Life Time Group Holdings Inc Stock Price, News & Analysis

Life Time (NYSE: LTH) has announced a record $380,000 prize purse for the 2025 Life Time Grand Prix and associated events. The breakdown includes:

- $200,000 for the Life Time Grand Prix, split equally among top 10 male and female athletes

- $180,000 for six standalone events, each offering $30,000

For the first time, UNBOUND Gravel 200, Leadville Trail 100 MTB, and Big Sugar Gravel will award prize money. The 2025 series introduces a best-five-of-six scoring system, with each athlete's lowest score dropped after the fourth event. Wild card athletes' results will be included after UNBOUND Gravel 200. This initiative aims to attract top global athletes and grow the sport domestically.

Life Time (NYSE: LTH) has renewed its alliance with the National Academy of Sports Medicine (NASM), reinforcing its commitment to professional development for its personal trainers, stretch specialists, and group fitness instructors. The collaboration provides complimentary access to NASM's ClubConnect platform, offering continued education courses, reduced rates for certifications, and exclusive workshop access.

Life Time is one of the largest employers in the training and group fitness space, with over 3,500 personal trainers, stretch specialists, and Pilates instructors, plus more than 8,500 studio instructors. The company has also launched a 4-week paid internship program for those new to personal training, offering fitness certification and hands-on skills training.

Life Time Group Holdings (NYSE: LTH) announced preliminary estimated financial results for Q3 2024, showing strong growth across key metrics:

• Total revenue estimated at $693.2 million, up 18.5% year-over-year
• Net income estimated at $41.4 million, a 422.5% increase
• Adjusted EBITDA estimated at $180.3 million, up 26.1%
• Center memberships grew 5.4% to 826,502
• Average center revenue per membership increased 12.9% to $815

The company also reported improved liquidity and reduced leverage, with total available liquidity of $529.8 million and an estimated net debt leverage ratio of 2.4x, down from 3.7x in Q3 2023. Life Time plans to refinance its existing notes and expects to deliver positive free cash flow for the second consecutive quarter.

Life Time (NYSE: LTH) celebrates World Pickleball Day on October 10th by surpassing 750 permanent pickleball courts across North America, with hundreds more planned. The company has embraced pickleball's growth, attracting hundreds of thousands of members. Life Time offers world-class locations, leagues, instructors, lessons, and tournaments, hosting both PPA and MLP events.

Recent developments include:

• Introduction of the patent-pending Ultimate Pickleball ball
• Naming Andre Agassi as chair of the Life Time Pickleball and Tennis Board
• Collaboration with elite players Ben and Collin Johns for instructional videos
• Hosting Fall Pickleball Classic tournaments at over 100 locations

Life Time continues to lead in pickleball's explosive growth, offering luxury clubs, expert programming, and a community for players of all ages and skill levels.

Life Time (NYSE: LTH) has announced details for the 2025 Life Time Grand Prix, the premier professional off-road cycling series in the United States. The fourth edition will feature 25 women and 25 men competing in six iconic off-road events. The series introduces a new gravel event at the Life Time Sea Otter Classic and adds the Life Time Little Sugar MTB in Bentonville, AR.

Key changes include:

• A best five of six competition format
• Application window opens on October 14, 2024
• 22 initial selections per gender, with 3 wild card spots determined after UNBOUND Gravel
• Wild card selection based on performance in Sea Otter Classic Gravel and UNBOUND Gravel 200

The series aims to grow the sport of cycling domestically, with sold-out events and successful video content on YouTube indicating increasing popularity.

Life Time (NYSE: LTH) has unveiled a 46,000-square-foot expansion at its Annapolis Town Center location, doubling the club's size to nearly 90,000 square feet. The expansion, announced in May 2024, transforms the former Bed, Bath and Beyond space into a pickleball haven, featuring:

• 11 permanent pickleball courts
• Courtside social lounges
• Small group training spaces
• Additional cardio and strength equipment
• Recovery and mobility services
• A pickleball pro shop

This expansion capitalizes on the growing demand for pickleball and small group training. Life Time now boasts over 750 pickleball courts nationwide as of October 2024, solidifying its position in the fastest-growing sport in the nation.

Experience Life magazine, published by Life Time (NYSE: LTH), offers 100 ideas to help families incorporate more physical activity into their daily routines. The ideas fall into eight key categories:

1. Start Small
2. Make the Adventure Bigger
3. Make Your Home Movement-Friendly
4. Get Moving in the Backyard or at Your Local Park
5. Include Older Family or Community Members
6. Do a Task Together
7. Take a Fitness Class
8. Train for a Common Goal

These suggestions aim to foster healthier, happier lives and stronger family connections. The full list of 100 ways families can move together is featured in the September/October edition of Experience Life magazine.

Life Time Group Holdings, Inc. (NYSE: LTH) has announced that it will release its third quarter 2024 financial results on Thursday, October 24, 2024, before the market opens. The company will host a conference call at 10:00 a.m. ET on the same day to discuss the results and provide a business update.

Investors can participate in the conference call using the following details:

• U.S. dial-in: 1-877-451-6152
• International dial-in: 1-201-389-0879
• Webcast: LTH 3Q 2024 Earnings Call

Life Time Group Holdings, Inc. (NYSE: LTH) has announced the completion of two sale-leaseback transactions for two properties, generating approximately $65 million in gross proceeds. These transactions bring the company's total gross proceeds from sale-leasebacks to about $213 million year-to-date. Erik Weaver, Executive Vice President and CFO, stated that these transactions will support future growth opportunities and strengthen the company's balance sheet.

Life Time has achieved its initial net leverage milestone of 3.0 times at the end of the second quarter, six months ahead of schedule. The company is now committed to reducing net leverage to less than 2.5 times. Life Time operates more than 175 athletic country clubs across the United States and Canada, serving people from 90 days to 90+ years old with a team of over 42,000 dedicated professionals.