earnings
confidence high
sentiment positive
materiality 0.80
Life Time Q3 prelim revenue $693.2M (+18.5% YoY), net income $41.4M (+422%); launches note refinancing
Life Time Group Holdings, Inc.
2024-Q3 EPS reported
$0.57
revenue$1,957,712,000
- Total revenue $693.2M, +18.5% YoY; net income $41.4M, +422.5% YoY; adjusted EBITDA $180.3M, +26.1%.
- Adjusted net income $56.3M, +110.9% YoY; net debt leverage ratio improved to 2.4x from 3.7x.
- Free cash flow $138.3M for Q3, including $65M from sale-leaseback; available liquidity $529.8M.
- Center memberships 826,502 (+5.4%); average center revenue per membership $815 (+12.9%).
- Company launches process to refinance its 5.750% Senior Secured Notes due 2026 and 8.000% Senior Notes due 2026.