secwatch.observer — SEC 8-K summary
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Issuer:     Life Time Group Holdings, Inc. (LTH)
CIK:        0001869198
Form:       8-K
Filed at:   2024-08-01T23:59:59+00:00
Accession:  0001869198-24-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 5.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869198/000186919824000029/0001869198-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869198/000186919824000029/lth-20240731.htm
  HTML page:      https://secwatch.observer/filing/0001869198-24-000029

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