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.

Earnings data Q4 2020

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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.

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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.

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THE WOODLANDS, Texas , Dec. 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 certain contract terms associated with the November 6, 2023 humanitarian contract award for the Influx Care Facility ("ICF") located at Target's Pecos Children's Center ("PCC") community ("ICF Contract"). The $75 billion Indefinite Delivery, Indefinite Quantity ("IDIQ") contract adheres to the customary funding process noted in contracts of a similar nature and has a five-year period of performance with the ability to extend for an additional five years.

Target Hospitality Announces Details of $3.3 Billion Contract Award for Pecos Humanitarian Community

Target Hospitality Corp. is a small-cap stock with a high short interest and a 20.74% decrease in value over the past year. The company has shown year-over-year improvement in various financial metrics, including revenue, bottom-line performance, and cash flow. Target Hospitality's strong revenue and cash generation from government contracts present a compelling buying opportunity, with potential upside in the coming years.

Target Hospitality: Financial Strength Ascends While Stock Trends Downward

THE WOODLANDS, Texas , Nov. 27, 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 attend and present at the Bank of America 2023 Leveraged Finance conference on Tuesday, November 28, 2023. Presentation Details Bank of America 2023 Leveraged Finance Conference Date:    Tuesday, November 28, 2023 Time:    9:30 am Eastern Time (8:30 am Central Time) The event will be broadcast live via webcast.

Target Hospitality to Participate in Bank of America 2023 Leveraged Finance Conference

Target Hospitality just announced stronger-than-expected third-quarter results and a new contract award. The workforce lodging company predicted it will be net-debt-free by the end of 2023, and plans to allocate over $500 million toward strategic growth opportunities through 2027.

Why Target Hospitality Stock Jumped 16% on Wednesday

Target Hospitality Corp. (NASDAQ:TH ) Q3 2023 Earnings Conference Call November 8, 2023 9:00 AM ET Company Participants Mark Schuck - Senior Vice President of Investor Relations & Financial Planning Brad Archer - President & Chief Executive Officer Eric Kalamaras - Executive Vice President & Chief Financial Officer Conference Call Participants Scott Schneeberger - Oppenheimer Stephen Gengaro - Stifel Gregory Gibas - Northland Securities Operator Good day and welcome to the Target Hospitality Third Quarter 2023 Earnings Conference Call. [Operator Instructions] Please note, this event is being recorded.

Target Hospitality Corp. (TH) Q3 2023 Earnings Call Transcript

The headline numbers for Target Hospitality (TH) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Target Hospitality (TH) Reports Q3 Earnings: What Key Metrics Have to Say

THE WOODLANDS, Texas , Nov. 8, 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 three months ended September 30, 2023. Financial and Operational Highlights Third quarter 2023 revenue of $145.9 million compared to $159.6 million for the same period in 2022 Net income of $45.6 million for the three months ended September 30, 2023, compared to $19.0 million for the same period in 2022 Basic and diluted income per share of $0.45 and $0.43, respectively, for the three months ended September 30, 2023 Adjusted EBITDA of $95.0 million for the third quarter 2023, an increase of 13% compared to the same period in 2022 Strong cash generation with over $153 million of Discretionary Cash Flow ("DCF") for the twelve months ended September 30, 2023 Significant financial flexibility with approximately $230 million in total available liquidity and a net leverage ratio of 0.3x as of September 30, 2023 Enhanced liquidity profile with a $50 million expansion of the Company's credit facility, resulting in total available capacity of $175 million ("Expanded Credit Facility") Optimizing financial position with completion of exchange offer for outstanding 9.50% Senior Notes due 2024 ("Existing Notes") for new 10.75% Senior Notes due 2025 ("New Notes") Significant progress towards being net-debt free, with anticipated available liquidity exceeding $315 million by year-end 2023 Announced contract award for the Influx Care Facility (“ICF”) located at Target's Pecos Children's Center (“PCC”) community, solidifying its critical humanitarian mission, jointly with Target's existing non-profit partner Executive Commentary "Our impressive third quarter results are a continuation of the positive momentum we have sustained over the past several years.

Target Hospitality Reports Impressive Third Quarter 2023 Results and Announces Contract Award for Pecos Humanitarian Community

THE WOODLANDS, Texas , Nov. 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 third quarter 2023 financial results before the market opens on Wednesday, November 8, 2023. The Company has also scheduled a conference call for Wednesday, November 8, 2023, at 9:00 am Eastern Time (8:00 am Central Time) to discuss the results.

Target Hospitality Announces Third Quarter Earnings Release and Conference Call Schedule

THE WOODLANDS, Texas , Nov. 1, 2023 /PRNewswire/ -- Arrow Bidco, LLC (the "Issuer"), a Delaware limited liability company and an indirect subsidiary of Target Hospitality Corp. ("Target Hospitality", "Target", or the "Company") (NASDAQ: TH), today announced the settlement of the previously announced offer to exchange (the "Exchange Offer") any and all of its outstanding 9.50% Senior Secured Notes due 2024 (the "Existing Notes") for cash and for the Issuer's new 10.75% Senior Secured Notes due 2025 (the "New Notes") and solicitation of consents to certain proposed amendments to the indenture governing the Existing Notes (the "Consent Solicitation). The Exchange Offer expired at 5:00 p.m.

