Target Hospitality Corp (OQ:TH)
Business Focus: Hotels, Motels & Cruise Lines
| Sector: Consumer Cyclicals | Industry: Hotels, Motels & Cruise Lines |
| See Regulatory Filings on SEC | |
| Company Contact | |
| Address: | 9320 LAKESIDE BLVD., SUITE 300 THE WOODLANDS TX 77381 |
| Tel: | 1-832-7028009 |
| Website: | https://www.targethospitality.com |
| IR: | See website |
| Key People | ||
| James B. Archer President, Chief Executive Officer, Director | Jason Vlacich Chief Financial Officer, Chief Accounting Officer | Heidi D. Lewis Executive Vice President, General Counsel, Secretary |
| J. Travis Kelley Executive Vice President - Operations | Troy C. Schrenk Senior Executive Vice President Operations and Chief Commercial Officer | Judson Greif Vice President - Affairs and Strategic Growth | Hope Hunter Vice President - Federal Affairs and Strategic Partnerships |
| Business Overview |
| Target Hospitality Corp. offers vertically integrated specialty rental and hospitality services companies in North America. The Company operates through three segments: HFS - South, Government, and All Other. HFS - South Segment operations consist primarily of specialty rental and vertically integrated hospitality services revenue from customers in the natural resources and development industry located primarily in Texas and New Mexico. Government Segment operations consist primarily of specialty rental and vertically integrated hospitality services revenue from customers with government contracts located in Texas. All Other Segment operations consist primarily of revenue from specialty rental and vertically integrated hospitality services revenue from customers primarily in the natural resources and development industry located outside the HFS - South segment. The Company provides specialty rental accommodations, culinary services, and hospitality solutions. |
| Financial Overview |
| For the three months ended 31 March 2024, Target Hospitality Corp revenues decreased 28% to $106.7M. Net income decreased 53% to $20.4M. Revenues reflect Govenment segment decrease of 38% to $67.6M, All others segment decrease of 16% to $2.1M. Net income also reflects Amortization of original issue discount increase from $193K to $417K (expense), Interest income decrease of 7% to $1.2M (income). |
| Employees: | 984 as of Dec 31, 2023 |
| Reporting Currency: | U.S. Dollars |
| Enterprise value: | $1,210M as of Mar 31, 2024 |
| Annual revenue (TTM): | $522.46M as of Mar 31, 2024 |
| EBITDA (TTM): | $295.45M as of Mar 31, 2024 |
| Net annual income (TTM): | $150.26M as of Mar 31, 2024 |
| Free cash flow (TTM): | $144.05M as of Mar 31, 2024 |
| Net Debt Last Fiscal Year: | $57.17M as of Mar 31, 2024 |
| Shares outstanding: | 100,277,272 as of May 3, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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