Life Time Group reports Q3 EPS 19c, consensus 20c

Reports Q3 revenue $693.23M, consensus $681.35M. Bahram Akradi, founder, chairman and CEO, stated: “Having achieved another quarter of strong financial performance, we remain confident in the strength and trajectory of our business. In the third quarter, we continued deleveraging to under 2.5 times and once again delivered significant cash from our operating activities and achieved positive free cash flow before sale-leaseback proceeds. With our equity offering complete and our debt refinancing in place, we are now even better positioned to continue growing our business by taking advantage of the significant opportunities in front of us. I’d like to thank all our team members for their passion and dedication to building a company that is stronger, bigger and the best version of itself.”