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Dec 31, 2021
Target Hospitality Q4 2021 Earnings Report
Target Hospitality reported impressive 2021 results driven by strong government services demand and continued strengthening business fundamentals.
Key Takeaways
Target Hospitality Corp. reported strong Q4 2021 results, with revenue increasing to $81.7 million compared to $51.6 million for the same period in 2020 and net income of $2.8 million compared to a net loss of $9.3 million for the same period in 2020.
Revenue increased due to the government services contract and increased demand in the HFS – South segment.
Net income was $2.8 million, a significant improvement from the net loss in 2020.
Adjusted EBITDA increased by 113% compared to the same period in 2020.
Average utilized beds increased by 97% due to the government services contract and increased demand in the HFS – South segment.
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
The Company announced its preliminary 2022 financial outlook.
Positive Outlook
- Total revenue between $325 and $335 million
- Adjusted EBITDA between $125 and $135 million
- Total capital spending between $12 and $17 million, excluding acquisitions
Revenue & Expenses
Visualization of income flow from segment revenue to net income