LTM Adjusted EBITDA definition

LTM Adjusted EBITDA means Consolidated EBITDA for the period of four fiscal quarters ending on the last day of the most recent fiscal quarter for which financial statements are internally available.

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LTM Adjusted EBITDA means net income on a consolidated basis for the Corporation and its Subsidiaries, plus interest expense, plus tax expense, plus depreciation and amortization expense, plus employee share-based compensation expense, plus acquisition and integration related expenses, and plus equity issuance and related offering costs, in each case, for the trailing 12 calendar months (“Adjusted EBITDA”), and plus, without duplication, the Acquired EBITDA of any Pro Forma Entity acquired by the Corporation or a Subsidiary during such period to the extent not subsequently disposed by the Corporation, and calculated as if such acquisition occurred on the first day of such period with adjustments made through the date of acquisition.

LTM Adjusted EBITDA means, with respect to any twelve (12)-month period prior to a determination date, the last twelve (12) months’ aggregate amount of Adjusted EBITDA. Schedule I sets forth an illustrative calculation of LTM Adjusted EBITDA for the twelve (12)-month period ended September 30, 2024.

Examples of LTM Adjusted EBITDA in a sentence

• Based on this analysis and other considerations that Centerview deemed relevant in its experience and professional judgment, Centerview applied a range of 7.0x to 9.0x to Era’s LTM Adjusted EBITDA of $36 million as of December 31, 2019.

• The Lazard analysis indicated the following: Price Per Share as a multiple of LTM EPS 15.1 x 15.0 x 8.7x-21.6x LTM Revenues 0.61 x 0.60 x 0.38x-0.86x LTM Adjusted EBITDA 6.8 x 6.3 x 5.8x-08.9x LTM Adjusted EBIT 8.9 x 8.5 x 7.5x-11.2x Based on these analyses, Lazard determined that the implied equity value per Share ranged from approximately $35.00 to $42.50 per Share.

• For purposes of this Agreement, "LTM Adjusted EBITDA" shall be determined in accordance with the Company's historical practices.

• Maintain, as of the last day of the fiscal quarter ending on each date set forth below, a LTM Adjusted EBITDA not less than the amount set forth in the table below opposite such date.

• No Shares subject to the RSUs shall vest or be payable unless the Company achieves LTM Adjusted EBITDA of at least $150 million as of the end of any fiscal quarter ending prior to the third anniversary of the Grant Date (the “Performance Measure”).

More Definitions of LTM Adjusted EBITDA

LTM Adjusted EBITDA means Adjusted EBITDA for the 12 month period to 31 December 2017.

LTM Adjusted EBITDA means, for Parent and its consolidated subsidiaries (including, for avoidance of doubt, the pre-Effective Date LTM Adjusted EBITDA of the Company and its consolidated subsidiaries), for any trailing twelve month period ending on any calendar quarter following the Effective Date, “Adjusted EBITDA” calculated in a manner consistent with the calculation thereof set forth under the caption “Summary unaudited pro forma and historical consolidated financial data” set forth in that certain Offering Memorandum dated June 21, 2002 pursuant to which WH Acquisition Corp. privately placed an aggregate of $165 million of its 11.75% Senior Subordinated Notes due 2010. The Company shall pay the aforementioned fees and expenses to Sponsor or its designee on a quarterly (calendar year) basis, in arrears. “Senior Credit Agreement” means that certain Credit Agreement (as the same may be amended, restated or otherwise modified from time to time) to be dated on or about July 31, 2002, among the Company, the subsidiaries of Parent listed therein as guarantors, the lenders listed therein, UBS Warburg LLC, as arranger, UBS AG, Stamford Branch, as administrative agent and collateral agent, and the other parties listed therein as agents.

LTM Adjusted EBITDA means Adjusted EBITDA for the 12 month period to 31 March 2020.

LTM Adjusted EBITDA means Adjusted EBITDA for the 12 month period to 30 June 2019.

LTM Adjusted EBITDA means, as of any date, the Company’s Adjusted EBITDA on a consolidated basis for any applicable preceding twelve (12) month period.

LTM Adjusted EBITDA means, as determined in accordance with U.S. GAAP, the consolidated net earnings of the Company, including net earnings attributable to any non-controlling interest before interest income or expense, income taxes, depreciation, amortization, and any expenses arising solely from the Merger charged to income in such period.

LTM Adjusted EBITDA means Consolidated Adjusted EBITDA of Concentra for the most recent period of four consecutive fiscal quarters of Concentra ended prior to such date for which internal financial statements are available.