Life Time Q1 revenue up 16.8% to $596.7M; raises FY 2024 guidance

Life Time Group Holdings, Inc.

2024-Q1 EPS reported $0.12 revenue$596,717,000

Revenue $596.7M (+16.8% YoY); net income $24.9M (-9.5%) reflecting prior-year one-time gains.
Adjusted EBITDA $146M (+21.6%); adjusted net income $30.5M (+31.5%).
Raised FY 2024 revenue guidance to $2.50-$2.53B (prev $2.46-$2.50B) and Adjusted EBITDA to $603-$618M (prev $595-$610M).
Center memberships 802,010 (+5.0% YoY); comparable center revenue +11.1%; net debt leverage improved to 3.6x from 5.2x.
Annual meeting: elected four Class III directors; ratified Deloitte & Touche as auditor; say-on-pay approved.

item 2.02 item 5.07 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 first quarter ended March 31, 2024 results: revenue $596.7 million, net income $24.9 million. Guidance raised.

Period: first quarter ended March 31, 2024
Revenue: $596.7 million
Net income: $24.9 million
Guidance: raised
Result: reported results

Exact text from the filing

tax-effected one-time net benefits of $8.7 million from sale-leasebacks and the sale of two triathlon events. First Quarter 2024 Information • Revenue increased 16.8% to $596.7 million due to continued strong growth in membership dues and in-center revenue. • Center memberships increased by 37,837, or 5.0%, when compared to March 31, 2023, and increased

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Source: SEC EDGAR

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