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Mar 31, 2024
Target Hospitality Q1 2024 Earnings Report
Target Hospitality reported strong first quarter results driven by its core service offering and enhanced financial position.
Key Takeaways
Target Hospitality reported a revenue of $106.7 million and a net income of $20.4 million for the three months ended March 31, 2024. The company's financial position was enhanced by strong cash generation and significant financial flexibility.
Revenue reached $106.7 million.
Net income was $20.4 million.
Diluted income per share was $0.20.
Approximately $21.2 million was returned to shareholders through stock repurchases.
Target Hospitality
Target Hospitality
Target Hospitality Revenue by Segment
Forward Guidance
The company reiterated its preliminary 2024 outlook, excluding acquisitions, with total revenue between $410 and $425 million, Adjusted EBITDA between $195 and $210 million, and total capital spending between $25 and $30 million.
Positive Outlook
- Total revenue between $410 and $425 million
- Adjusted EBITDA between $195 and $210 million
- Total capital spending between $25 and $30 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income