Arrow Bidco, LLC Announces Settlement of the Exchange Offer and Consent Solicitation in respect of its Senior Secured Notes; Further Optimizing Financial Flexibility and Liquidity Profile

Target Hospitality (TH) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report.

Can Target Hospitality (TH) Keep the Earnings Surprise Streak Alive?

Target Hospitality (TH) possesses the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Target Hospitality (TH) Earnings Expected to Grow: Should You Buy?

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TH or MTN: Which Is the Better Value Stock Right Now?

Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.

Should Value Investors Buy Target Hospitality (TH) Stock?

Target Hospitality (TH) appears to have found support after losing some value lately, as indicated by the formation of a hammer chart. In addition to this technical chart pattern, strong agreement among Wall Street analysts in revising earnings estimates higher enhances the stock's potential for a turnaround in the near term.

Target Hospitality (TH) Could Find a Support Soon, Here's Why You Should Buy the Stock Now

THE WOODLANDS, Texas , Oct. 16, 2023 /PRNewswire/ -- Arrow Bidco, LLC (the "Issuer"), a Delaware limited liability company and an indirect subsidiary of Target Hospitality Corp. ("Target Hospitality") (NASDAQ: TH), today announced the initial results of the previously announced offer to exchange (the "Exchange Offer") any and all of its outstanding 9.50% Senior Secured Notes due 2024 (the "Existing Notes") for cash and for the Issuer's new 10.75% Senior Secured Notes due 2025 (the "New Notes") and solicitation of consents to certain proposed amendments to the indenture governing the Existing Notes (the "Consent Solicitation"), in each case, upon the terms and subject to the conditions described in the Confidential Offering Memorandum and Consent Solicitation Statement, dated September 29, 2023 (as it may be amended or supplemented, the "Offering Memorandum"). As of 5:00 p.m.

Arrow Bidco, LLC Announces Early Participation Results of the Exchange Offer and Consent Solicitation in respect of its Senior Secured Notes

THE WOODLANDS, Texas , Oct. 12, 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 today that it has increased the available borrowing capacity under its Credit Agreement, dated March 15, 2019 (as amended, the "Amended Credit Facility"), by $50 million, for total available capacity of $175 million, subject to compliance with borrowing base requirements ("Expanded Credit Facility"). The additional credit capacity secured by the Company will be used for general corporate purposes, as needed.

Target Hospitality Expands Credit Facility; Significantly Increasing Liquidity Profile

Target Hospitality (TH) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

All You Need to Know About Target Hospitality (TH) Rating Upgrade to Strong Buy

Investors looking for stocks in the Leisure and Recreation Services sector might want to consider either Target Hospitality (TH) or Vail Resorts (MTN). But which of these two stocks presents investors with the better value opportunity right now?

TH vs. MTN: Which Stock Is the Better Value Option?

The mean of analysts' price targets for Target Hospitality (TH) points to a 27.6% upside in the stock. While this highly sought-after metric has not proven reasonably effective, strong agreement among analysts in raising earnings estimates does indicate an upside in the stock.

Wall Street Analysts Predict a 27.63% Upside in Target Hospitality (TH): Here's What You Should Know

THE WOODLANDS, Texas , Sept. 29, 2023 /PRNewswire/ -- Arrow Bidco, LLC (the "Issuer"), a Delaware limited liability company and an indirect subsidiary of Target Hospitality Corp. ("Target Hospitality") (NASDAQ: TH), today announced that it has commenced (i) an offer to exchange (the "Exchange Offer") any and all of its outstanding 9.50% Senior Secured Notes due 2024 (the "Existing Notes") for cash and for the Issuer's new 10.75% Senior Secured Notes due 2025 (the "New Notes") and (ii) a solicitation of consents to certain proposed amendments to the indenture governing the Existing Notes (the "Consent Solicitation"), in each case, upon the terms and subject to the conditions described in the Confidential Offering Memorandum and Consent Solicitation Statement, dated September 29, 2023, (the "Offering Memorandum").

Arrow Bidco, LLC Announces Exchange Offer and Consent Solicitation in respect of its Senior Secured Notes

Target Hospitality is a modular housing community company serving the energy industry and US government, with a majority of revenue and profitability coming from government contracts. The company operates 27 communities with almost 17,000 available beds, providing modular housing and services to large energy companies in the Permian basin. The company is seeking a five-year contract for housing unaccompanied migrant children in Pecos, Texas, which could significantly impact the company's valuation.

Target Hospitality: Potential Short-Term Positive Catalysts

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Target Hospitality has seen strong revenue growth based on continued growth in demand for humanitarian housing solutions. The company has significantly reduced its total long-term debt load since last December. I take a bullish view on Target Hospitality.

News for Target Hospitality Corp Stock (TH)