TH - Target Hospitality GAAP EPS of $0.24 beats by $0.07 revenue of $109.65M beats by $5.05M
- Target Hospitality press release ( NASDAQ: TH ): Q2 GAAP EPS of $0.24 beats by $0.07 .
- Revenue of $109.65M (+46.2% Y/Y) beats by $5.05M .
- Record quarterly Adjusted EBITDA of $56.1M for the three months ended June 30, 2022, an increase of 76% from the same period in 2021.
- Average utilized beds increased to 11,523 for the three months ended June 30, 2022.
- As of June 30, 2022, the company had $9.7M of cash and cash equivalents with approximately $114M of total available liquidity and a net leverage ratio of 2.3 times.
- The company anticipates further meaningful improvement in its net leverage ratio by year end 2022.
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Target Hospitality GAAP EPS of $0.24 beats by $0.07, revenue of $109.65M beats by $5.05M