Welcome to our dedicated page for Life Time Group Holdings news (Ticker: LTH), a resource for investors and traders seeking the latest updates and insights on Life Time Group Holdings stock.
Life Time Group Holdings, Inc. (NYSE: LTH) generates a steady flow of news as it expands and evolves its position as a healthy lifestyle brand and operator of athletic country clubs. Company announcements frequently highlight new club openings, program launches, expert guidance on wellness topics, and updates on its broader ecosystem of digital tools, events, and supplements.
Recent news has showcased Life Time’s continued physical expansion, with new destinations such as Life Time South Lamar in Austin, Life Time West Boca in Florida, and Life Time Otay Ranch in Chula Vista. These stories detail how each club blends performance training spaces, recovery amenities, social environments, and, in some cases, adults-only or boutique formats tailored to local communities.
Life Time also issues news on its training and programming innovations. For example, the company has announced the nationwide expansion of CTR (Core. Tone. Reform.), a Pilates-inspired reformer workout, and the return of the LT Games hybrid athlete competition in Minneapolis. These updates illustrate how Life Time uses branded formats and events to engage both members and non-members.
In addition, Life Time news features expert commentary on topics such as creatine supplementation and strategies for managing daylight saving time changes, often tying these insights to its LTH supplement line and broader healthy living philosophy. Financial news, including quarterly results and outlook updates, provides insight into membership trends, new club pipelines, and capital investments.
This page aggregates such coverage so readers can follow Life Time’s club openings, program expansions, wellness guidance, and financial disclosures in one place. Investors, members, and observers can use this feed to monitor how the company is developing its athletic country club network and related offerings over time.
Life Time (NYSE: LTH) has announced plans to open a new athletic country club in Austin, Texas' South Lamar neighborhood by mid-2025. This 57,700-square-foot facility will be part of The Bouldin, a four-acre mixed-use development. The club will occupy the first two floors of a four-story building, featuring:
- Recovery and rejuvenation spaces
- Full bar and social lounge
- Small and large group training programs
- Coworking space
- Co-ed bath house with hot tubs, cold plunges, sauna, and steam rooms
This will be Life Time's fifth location in Austin and 34th in Texas, reflecting the company's continued expansion in response to high demand for its wellness offerings in the area.
Experience Life magazine, published by Life Time (NYSE: LTH), introduces the SPARK formula to help people incorporate more fun into their daily lives. This easy-to-remember acronym, coined by author Catherine Price, stands for:
- Space: Make room for fun physically and mentally
- Pursue: Engage in passions that fulfill you deeply
- Attract: Open yourself to fun possibilities
- Rebel: Step out of your comfort zone
- Keep at It: Prioritize fun consistently
The initiative aims to address stress-related issues affecting many Americans, with 27% reporting being too stressed to function. The SPARK method is featured in the July/August edition of Experience Life magazine, offering readers accessible tools for healthier, happier living.
Life Time (NYSE: LTH) is hosting a national livestream pickleball event featuring tennis icon Andre Agassi on Monday, Aug. 19 at 6:30pm ET. The event, taking place at Life Time PENN 1 in New York City, will be accessible to everyone via the complimentary Life Time digital app. This marks the company's first livestreamed pickleball event, with more planned for the future.
The exhibition play will include top-rated pros and celebrities, all mic'd up for an engaging experience. Life Time Founder, Chairman and CEO Bahram Akradi will debut the new LT – The Ultimate Pickleball, and JOOLA will make a significant announcement. The event highlights Life Time's commitment to expanding digital offerings and promoting racquet sports, including Agassi's role as chair of the Life Time Pickleball and Tennis Board.
Life Time Group Holdings (NYSE: LTH) has priced its public offering of 12,000,000 shares of common stock at $21.75 per share. The offering includes shares from both the company and existing stockholders. Underwriters have a 30-day option to purchase an additional 1,800,000 shares from selling stockholders. The offering is expected to close on August 14, 2024.
Life Time plans to use the net proceeds for general corporate purposes, including potential debt repayment. Morgan Stanley and BofA Securities are lead book-running managers, with several other firms involved in various capacities. The offering is made pursuant to a shelf registration statement filed with the SEC.
