secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2023-03-10T23:59:59+00:00
Accession:  0001558370-23-003382
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Target Hospitality reports record FY2022 revenue of $502M, net income of $73.9M
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- Record revenue $502.0M, up 72% YoY; net income $73.9M vs net loss $4.6M in 2021.
- Adjusted EBITDA $264.7M, up 122% YoY; net cash from ops $305.6M.
- Total available liquidity >$307M, net leverage 0.6x as of Dec 31, 2022.
- 72% of 2022 revenue from committed US government contracts; 17% increase in utilized beds YoY.
- Post-period: amended/ extended ABL facility; announced partial redemption of 9.5% Senior Secured Notes due 2024.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000155837023003382/0001558370-23-003382-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000155837023003382/th-20230310x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-003382

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