Life Time Group Holdings, Inc. (LTH), a premier provider of health, fitness, and wellness experiences, has announced an upswing in its preliminary third-quarter results.
Moreover, the company has initiated a refinancing process for its 5.750% Senior Secured Notes and 8% Senior Notes, both maturing in 2026.
Erik Weaver, the Group's Chief Financial Officer, stated, "Our business consistently delivers robust revenue and adjusted EBITDA growth as we continue to fortify our balance sheet. We are eager to present our complete financial results on October 24."
For the quarter ending September 30, the company reported a net income of $41.4 million, a significant increase from the $7.9 million recorded in the same period the previous year.
Excluding certain items, earnings were reported at $56.3 million, compared to $26.7 million in the prior year.
Adjusted EBITDA rose to $180.3 million from $143 million year-over-year.
Revenue also climbed, reaching $693.2 million, compared to the previous year's $585.2 million.
