Target Hospitality (TH) Raises 2022 Financial Outlook by 53%
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Target Hospitality Raises 2022 Financial Outlook by 53% with a Projected Record $505 Million Annual Revenue
July 8, 2022 6:45 AM EDTTHE WOODLANDS, Texas, July 8, 2022 /PRNewswire/ -- Target Hospitality Corp. ("Target Hospitality", "Target" or the "Company") (NASDAQ: TH), one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services, today raised the range of its previously announced 2022 financial outlook 53% primarily related to the significantly expanded and enhanced lease and services agreement ("Expanded Humanitarian Contract") supporting domestic humanitarian aid efforts, previously announced on July 6, 2022.
The Expanded Humanitarian Contract consists of a meaningful increase in scope and service offerings from... More
