secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2023-08-09T23:59:59+00:00
Accession:  0001558370-23-014074
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000155837023014074/0001558370-23-014074-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000155837023014074/th-20230809x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-23-014074

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