Target Hospitality Corp

Target Hospitality Corp. engages in the provision of rental accommodations with premium catering and value-added hospitality services. It operates through the following business segments: Hospitality & Facilities Services - South, Hospitality & Facilities Services – Midwest, and Government. The Hospitality & Facilities Services - South segment operates facilities in the Permian Basin region and communities in Texas and New Mexico. The Hospitality & Facilities Services - Midwest segment reflects the facilities and operations in North Dakota. The Government segment includes facilities and operations to customers located primarily in Texas. The company was founded by Brian Scott Lash in 1978 and is headquartered in The Woodlands, TX.

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Target Hospitality Corp (TH) reports record 2022 results and outlines growth plans amidst inflation concerns

Target Hospitality Corp (TH) delivered strong financial performance in Q4 2022, driven by revenue growth and operational efficiency.
While facing challenges such as rising inflation and cost management, the company is well-positioned to capitalize on growth opportunities.
With a focus on expansion into new markets and strategic investments, Target Hospitality Corp (TH) aims to sustain its growth trajectory.
The company's robust liquidity position and revenue outlook for 2023 signal a positive outlook for future performance.

Target Hospitality Corp reports strong Q1 performance and eyes government growth

Target Hospitality Corp (TH) delivered a robust performance in Q1 2023, driven by strong government contracts and financial stability.
The company's focus on high-return opportunities and strategic investments bodes well for future growth and operational resilience.
While facing challenges such as operational uncertainties and capital management, TH remains poised to capitalize on growth opportunities in the market.

Target Hospitality Corp reports record Q2 results and eyes government expansion

Target Hospitality Corp's Q2 2023 performance reflects robust revenue growth and strong financial metrics, driven by government contracts and customer demand.
While the company faces challenges in managing liabilities and moderating CapEx, strategic partnerships and growth initiatives present promising opportunities for expansion.
With a focus on strengthening financial position and pursuing growth in government services, Target Hospitality Corp aims for continued success and strategic expansion.

Target Hospitality Corp excels in Q3 driven by government contracts

Target Hospitality's Q3 performance was marked by strong revenue, solid cash position, and a positive outlook for 2023. The company's emphasis on government contracts and premium services has been key to its success.

Target Hospitality Corp posts strong Q4 results, eyes growth in 2024

Target Hospitality Corp (TH) delivered robust Q4 2023 results, particularly in the Government segment. With a solid financial position and strategic initiatives in place, TH aims for continued growth in 2024. Analyst inquiries centered on key financial metrics and growth prospects.

Target Hospitality Corp (TH) reports robust Q1 earnings and eyes growth opportunities

Target Hospitality Corp (TH) delivered a strong Q1 performance, showcasing operational efficiencies and financial strength. Despite challenges in government gross margins and operational efficiency, the company remains focused on pursuing growth opportunities and diversifying revenue streams.

Target Hospitality Corp reports robust Q2 earnings and eyes growth opportunities

Target Hospitality Corp's Q2 2024 earnings call highlighted strong financial performance, operational efficiencies, and growth prospects. The company is well-positioned with a robust cash position and liquidity, while also exploring opportunities for expansion and service renewals.

Target Hospitality Corp (TH) reports robust Q3 earnings and eyes growth opportunities in Government and HFS segments

Target Hospitality Corp (TH) delivered strong Q3 2024 results, maintaining a solid financial position and focusing on growth opportunities in key segments. The company is actively managing its liabilities and returning value to shareholders through stock repurchases.

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Target Hospitality Corp. engages in the provision of rental accommodation with catering and hospitality services. It operates through the following business segments: HFS South, Government, and All Other. The HFS South segment consists primarily of rental and vertically integrated hospitality services revenue from customers in the natural resources and development industry located primarily in Texas and New Mexico. The Government segment is involved in rental and vertically integrated hospitality services revenue from customers with Government contracts in Texas. The All Other segment focuses on rental and vertically integrated hospitality services revenue from customers primarily in the natural resources and development industry located outside of the HFS South segment. The company was founded by Brian Scott Lash in 1978 and is headquartered in The Woodlands, TX.

Target Hospitality (TH) delivered earnings and revenue surprises of -20.51% and 2.81%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock?

