Life Time Group corrects Q1 2024 net income guidance downward to $24-26M from $29-32M due to higher interest expense

Life Time Group Holdings, Inc.

2023-FY EPS reported $0.37 revenue$2,216,593,000

Q1 2024 net income guidance revised to $24-$26M (previously $29-$32M) due to understated interest expense.
Interest expense, net of interest income, guided at $35M for Q1 2024.
Adjusted EBITDA guidance unchanged at $142-$146M for Q1 2024.
Correction disclosed in this 8-K after original press release issued same day for Q4/FY 2023 results.

item 2.02

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Life Time Group Holdings, Inc. reported first quarter 2024 results: net income $24 to $26 million. Guidance lowered.

Period: first quarter 2024
Net income: $24 to $26 million
Guidance: lowered
Result: guidance update

Exact text from the filing

The Company’s guidance for first quarter 2024 Net income understated the Company’s expected Interest expense, net of interest income. The Company’s guidance for first quarter 2024 Net income is $24 to $26 million (rather than $29 to $32 million stated in the press release).

View on SEC.gov

51 earnings releases filed in the last 30 days. Browse all earnings releases →

Life Time Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001869198-24-000012

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.