TH - Target Hospitality GAAP EPS of $0.03 beats by $0.04 revenue of $81.69M beats by $6.29M; issues FY22 guidance

Target Hospitality press release (NASDAQ:TH): Q4 GAAP EPS of $0.03 beats by $0.04. Revenue of $81.69M (+58.3% Y/Y) beats by $6.29M. Adjusted EBITDA was $33.7 million for the three months ended December 31, 2021, compared to $15.8 million for the same period in 2020, a 113% increase.    ADR increased by $7.26 to $77.18 for the three months ended December 31, 2021, compared to the same period in 2020. Average utilized beds increased by 5,581 to 11,354 for the three months ended December 31, 2021, an increase of 97%.  Preliminary Full Year 2022 Financial Outlook: Total revenue between $325 and $335 million; Adjusted EBITDA between $125 and $135 million and Total capital spending between $12 and $17 million, excluding acquisitions.

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Target Hospitality GAAP EPS of $0.03 beats by $0.04, revenue of $81.69M beats by $6.29M; issues FY22 guidance