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) is a premier healthy lifestyle brand that designs, builds, and operates comprehensive, large-scale fitness and wellness centers. These centers, known as athletic country clubs, are located primarily in residential areas of metropolitan cities across the United States and Canada. Life Time offers a multitude of activities and amenities including professional fitness training, family recreation, spas, and resort-like environments catering to individuals and families.
Life Time's commitment to delivering uncompromising quality is evident in its range of services, which are both entertaining and educational. The company aims to meet the health and fitness needs of the entire family in an inviting and innovative manner. With over 170 athletic country clubs, Life Time has established itself as a significant player in the health and wellness industry, attracting more than 1.5 million members.
The company's recent achievements highlight its dynamic growth and innovation. In April 2024, Life Time opened its first dedicated pickleball facility in Chanhassen, Minnesota, featuring eight indoor and seven outdoor courts. This development aligns with their goal to become the premier destination for pickleball in the U.S., boasting over 630 courts across 130 clubs. The formation of the Life Time Pickleball and Tennis Board, led by tennis legend Andre Agassi, aims to elevate the profile of these sports within their communities.
Continuing its expansion in New York, Life Time launched its sixth athletic club, Life Time PENN 1, in April 2024. This 54,000-square-foot luxury club offers the most indoor pickleball courts in New York City and houses exclusive group training programs. Similarly, the newly opened Life Time Atlantic Avenue in Brooklyn provides a rich array of health and wellness offerings, complete with state-of-the-art training facilities and boutique studios.
Financially, Life Time reported a robust first-quarter performance in May 2024, leading to a raised full-year revenue and Adjusted EBITDA guidance. The company also closed a significant $40 million sale-leaseback transaction to support growth and strengthen its balance sheet. These financial maneuvers position Life Time well for continued expansion and operational excellence.
Life Time's vision is not only to provide exceptional health and wellness experiences but also to be an employer that values and develops its team members. The organization offers career growth opportunities across various roles within its clubs, supported by its mission to inspire healthy, happy lives through both physical and digital channels.
As Life Time continues to expand its footprint and enhance its offerings, it remains steadfast in its commitment to promoting a healthy way of life for its members and the broader community.
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.
Life Time Group Holdings, Inc. (NYSE: LTH) has announced the successful refinancing of its revolving credit facility through its wholly-owned subsidiary, Life Time, Inc. The amended facility includes several key improvements:
- Increased commitments from $475 million to $650 million
- Reduced floating interest rate by 100 basis points to Term SOFR plus 2.50% margin
- Lowered undrawn commitment fee rate to 25 basis points
- Extended maturity to September 2029
The company also paid off the remaining $200 million of its term loan facility. CFO Erik Weaver expressed satisfaction with this first step in refinancing long-term debt and anticipates addressing outstanding secured and unsecured notes in the coming months.
Life Time (NYSE: LTH) is hosting a free livestreamed panel on GLP-1 peptides on September 25, 2024, from 6:00-7:30 p.m. CT via the Life Time App. The event features insights from Chief Science Officer James LaValle, Dr. Gregory Pippert, and Cliff Edberg.
Topics include:
- GLP-1s and their function
- Suitable candidates for these medications
- Optimizing results and reducing side effects
- Importance of strength training and diet with GLP-1s
This event is part of Life Time's commitment to providing evidence-based guidance for health journeys. It's the first of several planned livestreams on longevity, performance, and anti-aging. Life Time MIORA offers personalized care plans, including GLP-1s when appropriate, based on comprehensive wellness assessments.
Life Time (NYSE: LTH) has announced the launch of its new '30 Strong Challenge', a complimentary 30-day program starting October 2. The challenge, designed by Life Time's experts, aims to help participants build sustainable healthy habits through daily nutrition and exercise goals. Key habits include:
- Daily programmed workouts
- 30 additional minutes of movement
- 30 grams of protein per meal
- Daily hydration goals
- Eliminating alcohol
- 7+ hours of sleep per night
The program is available at Life Time's 170+ athletic country clubs and through its digital app. Participants can access complimentary training sessions, virtual coaching, and are eligible for weekly and grand prizes from brand partners.
Life Time (NYSE: LTH) has announced the nationwide launch of Life Time x Augie's Quest GO90, a fundraiser workout event scheduled for September 28, 2024. The event aims to benefit Augie's Quest to Cure ALS and the Life Time Foundation, focusing on ALS research, patient care, youth nutrition, movement, and conservation efforts.
GO90 will feature 90-minute workout classes across Life Time's athletic country clubs, with a $25 donation required for participation. The event's duration symbolizes that someone is diagnosed with ALS every 90 minutes. 100% of funds raised will be equally split between the two organizations. Non-members can also participate by registering at a convenient Life Time location.
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