Target Hospitality Q3 revenue $159.6M (+79%), net income $19.0M, EPS $0.20, authorizes $100M buyback

Target Hospitality Corp.

2022-Q3 EPS reported $0.44 revenue$349,547,000

Record Q3 revenue $159.6M (+79% YoY); net income $19.0M ($0.20 diluted EPS).
Adjusted EBITDA $84.4M (+125% YoY); operating cash flow $261.2M.
Over $300M liquidity, net leverage 0.8x; board authorized up to $100M stock repurchase.
Extended multiple HFS customer contracts worth over $75M cumulative revenue through 2025.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Target Hospitality Corp. reported three months ended September 30, 2022 results: revenue $159.6 million, net income $19.0 million, EPS $0.20.

Period: three months ended September 30, 2022
Revenue: $159.6 million
Net income: $19.0 million
EPS: $0.20
Result: reported results

Exact text from the filing

Record quarterly revenue of $159.6 million for the three months ended September 30, 2022

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Source: SEC EDGAR

accession 0001558370-22-016999

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