Town Sports International Holdings, Inc. (OQ:CLUB)

Business Focus: Gyms, Fitness and Spa Centers

Sector:  Consumer Cyclicals Industry:  Leisure & Recreation
See Regulatory Filings on SEC
Company Contact
Address: 1001 N US Highway 1 Ste 201
JUPITER FL 33477-4480
Tel: N/A
Website: N/A
Key People
Patrick D. Walsh
Executive Chairman of the Board, Chief Executive Officer
Carolyn M. Spatafora
Chief Financial Officer
Nitin Ajmera
Senior Vice President, Shared Services and Controller
Stuart M. Steinberg
General Counsel
Business Overview
Town Sports International Holdings, Inc. is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States fitness. As of December 31, 2016, the Company, through its subsidiaries, operated 150 fitness clubs (clubs). It owned and operated a total of 102 clubs under the New York Sports Clubs (NYSC) brand name within a 120-mile radius of New York City as of December 31, 2016, including 35 locations in Manhattan. It owned and operated 28 clubs in the Boston region under its Boston Sports Clubs (BSC) brand name, 12 clubs (one of which is partly-owned) in the Washington, D.C. region under its Washington Sports Clubs (WSC) brand name and five clubs in the Philadelphia region under its Philadelphia Sports Clubs (PSC) brand name as of December 31, 2016. In addition, as of December 31, 2016, it owned and operated three clubs in Switzerland and partly-owned one club that operated under a different brand name in Washington, D.C.
Financial Overview
For the nine months ended 30 September 2018, Town Sports International Holdings, Inc. revenues increased 11% to $329.6M. Net loss decreased 87% to $2.2M. Revenues reflect an increase in demand for the Company's products and services due to favorable market conditions. Lower net loss reflects Impairment of fixed assets decrease of 68% to $2.1M (expense), Depreciation and amortization decrease of 7% to $28M (expense).
Employees: 1,600 as of Dec 31, 2017
Reporting Currency: U.S. Dollars
Enterprise value: $349.37M as of Sep 30, 2018
Annual revenue (TTM): $434.94M as of Sep 30, 2018
EBITDA (TTM): $59.92M as of Sep 30, 2018
Net annual income (TTM): $18.77M as of Sep 30, 2018
Free cash flow (TTM): $27.17M as of Sep 30, 2018
Net Debt Last Fiscal Year: $197.97M as of Sep 30, 2018
Shares outstanding: 27,182,288 as of Oct 22, 2018
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization