Target Hospitality Announces Second Quarter 2019 Results
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Target Hospitality (TH) Misses Q2 EPS by 2c, Revenues Miss; Affirms FY19 Revenue Mid-Point Guidance Below Cosnensus
August 13, 2019 4:07 PM EDTTarget Hospitality (NASDAQ: TH) reported Q2 EPS of $0.13, $0.02 worse than the analyst estimate of $0.15. Revenue for the quarter came in at $81.4 million versus the consensus estimate of $83.21 million.
Financial and Operational Highlights for the Second Quarter 2019
79% increase in total revenues to $81.4 million, led by growth in the Permian Basin139% increase in Net income to $10.6 million, or $0.11 per diluted share92% increase in Adjusted net income(1) to $12.8 million, or $0.13 per diluted share excluding after-tax charges and (credits) of $2.2 million80% increase in Adjusted EBITDA(1) to $41.2 million, with Adjusted EBITDA margin(1) of... More