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Target Hospitality Corp. - $TH STOCK NEWS

Welcome to our dedicated page for Target Hospitality news (Ticker: $TH), a resource for investors and traders seeking the latest updates and insights on Target Hospitality stock.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Target Hospitality's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Target Hospitality's position in the market.

News
Target Hospitality Announces First Quarter 2024 Earnings Release and Conference Call Schedule
Rhea-AI Summary

Target Hospitality Corp. announced its first quarter 2024 financial results release and conference call schedule. The company will release the results on May 8, 2024, and hold a conference call on the same day to discuss them. The conference call will be available through a live webcast on the company's website.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.27%
Tags
earnings
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News
TARGET HOSPITALITY ANNOUNCES FORMATION OF A SPECIAL COMMITTEE OF INDEPENDENT MEMBERS OF ITS BOARD OF DIRECTORS
Rhea-AI Summary

Target Hospitality Corp., one of North America's largest providers of modular accommodations and hospitality services, announced the formation of a Special Committee to evaluate an unsolicited non-binding proposal from Arrow Holdings S.à r.l. to acquire all outstanding shares of common stock for cash consideration of $10.80 per share. The committee will also consider alternative proposals and strategic alternatives. The company has retained Centerview Partners and Ardea Partners LP as financial advisors and Cravath, Swaine & Moore LLP as its legal advisor. There is no assurance that any transaction will result from the committee's evaluation.

Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.71%
Tags
management
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News
Target Hospitality Announces Partnership with Chard Métis Dene Group
Rhea-AI Summary
Target Hospitality Corp. announces a regional partnership with Chard Métis Dene Group of Companies in Alberta, Canada, focusing on economic development and community support.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.02%
Tags
partnership
News
Target Hospitality Receives Buyout Offer from TDR Capital
Rhea-AI Summary
Target Hospitality Corp. receives an unsolicited proposal from Arrow Holdings S.à r.l. to acquire outstanding shares for $10.80 per share. The Board will establish a special committee to review the Proposal.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
24.66%
Tags
none
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News
Target Hospitality Reports Impressive 2023 Results Further Strengthening Financial Position Focused on Value Enhancing Capital Allocation Opportunities
Rhea-AI Summary
Target Hospitality Corp. reported strong financial results for the fourth quarter and year ended December 31, 2023, with revenue reaching $563.6 million, a 12% increase from the previous year. The company also saw a significant rise in net income to $173.7 million and Adjusted EBITDA of $344.2 million, reflecting a 30% growth compared to 2022. Target Hospitality secured a new contract with the Pecos Children's Center, ensuring a minimum annual revenue commitment of $178 million. The company's robust financial position, with $279 million in available liquidity and a net leverage ratio of 0.2x, supports its plans to invest over $500 million in growth capital through 2027. Additionally, Target Hospitality executed $17.8 million in stock repurchases, demonstrating a focus on value creation for shareholders.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.52%
Tags
none
-
News
Target Hospitality Announces Fourth Quarter and Full Year 2023 Earnings Release and Conference Call Schedule
Rhea-AI Summary
Target Hospitality Corp. announced the release of its fourth quarter and full year 2023 financial results on March 13, 2024. The company will hold a conference call to discuss the results at 9:00 am Eastern Time. Investors can access the call via webcast or phone dial-in.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-4.45%
Tags
earnings
News
Target Hospitality Announces Appointment of John C. Dorman to Board of Directors
Rhea-AI Summary
Target Hospitality Corp. appoints John C. Dorman to its board of directors, bringing over 40 years of experience in executive leadership roles across software and services companies in the financial technology sector. Mr. Dorman's expertise will aid Target in pursuing strategic growth initiatives and diversifying its customer base.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.57%
Tags
management
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News
Target Hospitality Announces Senior Level Promotions
Rhea-AI Summary
Target Hospitality Corp. promotes Jason Vlacich to Chief Financial Officer and Chief Accounting Officer and Troy Schrenk to Senior Executive Vice President of Operations and Chief Commercial Officer. The company reaffirms its full year 2023 and preliminary 2024 financial outlook, following a multi-year humanitarian contract award. Both leaders bring extensive experience and expertise to their new roles, aligning well with the company's strategic goals.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
3.68%
Tags
none
-
News
Target Hospitality Announces Details of $3.3 Billion Contract Award for Pecos Humanitarian Community
Rhea-AI Summary
Target Hospitality Corp. (Nasdaq: TH) has announced the terms of the $75 billion IDIQ contract for the Influx Care Facility at the Pecos Children's Center community, with a potential funding of up to $3.3 billion through 2028. The company also entered into a new contract expected to provide approximately $178 million of minimum annual lease revenue commitments, with a 5-year cumulative minimum lease revenue of approximately $892 million through 2028. The total potential value of the new contract could exceed $1.7 billion through 2028. The company's preliminary 2024 financial outlook indicates total revenue between $410 and $425 million and adjusted EBITDA between $195 and $210 million.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-9.58%
Tags
none
News
Target Hospitality to Participate in Bank of America 2023 Leveraged Finance Conference
Rhea-AI Summary
Target Hospitality Corp. (TH) to present at Bank of America 2023 Leveraged Finance conference on November 28, 2023. The event will be broadcast live via webcast and a replay will be available through the Investors section of Target Hospitality's website.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-0.46%
Tags
conferences
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Target Hospitality Corp.

Nasdaq:TH

TH Rankings

#2355 Ranked by Market Cap
#1016 Ranked by Stock Gains
N/A Ranked by Dividends

TH Stock Data

1.12B
26.15M
4.11%
98.07%
1.23%
Travel Agencies
Administrative and Support and Waste Management and Remediation Services
Link
United States of America
THE WOODLANDS

About TH

target hospitality corp. operates as a specialty rental and hospitality services company in the united states. the company operates through three segments: permian basin, bakken basin, and government. it owns a network of specialty rental accommodation units with approximately 13,800 beds across 25 sites. the company owns and operates 26 communities in the permian and bakken basins. it serves investment grade oil and gas companies, energy infrastructure companies, and u.s. government and government contractors. the company is headquartered in the woodlands, texas.