Target Hospitality Reports Impressive 2023 Results Further Strengthening Financial Position Focused on Value Enhancing Capital Allocation Opportunities
Target Hospitality Corp. (TH)
Last target hospitality corp. earnings: 3/11 04:15 pm
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Source: PR Newswire
THE WOODLANDS, Texas, March 13, 2024 /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, 2023.Financial and Operational HighlightsRevenue of $563.6 million for the year ended December 31, 2023, an increase of 12% from the prior year.Net income of $173.7 million for the year ended December 31, 2023, compared to $73.9 million for the same period in 2022.Basic and diluted income per share of $1.71 and $1.56, respectively, for the year ended December 31, 2023.Adjusted EBITDA(1) of $344.2 million for the year ended December 31, 2023, an increase of 30% compared to the same period in 2022.Strong cash generation with approximately $157 million of Net Cash Provided by Operating Activities and $143 million of Discretionary Cash Flow(1) ("DCF")
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News
- TARGET HOSPITALITY ANNOUNCES FORMATION OF A SPECIAL COMMITTEE OF INDEPENDENT MEMBERS OF ITS BOARD OF DIRECTORSPR Newswire
- Target Hospitality Corp. (NASDAQ: TH) had its "hold" rating re-affirmed by analysts at Stifel Nicolaus. They now have a $12.00 price target on the stock, down previously from $13.00.MarketBeat
- Target Hospitality announces partnership with Chard Métis Dene Group Apr. 12, 2024 7:21 AM ET By: Meghavi Singh , SA News Editor [Seeking Alpha]Seeking Alpha
- Target Hospitality Announces Partnership with Chard Métis Dene Group [Yahoo! Finance]Yahoo! Finance
- Target Hospitality Announces Partnership with Chard Métis Dene GroupPR Newswire
TH
Earnings
- 3/13/24 - Beat
TH
Sec Filings
- 4/15/24 - Form 4
- 4/10/24 - Form 4
- 4/10/24 - Form 4
- TH's page on the SEC website