Life Time (US:LTH) Prnewswireยท2025-01-16 11:45Core Viewpoint - Life Time Group Holdings, Inc. reported strong preliminary financial results for Q4 and full-year fiscal 2024, indicating robust member engagement and retention, which are key growth drivers. The company also provided guidance for fiscal 2025, projecting continued revenue and income growth [2][4]. Financial Performance - Total revenue for Q4 2024 is estimated to be between $661 million and $663 million, reflecting an 18.5% increase from $558.8 million in Q4 2023. For the full year, total revenue is projected to be between $2,619 million and $2,621 million, an 18.2% increase from $2,216.6 million in 2023 [3][5]. - Net income for Q4 2024 is estimated to be between $31 million and $33 million, a 35.0% increase from $23.7 million in Q4 2023. For the full year, net income is projected to be between $150 million and $152 million, a 98.4% increase from $76.1 million in 2023 [3][5]. - Adjusted EBITDA for Q4 2024 is estimated to be between $174 million and $176 million, a 27.1% increase from $137.7 million in Q4 2023. For the full year, adjusted EBITDA is projected to be between $674 million and $676 million, a 25.7% increase from $536.8 million in 2023 [3][5]. Fiscal 2025 Guidance - The company expects total revenue for fiscal 2025 to be between $2,910 million and $2,970 million, representing a 12.2% increase from the estimated revenue for fiscal 2024 [4][5]. - Net income for fiscal 2025 is projected to be between $262 million and $269 million, a 75.8% increase from the estimated net income for fiscal 2024 [4][5]. - Adjusted EBITDA for fiscal 2025 is expected to be between $760 million and $780 million, a 14.1% increase from the estimated adjusted EBITDA for fiscal 2024 [4][5]. Membership and Revenue Metrics - The number of center memberships at the end of Q4 2024 was 812,062, a 6.4% increase from 763,216 in Q4 2023. The average center revenue per center membership is estimated to be between $793 and $796, an 11.7% increase from $711 in Q4 2023 [3][5]. - Comparable center revenue growth is projected to be between 7% and 8% for fiscal 2025, driven primarily by dues revenue growth and expanded operating leverage [6]. Operational Strategy - The company plans to open 10-12 new centers in fiscal 2025 and maintain positive free cash flow while managing its net debt to adjusted EBITDA leverage ratio to achieve and maintain at or below 2.25 times [6].