=== Life Time (LTH) reported earnings on Tue 25 Apr 23 (b/o)

 

 Life Time beats by $0.08, reports revs in-line; guides Q2 revs in-line; guides FY23 revs in-line; raises FY23 adjusted EBITDA

• Reports Q1 (Mar) earnings of $0.14 per share, $0.08 better than the S&P Capital IQ Consensus of $0.06; revenues rose 30.2% year/year to $510.9 mln vs the $507.83 mln S&P Capital IQ Consensus.
  • Net center memberships increased by approximately 39,000, which exceeded the approximately 25,000 increase in net center memberships during the first quarter of 2022. Total memberships, which includes our digital on-hold memberships, increased approximately 9% to 813,500. 
• Co issues in-line guidance for Q2, sees Q2 revs of $560-570 mln vs. $569.49 mln S&P Capital IQ Consensus. Sees Q2 adjusted EBITDA of $124-126 mln.
• Co issues in-line guidance for FY23, sees FY23 revs of $2.20-2.30 bln vs. $2.24 bln S&P Capital IQ Consensus. Raises full year fiscal 2023 Adjusted EBITDA guidance by $30 million to $470-$490 million.