Last $49.33 USD
Change Today -1.11 / -2.20%
Volume 675.8K
LTM On Other Exchanges
Symbol
Exchange
New York
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As of 8:04 PM 10/1/14 All times are local (Market data is delayed by at least 15 minutes).

life time fitness inc (LTM) Snapshot

Open
$50.54
Previous Close
$50.44
Day High
$50.72
Day Low
$49.01
52 Week High
05/22/14 - $56.78
52 Week Low
08/7/14 - $38.01
Market Cap
1.9B
Average Volume 10 Days
534.7K
EPS TTM
$2.91
Shares Outstanding
39.1M
EX-Date
--
P/E TM
17.0x
Dividend
--
Dividend Yield
--
Current Stock Chart for LIFE TIME FITNESS INC (LTM)

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life time fitness inc (LTM) Details

Life Time Fitness, Inc. designs, builds, and operates sports and athletic, professional fitness, family recreation, and spa centers. It offers programs in various areas, including group fitness, yoga, swimming, racquetball, squash, tennis, pilates, martial arts, kids activities and camps, adult activities and leagues, rock climbing, basketball, weight loss and nutrition initiatives, and personal training services. The company operates LifeCafes that offer nutritional products and supplements, third-party nutritional products, exercise accessories, and personal care products; and LifeSpa, a full-service salon and spa. It also operates LifeClinic, which provides chiropractic services for soft tissue and joint treatment; and Child Centers that offer on-site child centers for children from 3 months to 11 years of age, as well as publishes magazine under the Experience Life name. In addition, the company produces athletic events comprising running, cycling, and triathlon events from entry-level to ultra-endurance, as well as offers health programs and assessments services. As of July 28, 2014, it operated 112 centers under the LIFE TIME FITNESS and LIFE TIME ATHLETIC brands in the United States and Canada. The company serves various organizations, communities, and individuals. The company was formerly known as FCA, Ltd. and changed its name to Life Time Fitness, Inc. in January 1998. Life Time Fitness, Inc. was founded in 1990 and is headquartered in Chanhassen, Minnesota.

7,500 Employees
Last Reported Date: 02/28/14
Founded in 1990

life time fitness inc (LTM) Top Compensated Officers

Founder, Chairman, Chief Executive Officer an...
Total Annual Compensation: $940.0K
Chief Financial Officer and Executive Vice Pr...
Total Annual Compensation: $300.2K
Chief Operating Officer and Executive Vice Pr...
Total Annual Compensation: $366.9K
Executive Vice President of Real Estate and D...
Total Annual Compensation: $300.2K
Consultant
Total Annual Compensation: $366.9K
Compensation as of Fiscal Year 2013.

life time fitness inc (LTM) Key Developments

Life Time Fitness Inc. Appoints Eric J. Buss as Executive Vice President and Chief Financial Officer

On July 21, 2014, the board of directors of the Life Time Fitness Inc. appointed Eric J. Buss, to serve as Executive Vice President and Chief Financial Officer. Mr. Buss was previously appointed Executive Vice President and Interim Chief Financial Officer, effective March 2, 2014.

Life Time Fitness Inc. Announces Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended June 30, 2014; Revises Earnings Guidance for the Fiscal Year 2014; Plans to Open 6 New Clubs in 2015

Life Time Fitness Inc. announced unaudited consolidated earnings results for the second quarter and six months ended June 30, 2014. Second quarter 2014 revenue grew 6.0% to $326.6 million from $308.1 million during the same period last year. Net income for the quarter was $29.8 million, or $0.76 per diluted share, compared to net income of $33.2 million, or $0.80 per diluted share, for the company quarter of 2013. EBITDA was $92.2 million compared to $91.1 million a year ago. Income from operations was $57,493,000 against $60,726,000 a year ago. Income before income taxes was $49,111,000 against $54,670,000 a year ago. The company's cash spend was approximately $171 million on capital expenditures, which includes approximately $65 million for the purchase of 2 centers just mentioned. Revenue for the first six months of 2014 grew 6.6% to $638.5 million from $598.9 million during the same period last year. Net income for the first six months of 2014 was $58.1 million, or $1.45 per diluted share, compared to net income of $61.3 million, or $1.47 per diluted share for the prior-year period. For the first six months of 2014, EBITDA was $178.7 million compared with $173.1 million in the prior-year period. Cash flows from operating activities for the first six months of 2014 totaled $133.7 million compared to $124.5 million in the prior-year period. Income from operations was $111,567,000 against $113,100,000 a year ago. Income before income taxes was $95,632,000 against $101,261,000 a year ago. Purchases of property and equipment were $253,411,000 against $137,433,000 a year ago. For fiscal year 2014, revenue is expected to be $1.290 to 1.310 billion revised from $1.300 to 1.320 billion provided earlier. Net income is expected to be $120.0 to $125.0 million revised from $125.0 to $130.0 million provided earlier. Diluted earnings per common share were expected to be $3.00 to $3.10, revised from $3.05 to $3.15 provided earlier. For 2014, the company now forecasting $455 million to $490 million in capital spend, which includes the acquisition of the 2 centers and as well as $70 million to $90 million for maintenance CapEx and corporate initiatives. The company expects 2014 tax rate to be slightly under 40%. The company looks to open 6 new clubs in 2015.

Life Time Fitness, Inc. Announces Expansion Plans

Life Time Fitness Inc. announced that the company current plans call for one additional Life Time Athletic center opening in 2014, and six new Life Time Athletic center openings in 2015. These openings, along with the expansion and improvement of its member-focused health, fitness, family recreation and sports programs, serve as the foundation of long-term growth for its Healthy Way of Life Company.

 

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