Life Time Q2 revenue up 18.9% to $667.8M, raises FY guidance; names Erik Weaver CFO

Life Time Group Holdings, Inc.

2024-Q2 EPS reported $0.38 revenue$1,264,478,000

Q2 revenue $667.8M (+18.9% YoY), net income $52.8M vs $17.0M, diluted EPS $0.26.
Adjusted EBITDA $173.5M (+27.6% YoY); full-year guidance raised to $642-$652M Adj. EBITDA and $2.56-$2.59B revenue.
Net debt leverage ratio improved to 3.0x (from 4.3x); positive free cash flow of $175.1M including sale-leaseback proceeds.
Center memberships up 5.4% to 832,636; comparable center revenue growth of 12.0%.
Erik Weaver appointed EVP & CFO, base salary $500k, annual incentive up to $300k, 15,000 RSUs.

item 2.02 item 5.02 item 9.01

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Appointed

Erik Weaver

Executive Vice President & Chief Financial Officer

LTH · Life Time Group Holdings, Inc.

Effective: 2024-08-01
Filed: August 1, 2024, 7:59 PM ET

On July 31, 2024, the Board of Directors of the Company appointed Erik Weaver to the role of Executive Vice President & Chief Financial Officer, effective August 1, 2024.

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Executive change SEC 8-K Item 5.02 confidence 1.0

Erik Weaver was appointed as Executive Vice President & Chief Financial Officer at Life Time Group Holdings, Inc..

Action: appointed
Role: Executive Vice President & Chief Financial Officer

Exact text from the filing

On July 31, 2024, the Board of Directors of the Company appointed Erik Weaver to the role of Executive Vice President & Chief Financial Officer, effective August 1, 2024.

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Life Time Group Holdings, Inc. filing history →

Source: SEC EDGAR

accession 0001869198-24-000029

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