Target Hospitality FY2023 revenue up 12% to $563.6M; net income $173.7M; new PCC contract through 2028

Target Hospitality Corp.

Revenue $563.6M in FY2023, up 12% from prior year; Adjusted EBITDA $344.2M, up 30%.
Net income $173.7M vs. $73.9M; diluted EPS $1.56.
New Pecos Children's Center contract with $178M minimum annual revenue commitments through 2028.
Total available liquidity ~$279M; net leverage ratio 0.2x as of Dec 31, 2023.
Executed ~$17.8M in stock repurchases through March 8, 2024.

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 the fiscal year ended December 31, 2023 results: revenue $563.6 million, net income $173.7 million, EPS $1.71 and $1.56, respectively, for the year ended December 31, 2023.

Period: the fiscal year ended December 31, 2023
Revenue: $563.6 million
Net income: $173.7 million
EPS: $1.71 and $1.56, respectively, for the year ended December 31, 2023
Result: reported results

Exact text from the filing

and value-added hospitality services, today reported results for the fourth quarter and year ended December 31, 2023. Financial and Operational Highlights ● Revenue of $563.6 million for the year ended December 31, 2023, an increase of 12% from the prior year. ● Net income of $173.7 million for the year ended December 31, 2023, compared to $73.9 million for

View on SEC.gov

Browse all earnings releases →

Target Hospitality Corp. filing history →

Source: SEC EDGAR

accession 0001558370-24-003043

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.