Life Time Group Holdings, Inc. (NYSE:LTH) Q1 2022 Earnings Conference Call May 11, 2022 8:30 AM ET
Company Participants
Bahram Akradi - Chairman, and CEO
Tom Bergmann - President and CFO
Conference Call Participants
John Heinbockel - Guggenheim
Brian Nagel - Oppenheimer
Christopher Carril - RBC Capital
Simeon Siegel - BMO
Operator
Good morning, and welcome to the Life Time Group Holdings Conference Call to discuss financial results for the First Fiscal Quarter of 2022. At this time, all participants are in a listen-only mode. Later, we'll 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 call 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's 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 the 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 website. On the call from management today are Bahram Akradi, Founder, Chairman, and Chief Executive Officer, and Tom Bergmann, President and 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 our first quarter earnings call. Our long term strategy has been and remains to build and uphold the most premium, most loved and respected brand in the healthy way of life, live, work, play ecosystem.
As a result of executing this strategy, Life Time was at an inflection point for very accelerate growth pre-COVID. Despite the impact of government mandated shutdowns and masks, vaccines and other restrictions, we've continued to build and strengthen our brand reputation, systems and programs. And we are seeing great results and rewards from the way we treated our team members, members, landlords, vendors and communities. This has put us in a great position not only to recover, but to exceed our past performance.
Life Time is once again at an inflection point, with great outlook. Our fundamentals have not only been improving each month, they also have been accelerating. Tom will provide full color on this call.