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
- Playa Hotels & Resorts (NASDAQ:PLYA) Q3 Earnings: Leading The Travel and Vacation Providers Pack [Yahoo! Finance]Yahoo! Finance
- Should Value Investors Buy Target Hospitality (TH) Stock? [Yahoo! Finance]Yahoo! Finance
- Target Hospitality Announces Pecos Children's Center Contract Extension, Reaffirms 2024 Financial Outlook and Enhances Strategic Capabilities [Yahoo! Finance]Yahoo! Finance
- Target Hospitality Announces Pecos Children's Center Contract Extension, Reaffirms 2024 Financial Outlook and Enhances Strategic CapabilitiesPR Newswire
- Target Hospitality Corp. (NASDAQ: TH) had its "market perform" rating re-affirmed by analysts at Oppenheimer Holdings Inc..MarketBeat
TH
Earnings
- 11/12/24 - Beat
TH
Sec Filings
- 11/22/24 - Form 8-K
- 11/18/24 - Form 8-K
- 11/12/24 - Form 10-Q
- TH's page on the SEC website