secwatch.observer — SEC 8-K summary
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Issuer:     Life Time Group Holdings, Inc. (LTH)
CIK:        0001869198
Form:       8-K
Filed at:   2023-04-25T23:59:59+00:00
Accession:  0001869198-23-000031
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Life Time Q1 revenue up 30% to $511M; Adj EBITDA $120M; raises FY guidance to $470-490M
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- Revenue $510.9M (+30.2% YoY); net income $27.5M vs loss of $38.0M in prior year.
- Adjusted EBITDA $120.1M (+195.8% YoY); raises full-year Adj EBITDA guidance to $470-490M from $440-460M.
- Center memberships grew 13.4% to 764,173; opened 3 new centers in Q1, plans 7 more in 2023.
- Completed sale-leaseback of $33M in Q1 and $45M in April; on track for $300M total in 2023.
- Q2 2023 guidance: revenue $560-570M, Adj EBITDA $124-126M; net income $19-20M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869198/000186919823000031/0001869198-23-000031-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869198/000186919823000031/lth-20230425.htm
  HTML page:      https://secwatch.observer/filing/0001869198-23-000031

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer