Target Hospitality Announces Fourth Quarter and Full Year 2019 Results
Target Hospitality Corp. (TH)
Last target hospitality corp. earnings: 3/11 04:15 pm
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Source: Business Wire
THE WOODLANDS, Texas--(BUSINESS WIRE)--Target Hospitality Corp. (“Target Hospitality”, “Target” or the “Company”) (NASDAQ: TH), the largest provider of vertically-integrated specialty hospitality accommodations with premium catering and value-added hospitality services in the U.S., today reported results for the fourth quarter and year ended December 31, 2019.(1)Financial and Operational Highlights for the Year Ended 2019Revenues increased to $321.1 million, up 33% year-over-year, led by 44% growth in average available bedsNet income of $6.2 million, and Adjusted net income(2) of $46.3 million, up 41% year-over-yearBasic and diluted earnings per share of $0.07, and Adjusted basic and diluted earnings per share(2) of $0.49Adjusted EBITDA of $159.2 million, up 36% year-over-year with Adjusted EBITDA margin(2) of 50%Increase in average utilized beds to 9,923, up 42% year-over-year, driven by a combination of acquisitions and organic bed additionsSignificant cash generation, with net
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News
- Surging Earnings Estimates Signal Upside for Target Hospitality (TH) Stock [Yahoo! Finance]Yahoo! Finance
- INVESTIGATION NOTICE: Kaskela Law LLC Announces Shareholder Investigation of Target Hospitality Corp. (NASDAQ: TH) and Encourages Investors to Contact the FirmAccesswire
- Is Target Hospitality (TH) Stock Undervalued Right Now? [Yahoo! Finance]Yahoo! Finance
- Target Hospitality Corp. (NASDAQ:TH) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- Target Hospitality Reports Strong First Quarter 2024 Results Centered on Strength of Core Service Offering Further Enhancing Financial Position [Yahoo! Finance]Yahoo! Finance
TH
Earnings
- 5/8/24 - Beat
TH
Sec Filings
- 5/8/24 - Form 10-Q
- 5/8/24 - Form 8-K
- 4/15/24 - Form 4
- TH's page on the SEC website