Target Hospitality, CoreCivic plunge as government terminates Dilley facility contracts [Seeking Alpha]
Target Hospitality Corp. (TH)
Last target hospitality corp. earnings: 3/11 04:15 pm
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Source: Seeking Alpha
Target Hospitality ( TH ) received notice on Monday that the government will terminate its contract for the Dilley facility in 60 days, or on or about August 9, according to a statement late Monday. Given the notice of termination, Target intends to provide operational and financial updates giving effect to the termination prior to June 30. The Dilley facility generates about $55 million in annual revenue and $35-$37 million in gross profit for Target Hospitality ( TH ), or 14% and 15% of annual revenue and profit, Stifel analyst Stephen Gengaro estimated in a note. CoreCivic ( CXW ) also announced that the U.S. Immigration and Customs Enforcement that the agency intends to terminate its contract in 60 days, according to a statement on Monday. For the year ended December 31, 2023, and for the quarter ended March 31, 2024, total revenues at the Dilley facility were $156.6 million and $39.3 million, respectively, CoreCivic ( CXW ) is suspending its financial guidance for 2024. Th
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TH
News
- TH STOCKHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC Reminds Hospitality Corp. Investors to Actively Participate in Class Action Lawsuit!”Accesswire
- Affected Shareholders Are Encouraged To Reach Out To The Schall Law Firm That Is Probing Claims Against Target Hospitality CorpAccesswire
- TH SHAREHOLDER ALERT: Bronstein, Gewirtz and Grossman, LLC - RECOGNIZED INVESTOR COUNSEL - Reminds Target Hospitality Corp. Shareholders to Lead Class Action Lawsuit!Accesswire
- SHAREHOLDER ALERT: Pomerantz Law Firm Investigates Claims on Behalf of Investors of Target Hospitality Corp. - THPR Newswire
- Target Hospitality Corp. Investors: Company Investigated by the Portnoy Law FirmGlobeNewswire
TH
Earnings
- 5/8/24 - Beat
TH
Sec Filings
- 6/11/24 - Form 8-K
- 5/28/24 - Form 4
- 5/28/24 - Form 4
- TH's page on the SEC website