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Dec 31, 2023
Target Hospitality Q4 2023 Earnings Report
Target Hospitality's financial position was further strengthened, and impressive 2023 results were reported.
Key Takeaways
Target Hospitality reported revenue of $126.22 million and net income of $37.843 million for the three months ended December 31, 2023. The company's financial position remains strong with available liquidity of approximately $279 million.
Revenue for the three months ended December 31, 2023, was $126.2 million compared to $152.4 million for the same period in 2022.
Net income was $37.8 million for the three months ended December 31, 2023, compared to $31.6 million for the same period in 2022.
Adjusted EBITDA was $67.7 million for the three months ended December 31, 2023, compared to $90.8 million for the same period in 2022.
As of December 31, 2023, the Company had approximately $104 million of cash and cash equivalents with approximately $279 million of total available liquidity.
Revenue by Segment
Forward Guidance
The Company is reiterating its preliminary 2024 outlook, excluding acquisitions of: Total revenue between $410 and $425 million, Adjusted EBITDA between $195 and $210 million, Total capital spending between $25 and $30 million, excluding acquisitions
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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