Target Hospitality (TH) Q4 Earnings Lag Estimates

THE WOODLANDS, Texas , March 10, 2023 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the fourth quarter and year ended December 31, 2022. Financial and Operational Highlights Record revenue of $502.0 million for year ended December 31, 2022, an increase of 72% year-over-year Net income of $73.9 million for year ended December 31, 2022, compared to net loss of $4.6 million for the same period in 2021 Basic and diluted income per share of $0.76 and $0.74, respectively, for the year ended December 31, 2022 Record Adjusted EBITDA(1) of $264.7 million for year ended December 31, 2022, an increase of 122% from 2021 Record cash generation with net cash provided by operating activities of $305.6 million and Discretionary Cash Flow ("DCF")(1) of $293.3 million for the year ended December 31, 2022 Optimal financial flexibility with over $307 million in total available liquidity and net leverage ratio of 0.6 times as of December 31, 2022 Strong business momentum supporting four sequential quarterly increases in customer demand across Target's Hospitality and Facility Services ("HFS") segments, and a 17% increase in utilized beds compared to 2021 Extended numerous HFS customer contracts worth over $200 million of cumulative revenue through 2028 Maximizing network optimization with a 25% increase in total average utilized beds from 2021 Executing on strategic diversification with approximately 72% of 2022 revenue derived from committed revenue contracts backed by the United States government On February 2, 2023, amended and extended the maturity of the Company's ABL Credit Facility, dated March 15, 2019 (as amended, the "Amended ABL Facility"), further solidifying its strong financial position On February 28, 2023, announced the partial redemption of 9.50% Senior Secured Notes due 2024 (the "Senior Notes"), accelerating value creation through high return capital allocation initiatives Materially enhanced financial position to pursue diversifying growth strategy, seeking to allocate over $500 million of net growth capital through 2027 Executive Commentary "Our record setting 2022 results reflect Target's commitment to providing a range of premium service offerings, and critical hospitality solutions, to a suite of world-class customers.

Target Hospitality Announces Record Setting 2022 Results and Achieves Significant Milestone Towards Multiyear Contract Award for Expanded Humanitarian Community

THE WOODLANDS, Texas , March 2, 2023 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will release its fourth quarter and full year 2022 financial results before the market opens on Friday, March 10, 2023. The Company has also scheduled a conference call for Friday, March 10, 2023, at 9:00 am Eastern Time (8:00 am Central Time) to discuss the results.

Target Hospitality Announces Fourth Quarter and Full Year 2022 Earnings Release and Conference Call Schedule

THE WOODLANDS, Texas , Feb. 28, 2023 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (Nasdaq: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that its indirect subsidiary, Arrow Bidco, LLC, will redeem $125,000,000 in aggregate principal amount of its outstanding 9.50% Senior Secured Notes due 2024 (the "Notes") on March 15, 2023 (the "Redemption Date"). The Notes will be redeemed for a redemption price equal to 100.000% of the principal amount of the Notes redeemed plus accrued and unpaid interest to but not including the Redemption Date (together, the "Redemption Payment").

Target Hospitality Accelerates Value Creation with Partial Redemption of Senior Secured Notes due 2024

THE WOODLANDS, Texas , Feb. 15, 2023 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, announced on February 2, 2023, that it has amended and extended the terms of its ABL Credit Agreement, dated March 15, 2019 (as amended, the "Amended ABL Facility"), further solidifying its strong financial position and the foundation to continue executing it growth strategy. Target has remained focused on optimizing its financial position, centered on materially strengthening its balance sheet to maximize financial flexibility.

Target Hospitality Extends Credit Facility Providing Financial Flexibility to Execute Growth Strategy

This largest supplier of modular mobile housing with amenities serves business travelers, on-site workforces, the homeless, and migrants with increasing focus and reliance for growth on government contracts. After consecutive quarters of positive earnings, it appears another is on the way. Another increase last quarter and forecasts sparked a jump in share price; there might be more to come.

Outlook Improving For Target Hospitality Corp.

THE WOODLANDS, Texas , Feb. 13, 2023 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it has commenced an Environmental, Social and Governance ("ESG") strategy development and implementation process. Target is focused on utilizing the strength of its core mission, vision, and values to establish meaningful and measurable goals that align with specific ESG standards.

Target Hospitality Announces ESG Strategy

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THE WOODLANDS, Texas , Dec. 22, 2022 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (Nasdaq: TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today announced the closing of its previously announced exchange offer (the "Offer") relating to its outstanding warrants (the "Warrants"). Under the terms of the Offer, each Warrant holder had the opportunity to receive 0.37 shares of Target Common Stock, par value $0.0001 per share ("Common Stock"), for each Warrant tendered by the holder and exchanged pursuant to the Exchange Offer.

