secwatch.observer — SEC 8-K summary
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Issuer:     Target Hospitality Corp. (TH)
CIK:        0001712189
Form:       8-K
Filed at:   2024-03-13T23:59:59+00:00
Accession:  0001558370-24-003043
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1712189/000155837024003043/0001558370-24-003043-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1712189/000155837024003043/th-20240313x8k.htm
  HTML page:      https://secwatch.observer/filing/0001558370-24-003043

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer