debt[150] - The company plans to incur new term loans of $1,000 million due in 2031, with proceeds used to fund the discharge of existing senior secured and unsecured notes[152] - The company’s leverage ratio has improved significantly as profitability increases, following a period of elevated debt due to the impacts of COVID-19[117] - Interest expense for the three months ended September 30, 2024, was $36.0 million, compared to $33.1 million in 2023, reflecting increased borrowing costs[125] Operational Expansion - The company plans to open 10 to 12 new locations on average per year, targeting affluent markets to enhance revenue per membership and returns on invested capital[82] - The company has 27 centers open for less than three years and nine new centers under construction, with significant capital expenditures already invested[82] - The company operates 15 Life Time Work and four Life Time Living locations, expanding its ecosystem to integrate health and wellness into daily life[85] Economic Factors - The company continues to monitor macroeconomic factors such as inflation and interest rates, which have impacted expenses but has still achieved revenue growth[86] - Each one percentage point change in interest rates would result in an approximately $6.5 million change in annual interest expense on the indebtedness under the Credit Facilities as of September 30, 2024[166] Cash Management - The net cash provided by operating activities increased by $81.0 million for the nine months ended September 30, 2024, compared to the same period in 2023, primarily due to improved business performance and profitability[156] - The company had total cash and cash equivalents of $120.9 million as of September 30, 2024, leading to total cash and availability under the Revolving Credit Facility of $529.7 million[155] - The company expects to meet its short-term and long-term obligations through a combination of cash on hand, operational cash flows, and available borrowing capacity under its Revolving Credit Facility[162] Shareholder Compensation - The company recognized share-based compensation expense of approximately $30.5 million for the nine months ended September 30, 2024, down from $37.0 million in the same period of 2023[120]