secwatch.observer — SEC 8-K summary
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Issuer:     Life Time Group Holdings, Inc. (LTH)
CIK:        0001869198
Form:       8-K
Filed at:   2024-10-24T23:59:59+00:00
Accession:  0001869198-24-000049
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Life Time Q3 revenue $693.2M (+18.5% YoY), net income +422.5%, raises FY Adj EBITDA guidance to $658-662M
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- Total revenue $693.2M (+18.5% YoY); net income $41.4M (up 422.5% from $7.9M); diluted EPS $0.19 vs $0.04.
- Adjusted EBITDA $180.3M (+26.1% YoY); center memberships 826,502 (+5.4% YoY); net debt leverage ratio improved to 2.4x.
- Full-year 2024 guidance raised: revenue $2,595-2,605M (prior $2,560-2,590), Adj EBITDA $658-662M (prior $642-652).
- Opened 2 new centers in Q3; total centers 177; completed equity offering of 6M shares for $124.4M net proceeds used to reduce debt.
- Generated free cash flow of $138.3M including $65M in sale-leaseback proceeds; capex decreased 54.8% to $87.1M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1869198/000186919824000049/0001869198-24-000049-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1869198/000186919824000049/lth-20241024.htm
  HTML page:      https://secwatch.observer/filing/0001869198-24-000049

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