Target Hospitality Announces Closing of Warrant Exchange Offer

THE WOODLANDS, Texas , Dec. 19, 2022 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (Nasdaq: TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today announced the completion of its previously announced exchange offer (the "Offer") relating to its outstanding warrants (the "Warrants"). The Offer expired at 11:59 p.m.

Target Hospitality Announces Completion of Warrant Exchange Offer

THE WOODLANDS, Texas , Nov. 18, 2022 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality," "Target" or the "Company") (Nasdaq: TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today announced that it has commenced an exchange offer (the "Offer") relating to all of its outstanding Warrants (as defined below). The purpose of the Offer is to provide an opportunity for warrant holders to realize value and increased liquidity by transitioning on a cashless basis into shares of Target's common stock which have been registered with the Securities and Exchange Commission (the "SEC").

Target Hospitality Announces Commencement of Exchange Offer Relating to its Warrants

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Target Hospitality Corporation (NASDAQ:TH ) Q3 2022 Earnings Conference Call November 9, 2022 9:00 AM ET Company Participants Mark Schuck - SVP, IR & Financial Planning James Archer - CEO & President Eric Kalamaras - EVP & CFO Conference Call Participants Scott Schneeberger - Oppenheimer Stephen Gengaro - Stifel Gregory Gibas - Northland Capital Markets Operator Good morning, and welcome to the Target Hospitality Third Quarter 2022 Earnings Conference Call. [Operator Instructions].

Target Hospitality Corporation (TH) Q3 2022 Earnings Call Transcript

Target Hospitality (TH) delivered earnings and revenue surprises of -25.45% and 0.86%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock?

Target Hospitality (TH) Misses Q3 Earnings Estimates

THE WOODLANDS, Texas , Nov. 9, 2022 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically-integrated modular accommodations and value-added hospitality services, today reported results for the three months ended September 30, 2022. Financial and Operational Highlights for the Third Quarter 2022 Record quarterly revenue of $159.6 million for the three months ended September 30, 2022, an increase of 79% from the same period in 2021 Net income of $19.0 million for the three months ended September 30, 2022, compared to $6.7 million for the same period in 2021 Basic and diluted income per share of $0.20 for the three months ended September 30, 2022 Record quarterly Adjusted EBITDA(1) of $84.4 million for the three months ended September 30, 2022, an increase of 125% from the same period in 2021 Record cash generation with net cash provided by operating activities of $261.2 million and Discretionary Cash Flow ("DCF")(1) of $257.5 million for the three months ended September 30, 2022 Significant financial flexibility with over $300 million in total available liquidity and net leverage ratio of 0.8 times as of September 30, 2022 Exclusive 11-year partnership with nonprofit partner to continue jointly providing services solely for the expanded humanitarian community, previously announced on July 6, 2022, ("Expanded Humanitarian Community") Strong business momentum supporting three consecutive quarterly increases in customer demand across Target's Hospitality and Facility Services ("HFS") segments, driving a 14% increase from the third quarter of 2021 Extended multiple HFS customer contracts worth over $75 million of cumulative revenue through 2025 Maximizing network optimization with a 19% increase in total average utilized beds from the same period in 2021 Executing on strategic diversification with approximately 77% of third quarter 2022 revenue derived from committed revenue contracts backed by the United States government Authorized up to $100 million stock repurchase plan, expanding the range of potential value enhancing capital allocation initiatives Executive Commentary "Our impressive third quarter results are a direct reflection of our commitment to continue enhancing our operational flexibility, while increasing financial strength and maximizing asset utilization.

Target Hospitality Reports Record Third Quarter 2022 Results, Announces Exclusive 11-year Partnership and Authorizes up to $100 million Stock Repurchase Program

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THE WOODLANDS, Texas , Nov. 2, 2022 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will release its third quarter 2022 financial results before the market opens on Wednesday, November 9, 2022. The Company has also scheduled a conference call for Wednesday, November 9, 2022, at 9:00 am Eastern Time (8:00 am Central Time) to discuss the results.

Target Hospitality Announces Third Quarter 2022 Earnings Release and Conference Call Schedule

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THE WOODLANDS, Texas , Sept. 19, 2022 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today announced that it will attend and present at Deutsche Bank's 30th Annual Leveraged Finance Conference on Tuesday, September 20, 2022, and the Sidoti Virtual Conference on Thursday, September 22, 2022.

News for Target Hospitality Corp Stock (TH)