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Home » Fitness » Life Time Fitness Announces Second Quarter 2012 Financial Results

CHANHASSEN, Minn.--(BUSINESS WIRE)--

Life Time Fitness, Inc. (LTM), The Healthy Way of Life Company, today reported its financial results for the second quarter ended June 30, 2012.

Second quarter 2012 revenue grew 12.3% to $288.3 million from $256.7 million during the same period last year. Total revenue for the first six months of 2012 grew 11.9% to $556.8 million from $497.3 million during the same period last year.

Net income for the quarter was $30.3 million, or $0.73 per diluted share, compared to net income of $24.9 million, or $0.61 per diluted share, for 2Q 2011. Net income for the first six months of 2012 was $56.0 million, or $1.34 per diluted share, compared to net income of $45.8 million, or $1.12 per diluted share, for the prior-year period.

I am pleased with our second quarter operating results, which included strong top-line and in-center revenue expansion, and net income growth, said Bahram Akradi, chairman, president and chief executive officer. Our results also reflect the ongoing progress weve made in driving our member experience and connectivity objectives. Our focus remains on growing our Healthy Way of Life Company and brand by providing our members and customers with programs and services both inside and outside of our centers that help them achieve their goals. Our business model is strong and the investments we are making further position Life Time for long-term growth and success.

During the quarter, Life Time opened new centers in Tulsa and Atlanta, marking its first and sixth locations in Oklahoma and Georgia, respectively. The Company also continued the integration, remodeling and rebranding activities associated with the acquired Lifestyle Family Fitness facilities in Indiana, Ohio and North Carolina. Life Time now operates 105 centers in the United States and Canada.

Three and Six Months Ended June 30, 2012, Financial Highlights:

Total revenue for the second quarter grew 12.3% to $288.3 million from $256.7 million in 2Q 2011. Total revenue for the first six months of 2012 grew 11.9% to $556.8 million from $497.3 million during the same period last year.

(Period-over-period growth)

2Q 2012 vs. 2Q 2011 (in millions except revenue per membership data)

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Life Time Fitness Announces Second Quarter 2012 Financial Results

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Home » Fitness » Life Time Fitness Announces Second Quarter 2012 Financial Results