Life Time Group Holdings Inc

LTH

Equity

ISIN US53190C1027 / Valor 113726597

New York Stock Exchange, Inc (2024-12-24)

USD 22.18+1.00%

Life Time Group Holdings Inc
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About company

Life Time Group Holdings Inc is a company that has been in operation for nearly 30 years, offering omnichannel healthy way of life communities that focus on healthy living, aging, and entertainment. With over 30,000 professionals, the company operates more than 170 athletic resort destinations in the United States and Canada, along with a digital platform and portfolio of athletic events. Their objective is to inspire healthier and happier lives through their programs and experiences.

Summarized from source with an LLMView SourceSector: Consumer Services

Total Revenue

Life Time Group Holdings Inc. reported total revenue of $667.8 million for the second quarter of 2024, marking an 18.9% increase over the same period in the previous year. This growth was driven by higher membership dues, increased in-center revenue, and greater member utilization of in-center offerings.

Net Income

For the second quarter of 2024, Life Time Group Holdings Inc. achieved a net income of $52.8 million, which represents a significant increase of $35.8 million compared to the prior year quarter. This improvement was attributed to enhanced business performance and one-time net benefits from sale-leaseback transactions and land sales.

Adjusted EBITDA

Life Time Group Holdings Inc. reported an adjusted EBITDA of $173.5 million for the second quarter of 2024, reflecting a 27.6% increase over the same quarter in the previous year. The company attributed this growth to higher revenue flow-through and structural improvements that enhanced margins.

Free Cash Flow

In the second quarter of 2024, Life Time Group Holdings Inc. achieved positive free cash flow, which was a significant milestone for the company. The free cash flow was bolstered by $149.0 million in proceeds from sale-leaseback transactions and a land sale, contributing to a total of $175.1 million in free cash flow.

Debt Leverage Ratio

Life Time Group Holdings Inc. successfully reduced its net debt leverage ratio to 3.0 times by the end of the second quarter of 2024. This reduction was achieved two quarters earlier than planned, demonstrating the company's commitment to improving its financial health and reducing leverage.

Summarized from source with an LLMView Source

Key figures

45.5%1Y

22.7%3Y

%5Y

Performance

39.8%1Y

50.6%3Y

50.9%5Y

Volatility