Core Viewpoint - Target Hospitality Corp. is expected to report a loss in Q1 2025, with significant declines in both earnings and revenues compared to the previous year, reflecting ongoing challenges in its business segments [1][2][3]. Financial Performance - The adjusted earnings for Q1 2025 are estimated to be a loss of $0.02 per share, a deterioration of 110% from the EPS of $0.20 reported in the same quarter last year [2]. - Revenue estimates for Q1 2025 are pegged at $65.4 million, indicating a decline of 38.7% from $106.7 million in the prior-year quarter [3]. Segment Performance - The Government segment's revenues are expected to be $23.7 million, down from $67.6 million in the prior-year quarter [4]. - Revenues from the Hospitality & Facilities Services – South segment are estimated at $35.8 million, a slight decrease from $36.9 million reported in the previous year [4]. Cost and Operational Challenges - The company's bottom line is anticipated to be negatively impacted by increased selling, general, and administrative expenses, alongside a declining top line [5]. - The adjusted gross profit for the Government and Hospitality & Facilities Services – South segments is projected to be $16.2 million and $11.5 million, respectively, both showing year-over-year declines [6]. Earnings Prediction Model - The current model does not predict an earnings beat for Target Hospitality, as the Earnings ESP stands at 0.00% and the company holds a Zacks Rank of 2 (Buy) [7][8].

Core Points - Target Hospitality Corp. will release its first quarter 2025 financial results on May 19, 2025, before the market opens [1] - A conference call to discuss the results is scheduled for the same day at 9:00 AM Eastern Time [1][3] - The conference call will be accessible via live webcast on the company's website [2] Company Overview - Target Hospitality is one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services [5] - The company builds, owns, and operates a customized network of communities, offering a full suite of services including food service management, concierge, laundry, logistics, security, and recreational facilities [5]

Target Hospitality (TH) FY Conference May 07, 2025 03:00 PM ET Speaker0 Good afternoon, everyone. I'm Scott Schneeberger, the senior business and industrial services analyst at Oppenheimer. Thank you all for joining us today. It's my pleasure to have with us from Target Hospitality CFO, Jason Vlasic, and from Investor Relations, not on screen, but in the background, Mark Schuck, to speak on the company's investment story today. We'll be using a fireside chat format. I'll ask management some high level quest ...

Core Insights - Target Hospitality Corp. is one of North America's largest providers of vertically integrated modular accommodations and value-added hospitality services [3] - The company will present at the Oppenheimer 20th Annual Industrial Growth Conference on May 7, 2025 [1][2] Company Overview - Target Hospitality builds, owns, and operates a customized network of communities for various end users, offering a full suite of value-added solutions including premium food service management, concierge, laundry, logistics, security, and recreational facilities services [3]

MONTREAL, April 11, 2025 (GLOBE NEWSWIRE) -- Theratechnologies Inc. (“Theratechnologies” or the “Company”) (TSX: TH) (NASDAQ: THTX), a commercial-stage biopharmaceutical company, wishes to address its shareholders in response to a press release issued today by Future Pak, LLC (“Future Pak”) regarding its proposals to acquire the Company. The Company believes its shareholders should be aware of the following: In August 2024, the Company received a first unsolicited non-binding proposal from Future Pak to acq ...

Core Insights - Theratechnologies reported a total revenue of $19 million for Q1 2025, reflecting a year-over-year growth of 17% [2][14] - The company achieved a net profit of $117,000, a significant improvement from a net loss of $4.48 million in Q1 2024 [28] - The approval of EGRIFTA WR™ by the FDA is expected to enhance the company's growth trajectory in the HIV treatment market [3][35] Financial Performance - EGRIFTA SV net sales reached $13.88 million, up 44.8% from $9.59 million in Q1 2024, primarily due to higher unit sales and a price increase [2][15] - Trogarzo sales decreased by 22.4% to $5.17 million, attributed to lower unit sales and increased government rebates [2][17] - Adjusted EBITDA for Q1 2025 was $2.32 million, compared to a loss of $247,000 in the same period last year, indicating improved operational efficiency [26] Recent Developments - The FDA approved the supplemental Biologics License Application for EGRIFTA WR™ on March 25, 2025, which is anticipated to drive further adoption [3][35] - The company faced a temporary supply disruption for EGRIFTA SV due to a manufacturing shutdown, but resumed distribution on February 14, 2025 [6][34] - The approval of the Prior Approval Supplement (PAS) for EGRIFTA SV on April 7, 2025, allows for regular distribution without further FDA authorization [9][35] Research and Development - R&D expenses decreased by 21.2% to $2.97 million in Q1 2025, mainly due to reduced spending on life-cycle management projects [20] - The company presented data highlighting the limitations of using BMI to assess cardiovascular risk in people with HIV, emphasizing the need for better screening methods [10] Guidance and Future Outlook - The company estimates FY2025 revenue to be between $80 million and $83 million, considering the impact of the supply disruption and the new product launch [12] - The transition from EGRIFTA SV to EGRIFTA WR™ is crucial for meeting financial covenants and sustaining revenue growth [36]

