Life Time Q2 revenue up 21.8% to $561.7M; net income swing to $17.0M; FY Adjusted EBITDA guide raised

Life Time Group Holdings, Inc.

2023-Q2 EPS reported $0.22 revenue$1,072,582,000

Revenue $561.7M (+21.8% YoY); net income $17.0M vs loss of $2.3M.
Adjusted EBITDA $136.0M (+115.5%); FY 2023 guidance raised to $510-520M from $470-490M.
Center memberships up 26k to 790,238; average revenue per membership $701 (+9.7%).
Fitch assigned B+ stable rating; company rated B (S&P) and B- (Moody's).
Refinanced Term Loan B to $310M due 2026; completed $45.5M sale-leaseback in Q2.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Life Time Group Holdings, Inc. reported full year fiscal 2023 results: net income $75-$83 million. Guidance raised.

Period: full year fiscal 2023
Net income: $75-$83 million
Guidance: raised
Result: guidance update

Exact text from the filing

The Company provides full year fiscal 2023 net income guidance range of $75-$83 million and increases full year fiscal 2023 Adjusted EBITDA guidance range to $510-$520 million.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Life Time Group Holdings, Inc. reported the fiscal second quarter ended June 30, 2023 results: revenue $561.7 million, net income $17.0 million.

Period: the fiscal second quarter ended June 30, 2023
Revenue: $561.7 million
Net income: $17.0 million
Result: reported results

Exact text from the filing

• Second quarter revenue increased 21.8% to $561.7 million from $461.3 million in the second quarter of 2022. • Net income increased to $17.0 million from a net loss of $2.3 million in the second quarter of 2022.

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Life Time Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001869198-23-000050

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