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Life Time Group Holdings (LTH) Q3 FY2023 earnings: revenue $585 million, up 17.9% on the year

Life Time Group Holdings, Inc. (LTH) reported revenue of $585 million for Q3 FY2023, the quarter ended 30 September 2023, up 17.9% on the same quarter a year earlier. Net income was $8 million, down 68.0% on the year, and diluted earnings per share $0.04. The figures are the company's own, from the 10-Q it filed with the SEC on 31 October 2023.

Revenue$585 millionup 17.9%
Net income$8 milliondown 68.0%
Diluted EPS$0.04
QuarterQ3 FY2023ended 30 September 2023

The quarter, against the one before and a year earlier

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Revenue585n/an/an/a
Cost of revenue319n/an/an/a
Gross profit266n/an/an/a
Gross margin45.4%n/an/a
Selling, general and administrative51.7n/an/an/a
Operating income46.7n/an/an/a
Operating margin8.0%n/an/a
Pre-tax income13.7n/an/an/a
Income tax5.8n/an/an/a
Effective tax rate42.4%n/an/a
Net income7.9n/an/an/a
Net margin1.4%n/an/a
Diluted EPS$0.04n/an/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Operating cash flow115n/an/an/a
Capital expenditure189n/an/an/a
Free cash flow-74.1n/an/an/a
Free cash flow margin-12.7%n/an/a
Cash from investing-144n/an/an/a
Cash from financing24.1n/an/an/a
Depreciation and amortisation63.6n/an/an/a
Share-based compensation14.9n/an/an/a
Diluted shares, weighted204mn/an/an/a
Shares outstanding at period end196mn/an/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ3 FY2023Quarter beforeA year earlierChange on the year
Shareholders' equity2,217n/an/an/a
Debt1,880n/an/an/a
Operating lease liabilities2,248n/an/an/a
Other liabilities552n/an/an/a
Total liabilities and equity6,897n/an/an/a
Fixed assets3,075n/an/an/a
Goodwill1,235n/an/an/a
Intangible assets172n/an/an/a
Cash and equivalents25.4n/an/an/a
Receivables19.2n/an/an/a
Inventory48.6n/an/an/a
Other assets2,321n/an/an/a
Total assets6,897n/an/an/a

Questions

What was Life Time Group Holdings' revenue in Q3 FY2023?

Life Time Group Holdings (LTH) reported revenue of $585 million for Q3 FY2023, the quarter ended 30 September 2023, up 17.9% on the same quarter a year earlier.

How much did Life Time Group Holdings earn in Q3 FY2023?

Net income for Q3 FY2023 was $8 million, down 68.0% on the year, and diluted earnings per share $0.04.

When did Life Time Group Holdings report Q3 FY2023 results?

Life Time Group Holdings filed its 10-Q for the quarter ended 30 September 2023 with the SEC on 31 October 2023.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue585559597668693663706761783745789866
Cost of revenue319n/a322356371344371404414379407454
Gross profit266n/a275312322319335358368366382412
Gross margin45%n/a46%47%46%48%47%47%47%49%48%48%
SG&A51.754.148.953.257.761.257.861.759.865.259.666.0
Operating income46.758.772.110593.787.0108108136130135150
Operating margin8%10%12%16%14%13%15%14%17%17%17%17%
Pre-tax income13.724.234.866.657.649.782.599.6139172119135
Tax rate42%2%28%21%28%25%8%28%26%29%26%25%
Net income7.923.724.952.841.437.276.172.110212388.1101
Net margin1%4%4%8%6%6%11%9%13%17%11%12%
Diluted EPS$0.04$0.12$0.12$0.26$0.19$0.17$0.34$0.32$0.45$0.54$0.39$0.45
Operating cash flow11513290.4170151163184196251240199210
Capital expenditure18916815714487.1136142222222305260263
Free cash flow-74.1-36.0-66.426.164.026.841.4-26.328.6-64.6-61.2-53.7
Buybacksn/an/an/an/an/an/a0.00.0n/an/a10.762.7
Shares outstanding196m197m199m199m207m207m218m220m220m221m222m223m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 September 2023, filed 31 October 2023, accession 0001869198-23-000063: the filing on EDGAR. All of Life Time Group Holdings, Inc.'s filings: EDGAR company page.

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