Financial Data and Key Metrics Changes - For Q4 2024, total revenue was approximately $84 million with adjusted EBITDA of approximately $41 million [22] - The government segment generated quarterly revenue of approximately $44 million, a decrease attributed to lower PCC variable services revenue and the termination of the South Texas Family Residential Center contract [22][23] - The company ended the quarter with $191 million in cash and $366 million in total liquidity, achieving a net leverage ratio of 0.0% and 0 net debt as of year-end 2024 [28][29] Business Line Data and Key Metrics Changes - The HFS segment delivered quarterly revenue of approximately $40 million, benefiting from consistent customer demand [26] - The government segment experienced a transition due to the election cycle but reactivated the Dilley community, which is expected to generate over $246 million in revenue over five years [23][15] Market Data and Key Metrics Changes - The company is actively pursuing opportunities in the government sector, with a stated need for 110,000 to 150,000 beds, while currently having around 50,000 [70] - The Lithium Americas contract is expected to provide significant revenue opportunities, with potential phases extending beyond 2027 [42][46] Company Strategy and Development Direction - The company focuses on maintaining a flexible and resilient business model, emphasizing disciplined capital allocation and operational efficiencies [9][10] - Target is committed to pursuing growth opportunities in both government and non-government sectors, including large industrial projects [19][20] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the government market opportunities and the company's ability to support increased demand for hospitality solutions [34] - The revised 2025 financial outlook includes total revenue between $265 million and $285 million and adjusted EBITDA between $47 million and $57 million [30][31] Other Important Information - The company redeemed all outstanding senior notes due June 2025, resulting in expected annual interest expense savings of $19.5 million [29] - Capital spending for the quarter was approximately $4 million, primarily focused on enhancing the asset base [27] Q&A Session Summary Question: Regarding the remarketing of West Texas Pecos assets and the Dilley contract economics - Management indicated that the best proxy for the economics of the West Texas assets is the Dilley assets, with potential for slightly better economics [39][40] Question: Size opportunity of the Lithium Americas contract - Management noted that there is potential for multiple phases beyond 2027, with the project pacing well [42][44] Question: Expectations for revenue and EBITDA in Q1 - Management expects minimal revenue from the Dilley contract in Q1 due to a ramp-up period, with HFS utilization trends slightly ahead of last year [63][64] Question: Update on the acquired asset from May 2023 - Management highlighted a strong pipeline of opportunities in the government segment, with active quoting for various projects [70][73] Question: Liquidity post-redemption and CapEx expectations for 2025 - Management expects free cash flow to be positive with CapEx projected to be lower than last year [87][88]

