Target Hospitality (TH) Misses Q4 EPS by 1c, Revenues Beat
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Target Hospitality Announces Fourth Quarter and Full Year 2019 Results
March 11, 2020 4:15 PM EDTTHE WOODLANDS, Texas--(BUSINESS WIRE)-- Target Hospitality Corp. (Target Hospitality, Target or the Company) (NASDAQ: TH), the largest provider of vertically-integrated specialty hospitality accommodations with premium catering and value-added hospitality services in the U.S., today reported results for the fourth quarter and year ended December 31, 2019.(1)
Financial and Operational Highlights for the Year Ended 2019
Revenues increased to $321.1 million, up 33% year-over-year, led by 44% growth in average available beds Net income of $6.2 million, and Adjusted net income(2) of $46.3 million, up 41% year-over-year Basic and diluted earnings per share of $0.07, and Adjusted... More