2023-07-25 06:59:20 ET
- Life Time Group press release ( NYSE: LTH ): Q2 GAAP EPS of $0.08 misses by $0.02 .
- Revenue of $561.7M (+21.8% Y/Y) beats by $5.36M .
- Adjusted EBITDA increased 115.5% to $136.0 million from $63.1 million in the second quarter of 2022.
- The Company provides full year fiscal 2023 net income guidance range of $75-$83 million and increases full year fiscal 2023 Adjusted EBITDA guidance range to $510-$520 million. Revenue of $2,235M – $2,265M vs. consensus of $2.25B.
- Third Quarter 2023 Guidance: Revenue of $585M – $595M vs. consensus of $601.75M; Net income (loss) of $22M – $24M; Adjusted EBITDA of $136M – $138M.
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Life Time Group reports mixed Q2 earnings; raises FY23 and initiates Q3 outlook