Life Time (LTH) - 2024 Q4 - Annual Results

Revenue Growth - Total revenue estimated to increase 18.5% to $661-$663 million for Q4 2024 and 18.2% to $2,619-$2,621 million for the full year 2024[5][6] - FY 2025 total revenue estimated to increase 12.2% to $2,910-$2,970 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-$33 million for Q4 2024 and 98.4% to $150-$152 million for the full year 2024[5][6] - FY 2025 net income estimated to increase 75.8% to $262-$269 million[6][7] - Net income for Q4 2024 is estimated to be between $31 million and $33 million, compared to $23.7 million in Q4 2023[18] Adjusted EBITDA Growth - Adjusted EBITDA estimated to increase 27.1% to $174-$176 million for Q4 2024 and 25.7% to $674-$676 million for the full year 2024[5][6] - FY 2025 Adjusted EBITDA estimated to increase 14.1% to $760-$780 million[6][7] - Adjusted EBITDA for Q4 2024 is projected to be between $174 million and $176 million, up from $137.7 million in Q4 2023[18] - Full-year 2024 Adjusted EBITDA is estimated to be between $674 million and $676 million, compared to $536.8 million in 2023[18] - Adjusted EBITDA for 2025 is forecasted to be between $760 million and $780 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 $1,932.9 million in 2023[21] Expenses and Taxes - Share-based compensation expense for Q4 2024 is estimated to be between $21 million and $20 million, up from $13.1 million in Q4 2023[18] - Depreciation and amortization for Q4 2024 is projected to be between $70 million and $69 million, compared to $64.3 million in Q4 2023[18] - Interest expense, net of interest income for 2025 is expected to be between $94 million and $90 million[21] - Provision for income taxes for 2025 is estimated to be between $97 million and $100 million[21]