Tivity Health Previews Preliminary Fourth Quarter 2018 Financial Results

Tivity Health^®, Inc. (NASDAQ:TVTY) today announced preliminary unaudited financial results for the quarter and year ended December 31, 2018.  The Company anticipates reporting fourth quarter 2018 results of operations on February 19, 2019.

Fourth Quarter and Full Year 2018 Preliminary Highlights

• Revenues of $152 million to $154 million expected for the fourth quarter and $605 million to $607 million for full year 2018.
• Income from continuing operations of $27.5 million to $29.5 million expected for the fourth quarter and $97 million to $99 million for full year 2018.
• EBITDA of $33 million to $35 million expected for the fourth quarter and $137 million to $139 million for full year 2018. Adjusted EBITDA, which excludes project costs incurred in connection with potential and pending acquisitions, of $36 million to $38 millionexpected for the fourth quarter and $141 million to $143 million for full year 2018. See page 4 for a reconciliation of non-GAAP financial measures.
• Cash flow from operations of $33 million to $35 million expected for the fourth quarter and $108 million to $110 million for full year 2018.
• Cash and total debt balances of approximately $2 million and $31 million, respectively, expected at December 31, 2018.
• SilverSneakers^® visits of approximately 102 million to 103 million expected for full year 2018 and Prime^® Fitness enrollees of approximately 295,000 to 296,000 expected at December 31, 2018.

“I am pleased to report our preliminary financial results for the fourth quarter.  We had an excellent start to the fourth quarter driven by continued positive momentum we observed in the previous two quarters in SilverSneakers^® visits.  While we believe adverse winter weather caused some disruption to visits in late November and early December, our engagement and awareness initiatives continue to yield positive results. Our strong operational and financial results for 2018 illustrate the power of our flagship SilverSneakers brand while our Prime^® Fitness offering continues to be our fastest growing line of business,” said Donato Tramuto, Tivity Health’s Chief Executive Officer.  “Our strong free cash flow has allowed us to continue to pay down debt and make investments that we believe will address the major drivers of healthcare costs in our nation.”

https://www.marketscreener.com/TIVITY-HEALTH-INC-33296226/news/Tivity-Health-Previews-Preliminary-Fourth-Quarter-2018-Financial-Results-27928080/