Target Hospitality Q2 revenue $143.6M (+31%), net income $46.5M, record Adj. EBITDA $90.9M

Target Hospitality Corp.

2023-Q2 EPS reported $0.81 revenue$291,449,000

Revenue $143.6M (+31% YoY); net income $46.5M vs $22.9M; diluted EPS $0.44.
Record Adjusted EBITDA $90.9M (+62% YoY); net cash from ops $379M TTM; liquidity ~$195M.
Acquired strategic humanitarian assets; government seeks ICF capacity to ~10,000 beds.
Submitted bids supporting ~$1.0B capital deployment for ICF sites; strategic partnership formed.
Net leverage ratio 0.4x; strong balance sheet and financial flexibility.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Target Hospitality Corp. reported three months ended June 30, 2023 results: revenue $143.6 million, net income $46.5 million, EPS $0.46 and $0.44, respectively.

Period: three months ended June 30, 2023
Revenue: $143.6 million
Net income: $46.5 million
EPS: $0.46 and $0.44, respectively
Result: reported results

Exact text from the filing

hospitality services, today reported results for the three months ended June 30, 2023. Financial and Operational Highlights ● Second quarter 2023 revenue increased 31% to $143.6 million compared to the same period in 2022 ● Net income of $46.5 million for the three months ended June 30, 2023, compared to $22.9 million for the same period in 2022 ● Basic and

View on SEC.gov

Browse all earnings releases →

Target Hospitality Corp. filing history →

Source: SEC EDGAR

accession 0001558370-23-014074

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.