Q1 2023 Life Time Group Holdings Inc Earnings Call Transcript

Apr 25, 2023 / 02:00PM GMT

Release Date Price: $18.77 (+6.71%)

Transcript 10-Q8-K

Operator

Good morning. Welcome to the Life Time Group Holdings First Quarter 2023 Earnings Conference Call. (Operator Instructions)

I will now turn the call over to Ken Cooper with Investor Relations for Life Time.

Ken Cooper

Good morning, and thank you for joining us for the Life Time first quarter of 2023 earnings conference call. With me today are Bahram Akradi, Founder, Chairman and CEO; and Bob Houghton, CFO.

During this call, the company will make forward-looking statements, which involve a number of risks and uncertainties that may cause actual results to differ materially from those forward-looking statements made today. There is a comprehensive discussion of risk factors in the company's SEC filings, which you are encouraged to review. Also, the company will discuss certain non-GAAP financial measures, including adjusted EBITDA, net debt, free cash flow before growth capital expenditures and free cash flow.

For purposes of this call, free cash flow is defined as net cash provided by operating activities after total capital expenditures.

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