Operations and Services - Target Hospitality serves approximately 15,000,000 meals annually, emphasizing fresh ingredients and scratch-made meals[22]. - The company operates a network of communities designed to promote safety and productivity, featuring amenities such as fitness centers, commercial kitchens, and 24-hour security[24]. - Target Hospitality has expanded its community network significantly, adding approximately 4,500 beds through acquisitions in the HFS – South region[26]. - The company has a vertically integrated business model that supports the entire value chain from site identification to long-term community development[26]. - Target Hospitality's facilities are strategically located to reduce commute times for workers, enhancing safety and productivity[35]. - Target Hospitality's "Target 12" service model focuses on optimizing workforce engagement and productivity during non-working hours[19]. - The company is well-positioned to support long-term projects, with facilities designed for multi-year commitments and exclusivity provisions[27]. - The company has established a leadership position in providing integrated hospitality services to U.S. government service providers and major natural resource development companies[14]. Financial Performance - Approximately 64% of the company's revenues in 2024 were comprised of minimum revenue amounts, and about 99% were under contract, including exclusivity provisions[42]. - The government segment accounts for approximately 58% of the company's revenue for the year ended December 31, 2024[51]. - The company has a total liquidity of approximately $365.7 million as of December 31, 2024, including $190.7 million in cash and cash equivalents[43]. - The Government segment generated approximately 58% or $224.7 million of the Company's revenue for the year ended December 31, 2024[57]. - The HFS – South segment generated approximately 39% or $149.9 million of the Company's revenue for the year ended December 31, 2024[61]. - The Company executed a new contract with the NP Partner effective November 16, 2023, with a minimum annual revenue contribution of approximately $390 million[78]. - The Expanded Contract, which was executed on May 15, 2023, increased the contract value and extended the period of performance through November 15, 2023[78]. Customer Relationships and Market Position - The company has maintained a consistent client renewal rate of over 85% for the last five years, demonstrating strong customer retention[42]. - The company has established long-standing relationships with approximately 330 diversified customers, including major blue-chip companies[38]. - The company aims to enhance contract scope and services, expanding its presence across multiple government agencies to create growth opportunities[43]. Employee and Operational Management - The Company employed approximately 770 people as of December 31, 2024, with approximately 600 in the HFS – South segment[86]. - Approximately 45% of eligible employees participated in the Health & Safety program in 2024[88]. - The Company offers a variety of compensation and benefits programs designed to attract and retain employees, including retirement savings plans and medical insurance[89]. - The Company is committed to employee training and development, with new hires expected to attend orientation training within 90 days of hire[91]. - The Company encourages open communication through staff meetings at every community to evaluate employee experience and retention efforts[90]. Infrastructure and Facilities - As of December 31, 2024, the company operates 26 strategically located communities with a total of 16,865 beds, primarily in high-demand regions of the southwestern U.S.[38]. - The Dilley Immigration Processing Center includes 524,000 square feet of building space with 2,400 beds[55]. - The Company has facilities and operations for one community in Canada and three communities in North Dakota[63]. - The Company's operations in the Government segment are primarily backed by a committed U.S. government contract[78]. Corporate Governance and Reporting - The Company provides free access to its financial reports through its website, including Annual Reports and Quarterly Reports[94]. - The Company operates primarily under the Target Hospitality brand, with trademarks registered or pending registration[92]. - The Company’s corporate headquarters is located in The Woodlands, Texas, operating from a single leased office[93]. Strategic Growth and Acquisitions - The company selectively pursues acquisitions to diversify its service offerings and customer base, focusing on high returns on invested capital[41]. - The Company has a strong pipeline of growth opportunities, including solutions supporting U.S. government immigration policies[54]. Financial Obligations and Risks - The Company’s operating lease right of use assets totaled $24.9 million and operating lease liabilities totaled $26 million as of December 31, 2024[353]. - The Company has $0 of outstanding floating-rate obligations under its credit facilities as of December 31, 2024[341]. - The Company does not currently hedge its exposure to commodity prices, which may affect profitability and cash flows[343].

Core Insights - Target Hospitality reported revenue of $83.69 million for Q4 2024, a year-over-year decline of 33.7% and an EPS of $0.12 compared to $0.29 a year ago, with a revenue surprise of +4.48% over the Zacks Consensus Estimate of $80.1 million and an EPS surprise of +100.00% over the consensus estimate of $0.06 [1] Financial Performance - Revenue from Hospitality & Facilities Services - South was $36.73 million, exceeding the estimated $35.12 million, representing a +1.4% change year-over-year [4] - Revenue from All Other segments was $3.25 million, significantly higher than the estimated $1.55 million, showing a +30.4% change year-over-year [4] - Revenue from Government services was $43.70 million, slightly above the estimated $43.28 million, but reflecting a -50.1% change year-over-year [4] - Adjusted Gross Profit for Hospitality & Facilities Services - South was $12.58 million, surpassing the estimated $7.96 million [4] - Adjusted Gross Profit for Government services was $37.71 million, exceeding the estimated $34.58 million [4] Stock Performance - Shares of Target Hospitality have returned +12.5% over the past month, contrasting with the Zacks S&P 500 composite's -2.9% change, indicating a relatively strong performance [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Core Viewpoint - Target Hospitality reported quarterly earnings of $0.12 per share, exceeding the Zacks Consensus Estimate of $0.06 per share, but down from $0.29 per share a year ago, indicating a 100% earnings surprise [1] Financial Performance - The company achieved revenues of $83.69 million for the quarter ended December 2024, surpassing the Zacks Consensus Estimate by 4.48%, but down from $126.22 million year-over-year [2] - Over the last four quarters, Target Hospitality has consistently surpassed consensus EPS and revenue estimates [2] Stock Performance - Target Hospitality shares have declined approximately 36.6% since the beginning of the year, contrasting with the S&P 500's decline of 1.8% [3] - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.02 on revenues of $75.37 million, and for the current fiscal year, it is -$0.12 on revenues of $242.65 million [7] - The trend of earnings estimate revisions is mixed, which could change following the recent earnings report [6] Industry Context - The Leisure and Recreation Services industry, to which Target Hospitality belongs, is currently ranked in the top 26% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8]