earnings
confidence high
sentiment negative
materiality 0.75
Target Hospitality Q1 net loss $6.5M, revenue $69.9M, reiterates FY2025 guidance
Target Hospitality Corp.
2025-Q1 EPS reported
-$0.07
revenue$69,897,000
- Revenue $69.9M vs $106.7M prior year; net loss $6.5M vs net income $20.4M; EPS loss $0.07.
- Adjusted EBITDA $21.6M vs $53.7M; decline driven by gov't segment contract terminations.
- Redeemed all $181.4M 10.75% Senior Notes due 2025 on March 25, expects annual interest savings ~$19.5M.
- Announced 5-year $246M Dilley Contract and multi-year $140M Workforce Hub Contract.
- Reiterated FY2025 outlook: revenue $265-285M, adjusted EBITDA $47-57M; net leverage 0.1x, liquidity $169M.