Target Hospitality Corp Stock Price, News & Analysis

Target Hospitality Corp. (NASDAQ: TH) announced that Brad Archer will continue as President and CEO until June 30, 2025. Archer's decision follows discussions with the Board amid ongoing transformational changes within the company. Target Hospitality is advancing its strategic diversification and is close to securing a contract to enhance its role in U.S. domestic humanitarian aid missions. This development is expected to drive growth and value creation. The Board expresses support for Archer's leadership as the company aims to maximize shareholder value and expand its service offerings.

Target Hospitality Corp. (NASDAQ: TH) reported a robust first quarter in 2022, with revenue of $80.3 million, marking a 77% increase from 2021. The company achieved a net income of $0.5 million compared to a loss of $13.1 million in Q1 2021. Adjusted EBITDA surged by 109% to $33.4 million. Strong demand is evident, with customer demand rising by 65% year-over-year, and 58% of revenue linked to government contracts, which grew by 159%. The company maintains a net leverage ratio of 2.6 times and has approximately $115 million in available liquidity.

Target Hospitality Corp. (NASDAQ: TH) will release its first quarter 2022 financial results on May 10, 2022, before the market opens. A conference call is scheduled for the same day at 9:00 AM ET to discuss these results. Investors can access the call via a live webcast on the company's website. As one of North America's largest providers of modular accommodations and hospitality services, Target continues to enhance its offerings, which include food service management and logistics.

Target Hospitality Corp. (NASDAQ: TH), the largest provider of modular accommodations in North America, will present at Oppenheimer's 17th Annual Industrial Growth Conference on May 3, 2022, at 12:45 PM Eastern Time. The event will be available via live webcast on the company's website. A replay will also be accessible for a limited time. Target Hospitality offers a range of hospitality services including food service management and logistics, operating comprehensive communities tailored for various end users.

Target Hospitality Corp. (NASDAQ: TH) reported a strong performance for 2021, with revenues of $291.3 million, a 29% increase year-over-year, and a reduced net loss of $4.6 million compared to $25.1 million in 2020. Adjusted EBITDA rose by 52% to $119.2 million, exceeding projections. The government segment revenue surged by 147%, contributing significantly to cash flow, which reached $104.6 million. Target also improved its net leverage ratio by 58% to 2.7 times, with $148 million in liquidity. Preliminary 2022 revenue outlook is $325-$335 million.

Target Hospitality Corp. (NASDAQ: TH) will release its fourth quarter and full year 2021 financial results on March 10, 2022, before market opens. A conference call is also scheduled for the same day at 9:00 AM ET to discuss these results. Investors can join via live webcast on the company’s website. As North America’s largest provider of modular accommodations and hospitality services, Target Hospitality focuses on delivering customized solutions for various end users.

Target Hospitality Corp. (NASDAQ: TH) announced Brad Archer's resignation as President and CEO, effective December 31, 2022, as part of a succession plan. Archer will assist in the transition and remains a strategic advisor. Under his tenure since 2014, the company achieved significant milestones, including a 29% increase in anticipated full-year 2021 revenue to approximately $290 million, exceeding prior projections. The Board has formed a search committee to find Archer's successor, emphasizing the company's strong market position and robust customer demand.

Target Hospitality Corp. (NASDAQ: TH), the largest provider of vertically-integrated modular accommodations in North America, will present at the Bank of America Securities 2021 Leveraged Finance Conference on November 30, 2021, at 3:45 PM ET. The event will be available via live webcast on the company's website, and a replay will be accessible for a limited time. Target Hospitality specializes in custom communities offering comprehensive hospitality services, including premium food service, logistics, and recreational facilities.

Target Hospitality Corp. (NASDAQ: TH) announces the appointment of Brigadier General (USAF Ret.) Linda R. Medler to its board of directors, effective January 1, 2022. This move aligns with the company's strategy to broaden its service offerings, particularly in government services. Medler's extensive experience in cybersecurity and technology strategies will enhance Target's capabilities in pursuing growth opportunities within the government sector. Target Hospitality aims to leverage her expertise to strengthen its reputation as a trusted provider of critical support services.