NASDAQ$TH
Target Hospitality Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Target Hospitality reported record results, announced an exclusive 11-year partnership, and authorized a stock repurchase program.
Target Hospitality reported record third-quarter revenue of $159.6 million, a 79% increase year-over-year. Net income was $19.0 million, compared to $6.7 million in the same period last year. The company also announced an exclusive 11-year partnership and authorized a stock repurchase program of up to $100 million.
- Record quarterly revenue of $159.6 million, up 79% year-over-year.
- Net income of $19.0 million, compared to $6.7 million in the same period last year.
- Adjusted EBITDA increased by 125% from the same period in 2021.
- Authorized up to $100 million stock repurchase plan.
Headline financials
Revenue & EPS history
Target Hospitality · Revenue · Quarterly
$160M
Revenue by segment
Target Hospitality · $158M total across 3 segments · Q3 2022
- Government$123M+165.6%78.2%
- Hospitality & Facilities Services - South$33.6M+8.3%21.3%
- All Other$765K+44.6%0.5%
Forward guidance
Target Hospitality provided preliminary 2023 financial outlook, excluding acquisitions. Total minimum revenue of $525 million (excluding variable services revenue). Total maximum revenue of $710 million (including variable services revenue). Minimum Adjusted EBITDA of $365 million. Total capital spending between $10 and $20 million, excluding acquisitions. Zero net debt by second half 2023.
Tailwinds
- Total minimum revenue of $525 million (excluding variable services revenue)
- Total maximum revenue of $710 million (including variable services revenue)
- Minimum Adjusted EBITDA of $365 million
- Total capital spending between $10 and $20 million, excluding acquisitions
- Zero net debt by second half 2023
Historical earnings impact
How earnings announcements have historically affected this stock's price.
Avg. return before/after earnings
Based on 19 quarterly earnings reports · overlaid with Q3 2022
+2.0%
Avg return
Earnings day
+3.2%
Avg return
5 days after
+4.5%
Avg return
30 days after
65%
20 / 31 earnings
Positive
+23.7%
Q4 2021
Best reaction
-34.9%
Q4 2019
Worst reaction
| Quarter | Report date | Reaction (Day 0) | +5 days | +30 days |
|---|---|---|---|---|
| Q1 2026 | +17.9% | +21.7% | — | |
| Q4 2025 | +13.8% | +14.0% | +81.2% | |
| Q3 2025 | -15.5% | -15.4% | +6.7% | |
| Q1 2025 | +5.1% | +3.8% | -0.3% | |
| Q4 2024 | +6.4% | +7.3% | +3.6% | |
| Q3 2024 | +6.4% | -1.5% | -6.2% | |
| Q2 2024 | +12.5% | +10.5% | +10.5% | |
| Q1 2024 | +5.0% | +4.1% | +0.5% | |
| Q4 2023 | +4.8% | +1.8% | +25.4% | |
| Q3 2023 | -3.6% | -9.1% | -13.4% | |
| Q2 2023 | +7.8% | +13.5% | +21.9% | |
| Q1 2023 | +13.9% | +25.2% | +24.5% | |
| Q4 2022 | +6.0% | +8.4% | -23.0% | |
| Q3 2022 | +17.6% | +23.2% | +38.6% | |
| Q2 2022 | -9.6% | -2.6% | -7.8% | |
| Q1 2022 | -11.0% | -13.3% | -3.2% | |
| Q4 2021 | +23.7% | +18.6% | +19.6% | |
| Q3 2021 | -2.0% | -13.1% | -31.6% | |
| Q2 2021 | -16.4% | -14.4% | -4.2% | |
| Q1 2021 | +8.3% | +33.4% | +57.8% | |
| Q4 2020 | +6.8% | -7.7% | +29.7% | |
| Q3 2020 | +3.2% | +0.4% | +30.7% | |
| Q2 2020 | +12.4% | +13.8% | -9.0% | |
| Q1 2020 | +8.2% | +5.9% | -28.6% | |
| Q4 2019 | -34.9% | -3.1% | -58.3% | |
| Q3 2019 | -11.2% | -15.0% | -15.5% | |
| Q2 2019 | -13.5% | -12.2% | -8.9% | |
| Q1 2019 | -0.7% | -1.1% | -6.7% | |
| Q3 2018 | +0.1% | +0.2% | +1.7% | |
| Q2 2018 | +0.5% | +0.5% | +0.2% | |
| Q1 2018 | -0.5% | +1.0% | -0.7% | |
| Q4 2018 | — | — | — | |
| Q3 2017 | — | — | — | |
| Q2 2017 | — | — | — | |
| Q1 2017 | — | — | — |
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