{"schema_version":"secwatch.filing_event.v1","accession":"0001558370-24-007182","form_type":"8-K","ticker":"TH","cik":"0001712189","company_name":"Target Hospitality Corp.","filed_at":"2024-05-08T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.700927+00:00","generated_at":"2026-06-02T11:42:21.405071+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"neutral","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"Target Hospitality Q1 revenue $106.7M, net income $20.4M; receives $10.80/share acquisition proposal from TDR","bullets":["Revenue $106.7M, down 27.8% YoY; net income $20.4M ($0.20/share) vs $43.8M ($0.38).","Adjusted EBITDA $53.7M vs $90.6M; declines due to non-recurring PCC infrastructure amortization fully amortized in Nov 2023.","Reiterated FY2024 outlook: revenue $410-425M, Adj. EBITDA $195-210M, capex $25-30M.","Received unsolicited $10.80/share acquisition proposal from Arrow (TDR Capital); special committee formed to evaluate.","Balance sheet: $124M cash, $299M liquidity, net leverage 0.2x; repurchased 2.3M shares for $21.2M in Q1."],"urls":{"canonical":"https://secwatch.observer/filing/0001558370-24-007182","json":"https://secwatch.observer/filing/0001558370-24-007182.json","markdown":"https://secwatch.observer/filing/0001558370-24-007182.md","text":"https://secwatch.observer/filing/0001558370-24-007182.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1712189/000155837024007182/0001558370-24-007182-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1712189/000155837024007182/th-20240508x8k.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T11:42:21.405071+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"6146ad331ab78930d7cb50e4796b4c60660272ac","claim":"Target Hospitality Corp. reported the three months ended March 31, 2024 results: revenue $106.7 million, net income $20.4 million, EPS $0.20. Guidance reaffirmed.","evidence_excerpt":"accommodations and value-added hospitality services, today reported results for the three months ended March 31, 2024. ​ Financial and Operational Highlights ​ ● Revenue of $106.7 million for the three months ended March 31, 2024. ● Net income of $20.4 million for the three months ended March 31, 2024. ● Basic and diluted income per share of $0.20 fo r the three","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1712189/000155837024007182/0001558370-24-007182-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"the three months ended March 31, 2024"},{"label":"Revenue","value":"$106.7 million"},{"label":"Net income","value":"$20.4 million"},{"label":"EPS","value":"$0.20"},{"label":"Guidance","value":"reaffirmed"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}