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
IR: See website
Key People
Patrick D. Walsh
Executive Chairman of the Board, Chief Executive Officer
Phillip Juhan
Chief Financial Officer
Nitin S. 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 fiscal year ended 31 December 2019, Town Sports International Holdings, Inc. revenues increased 5% to $466.8M. Net loss totaled $18.6M vs. income of $77K. Revenues reflect Fees and other increase of 12% to $6.4M. Net loss reflects Payroll and related increase of 8% to $180.9M (expense), Impairment of fixed assets increase from $2.1M to $7.2M (expense), General and administrative - Balancing v increase of 18% to $25.8M (expense).
Employees: 1,900 as of Dec 31, 2019
Reporting Currency: U.S. Dollars
Enterprise value: $182.97M as of Dec 31, 2019
Annual revenue (TTM): $466.76M as of Dec 31, 2019
EBITDA (TTM): $39.45M as of Dec 31, 2019
Net annual income (TTM): -$18.56M as of Dec 31, 2019
Free cash flow (TTM): $14.40M as of Dec 31, 2019
Net Debt Last Fiscal Year: $169.22M as of Dec 31, 2019
Shares outstanding: 29,710,045 as of Jun 12, 2020
TTM: Trailing Twelve Months
EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization