Loading...
•
Sep 30, 2024
Target Hospitality Q3 2024 Earnings Report
Reported strong Q3 2024 results driven by solid business fundamentals.
Key Takeaways
Target Hospitality reported revenue of $95.2 million and net income of $20.1 million for the three months ended September 30, 2024. The company's strong cash generation and financial flexibility position it well for future growth opportunities.
Revenue reached $95.2 million.
Net income was $20.1 million.
Diluted EPS was $0.20.
Generated $31.4 million in net cash from operating activities.
Target Hospitality
Target Hospitality
Target Hospitality Revenue by Segment
Revenue by Segment
Government Revenue
CapyFin.comHospitality & Facilities Services - South Revenue
CapyFin.comAll Other Revenue
CapyFin.com Forward Guidance
Target Hospitality reiterates its 2024 outlook, expecting total revenue between $375 and $385 million and Adjusted EBITDA between $184 and $190 million.
Positive Outlook
- Total revenue between $375 and $385 million
- Adjusted EBITDA between $184 and $190 million
- Total capital spending between $25 and $30 million, excluding acquisitions
- Zero net debt by year end 2024
- Year end 2024 total available liquidity exceeding $350 million
Revenue & Expenses
Visualization of income flow from segment revenue to net income