Town Sports International Holdings, Inc. CLUB announced preliminary Q4 results Monday.
Revenue for the fourth quarter is expected to come in at the higher end of the company’s previous guidance of $108.0 million to $109.0 million.
Adjusted EBITDA is expected to be approximately 5 percent to 10 percent above previous guidance of $8.8 million.
Fourth quarter 2014 average monthly attrition approximates 3.9 percent.
As of December 31, 2014, total ending member count was approximately 484,000, an increase of approximately 5,000 members from Q3 2014.
The company ended the quarter with approximately $94 million of cash on hand. Net debt is approximately $214 million, a decline of approximately $37 million from the end 2013.
Town Sports International recently traded at $6.61, up 5.6 percent.
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