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Life Time (LTH) - 2024 Q4 - Annual Results
LTHLife Time (LTH)2025-02-27 11:50

Revenue Growth - Total revenue estimated to increase 18.5% to 661−661-663 million for Q4 2024 and 18.2% to 2,619−2,619-2,621 million for the full year 2024[5][6] - FY 2025 total revenue estimated to increase 12.2% to 2,910−2,910-2,970 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 31−31-33 million for Q4 2024 and 98.4% to 150−150-152 million for the full year 2024[5][6] - FY 2025 net income estimated to increase 75.8% to 262−262-269 million[6][7] - Net income for Q4 2024 is estimated to be between 31millionand31 million and 33 million, compared to 23.7millioninQ42023[18]AdjustedEBITDAGrowth−AdjustedEBITDAestimatedtoincrease27.123.7 million in Q4 2023[18] Adjusted EBITDA Growth - Adjusted EBITDA estimated to increase 27.1% to 174-176millionforQ42024and25.7176 million for Q4 2024 and 25.7% to 674-676millionforthefullyear2024[5][6]−FY2025AdjustedEBITDAestimatedtoincrease14.1676 million for the full year 2024[5][6] - FY 2025 Adjusted EBITDA estimated to increase 14.1% to 760-780million[6][7]−AdjustedEBITDAforQ42024isprojectedtobebetween780 million[6][7] - Adjusted EBITDA for Q4 2024 is projected to be between 174 million and 176million,upfrom176 million, up from 137.7 million in Q4 2023[18] - Full-year 2024 Adjusted EBITDA is estimated to be between 674millionand674 million and 676 million, compared to 536.8millionin2023[18]−AdjustedEBITDAfor2025isforecastedtobebetween536.8 million in 2023[18] - Adjusted EBITDA for 2025 is forecasted to be between 760 million and 780million[21]MembershipandCenterExpansion−Centermembershipsincreasedby6.4780 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 1,932.9millionin2023[21]ExpensesandTaxes−Share−basedcompensationexpenseforQ42024isestimatedtobebetween1,932.9 million in 2023[21] Expenses and Taxes - Share-based compensation expense for Q4 2024 is estimated to be between 21 million and 20million,upfrom20 million, up from 13.1 million in Q4 2023[18] - Depreciation and amortization for Q4 2024 is projected to be between 70millionand70 million and 69 million, compared to 64.3millioninQ42023[18]−Interestexpense,netofinterestincomefor2025isexpectedtobebetween64.3 million in Q4 2023[18] - Interest expense, net of interest income for 2025 is expected to be between 94 million and 90million[21]−Provisionforincometaxesfor2025isestimatedtobebetween90 million[21] - Provision for income taxes for 2025 is estimated to be between 97 million and $100 million[21]