Life Time Group Holdings (NYSE: LTH) has announced a public offering of 12,000,000 shares of common stock. The company will offer 6,000,000 shares, while existing stockholders will sell an additional 6,000,000 shares. Underwriters have a 30-day option to purchase up to 1,800,000 extra shares from the selling stockholders. Life Time plans to use the net proceeds for general corporate purposes, including potential debt repayment.
Morgan Stanley and BofA Securities are leading the offering as book-running managers, with Deutsche Bank Securities and Wells Fargo Securities also acting as active book-runners. The offering is subject to market conditions and there's no guarantee of its completion or final terms.
Life Time, a leader in the rapidly growing sport of pickleball, has filed a patent for The Ultimate Pickleball. Designed by Life Time Founder, CEO, and Chairman Bahram Akradi, this new ball aims to address issues of inconsistent speed, bounce, and durability in existing pickleballs. The patent-pending ball will be unveiled on August 19 at Life Time's PENN 1 in New York City, featuring tennis legend Andre Agassi.
The Ultimate Pickleball will debut exclusively in Life Time clubs and be used in all Pickleball Classic tournaments. Later, it will be available for sale at Life Time's racquet sports pro shops and online. Life Time continues to expand its pickleball offerings, with over 700 permanent courts across its locations and partnerships with major leagues like MLP and PPA.
Life Time (NYSE: LTH) has expanded its presence in Texas with the opening of Life Time Westlake on August 3, 2024. This marks the company's 13th location in the Dallas-Fort Worth area and 33rd in Texas. The new 112,000-square-foot, two-story athletic country club offers a wide range of amenities, including:
- Indoor and outdoor pools with a beach club
- Seven pickleball courts
- Expansive workout spaces
- Kids Academy
- LifeCafe restaurant
- LifeSpa for body treatments
The club features state-of-the-art fitness equipment, personal training services, and over 100 group fitness classes. Life Time Westlake is open daily, with extended hours on weekdays. This expansion reflects the growing demand for Life Time's comprehensive health and wellness offerings in the Dallas-Fort Worth metro area.
Life Time Group Holdings, Inc. (NYSE: LTH) has appointed Erik Weaver as Executive Vice President & Chief Financial Officer, effective August 1, 2024. Weaver, who joined the company in 2004, had been serving as Interim CFO since January 1, 2024. His previous roles include Assistant Controller, Vice President and Controller, and Senior Vice President and Controller. Weaver holds an MBA from Hamline University and a B.S. in accounting from St. Cloud State University.
Life Time's Founder, Chairman, and CEO, Bahram Akradi, expressed confidence in Weaver's appointment, citing his two decades of service and recent performance as interim CFO. The decision was unanimously supported by the Board of Directors after a thorough search process.
Life Time Group Holdings (NYSE: LTH) reported strong Q2 2024 financial results, with total revenue increasing 18.9% to $667.8 million compared to the prior year quarter. Net income rose by $35.8 million to $52.8 million, while Adjusted EBITDA grew 27.6% to $173.5 million. The company achieved positive free cash flow and reduced its net debt leverage ratio to 3.0 times, two quarters ahead of plan. Key highlights include:
- Center memberships increased 5.4% year-over-year to 832,636
- Comparable center revenue grew 12.0%
- Opened three new centers, bringing the total to 175
- Raised full-year 2024 revenue guidance to $2,560-$2,590 million
Life Time's strong performance was driven by growth in membership dues, increased average dues, and higher utilization of in-center offerings. The company remains focused on funding growth while generating positive free cash flow and further reducing leverage.
Life Time (NYSE: LTH) has opened its newly renovated Harbour Island Athletic Club on July 9, 2024, in Tampa, Florida. Spanning over 186,000 square feet, the facility includes a 36,000-square-foot indoor club and 150,000 square feet of outdoor space. It offers extensive fitness amenities such as studios for group fitness, Pilates, and yoga, a full-service restaurant, and a spa. The outdoor area boasts 12 pickleball courts, eight tennis courts, a lap pool, a kids' splash pool, and a beach club. This launch aims to provide a luxury health and wellness experience to the Tampa community, supported by a waitlist of over 10,000 prospective members.