Start Time: 08:30 January 1, 0000 9:29 AM ET
Life Time Group Holdings, Inc. (NYSE:LTH)
Q3 2022 Earnings Conference Call
November 09, 2022, 08:30 AM ET
Company Participants
Bahram Akradi - Founder, Chairman, and CEO
Robert Houghton - EVP and CFO
Tom Bergmann - President
Conference Call Participants
Brian Nagel - Oppenheimer & Co.
Robert Ohmes - Bank of America
Christopher Carril - RBC Capital Markets
Julio Marquez - Guggenheim
Daniel Politzer - Wells Fargo
Operator
Good morning, and welcome to the Life Time Group Holdings Conference Call to Discuss Financial Results for the Third Fiscal Quarter of 2022. At this time, all participants are in listen-only mode. Later, we will conduct a question-and-answer session and instructions will follow at that time. Please be advised that reproduction of this call in whole or in part is not permitted without written authorization from the company. As a reminder, this conference is being recorded.
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 our forward-looking statements. There is a comprehensive list 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 and free cash flow before growth capital expenditures. This information, along with reconciliations to the most directly comparable GAAP measures, are included in earnings release issued this morning and the company's 8-K filed with the SEC and on the Investor Relations section of Life Time's Web site.
On the call from management today are Bahram Akradi, Founder, Chairman and Chief Executive Officer; Tom Bergmann, President; and Bob Houghton, Chief Financial Officer.
I will now turn the call over to Mr. Akradi. Please go ahead, sir.
Bahram Akradi
Good morning and thank you for joining us. With me this morning is Tom Bergmann and Bob Houghton. After my opening remarks, I will turn the call over to Bob to run through the numbers. And then Tom, Bob and myself will be available for questions and answers portion of the call.
So to start, we are right on track with our strategic progress on recovery from pandemic and poised to go beyond. As we have discussed in the past, our first priority coming out of the pandemic was to strictly play offense and focus on rebuilding our membership dues revenue.