==Life Time (LTH): CFO Robert Houghton to resign, effective Dec 31

 

Life Time CFO Robert Houghton to resign, effective Dec 31 

• Co names Erik Weaver, SVP and Controller, to the additional position of interim CFO effective January 1, 2024.

Life Time reaffirms Q4 revenue and adjusted EBITDA guidance

• Co reaffirms guidance for Q4 (Dec), sees Q4 (Dec) revs of $555-565 mln vs. $559.15 mln FactSet Consensus. 
• Co reaffirms Q4 adjusted EBITDA guidance at $131-135 mln. 
• "We remain on track for a strong close to 2023 with average member visits and demand for our programming at an all-time high. Based on our expectations for continued growth and substantial asset light opportunities, we are pleased to re-affirm our 2023 guidance as we head into 2024. In addition, as shared previously, we expect to be free cash flow positive after all capital expenditures, including new club growth, by the middle of 2024. Our business and outlook remain strong."