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Target Hospitality Provides Update on Pecos Children's Center Contract
Prnewswire· 2025-02-24 11:45
Core Viewpoint - The U.S. government intends to terminate the Pecos Children's Center services agreement with Target Hospitality's nonprofit partner, effective around February 21, 2025, impacting the company's operations and financial outlook [1][2][5]. Group 1: Contract Termination - The Pecos Children's Center services agreement (PCC Contract) provided facility and hospitality solutions for up to 6,000 individuals, and the nonprofit partner has notified Target of its intention to terminate this contract [2]. - The termination of the PCC Contract allows the company to retain ownership of its modular assets, which can still be utilized for other customer demands and growth opportunities [3]. Group 2: Growth Opportunities - Target Hospitality is actively re-marketing its modular assets and exploring a pipeline of growth opportunities, particularly in relation to U.S. government immigration policies [4]. - The company plans to provide operational and financial updates in light of the contract termination, indicating a shift in its financial outlook for 2025 [5]. Group 3: Company Overview - Target Hospitality is one of North America's largest providers of vertically integrated modular accommodations and hospitality services, offering a range of value-added solutions including food service management and logistics [6].
Theratechnologies to Announce Fourth Quarter and Full Year 2024 Financial Results and Provide Business Update
GlobeNewswire· 2025-02-14 12:30
MONTREAL, Feb. 14, 2025 (GLOBE NEWSWIRE) -- Theratechnologies Inc. (“Theratechnologies” or the “Company”) (TSX: TH) (NASDAQ: THTX), a specialty biopharmaceutical company focused on the commercialization of innovative therapies that have the potential to redefine standards of care, today announced the Company will report financial results and provide a business update for its fourth quarter and full year fiscal 2024 ended November 30 on Wednesday, February 26, 2025, at 8:30 a.m. ET. The call will be hosted b ...
Theratechnologies Resumes Distribution of EGRIFTA SV®
GlobeNewswire· 2025-02-14 00:45
MONTREAL, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Theratechnologies Inc. (“Theratechnologies” or the “Company”) (TSX: TH) (NASDAQ: THTX), a specialty biopharmaceutical company focused on the commercialization of innovative therapies that have the potential to redefine standards of care, today announced that it has resumed distribution of EGRIFTA SV® (tesamorelin for injection), following correspondence from the U.S. Food and Drug Administration (FDA) that allows the Company to release two recently manufactured ba ...
Theratechnologies Provides Update on EGRIFTA SV® Supply
GlobeNewswire· 2025-01-09 22:05
Company Overview - Theratechnologies is a biopharmaceutical company focused on developing and commercializing innovative therapies for unmet medical needs [2] - The company is publicly traded on the TSX (TH) and NASDAQ (THTX) [2] Product Situation - EGRIFTA SV (tesamorelin for injection) is the only FDA-approved medicine of its kind for people with HIV [1] - A shortage of EGRIFTA SV will occur at the patient level in mid-January 2025 due to a voluntary shutdown of the contract manufacturing facility in 2024 [4] - Some pharmacies in the United States still have remaining inventory, but several have reported stockouts [4] Regulatory Process - Theratechnologies filed a Prior Approval Supplement (PAS) with the FDA on December 18, 2024 [5] - The company submitted questions regarding two recently manufactured batches of EGRIFTA SV waiting to be released [5] - FDA confirmed it will respond to the company's questions in writing by February 8, 2025 [5] Forward-Looking Statements - The company expects FDA to provide answers to its questions by February 8, 2025 [8] - Assumes current market demand for EGRIFTA SV will remain unaffected [8] - Believes the shortage will not adversely impact the company's financial conditions [8] - Anticipates being able to negotiate waivers of defaults with secured creditors if needed [8]
Target Hospitality Advances Growth Priorities with Strategic Hire
Prnewswire· 2024-12-30 11:45
THE WOODLANDS, Texas, Dec. 30, 2024 /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 announced the hiring of Brendan Dowhaniuk as Executive Vice President of Strategy and Corporate Development. Mr. Dowhaniuk will be responsible for advancing the Company's key strategic priorities, including mergers and acquisitions, and f ...
Should Value Investors Buy Target Hospitality (TH) Stock?
ZACKS· 2024-11-18 15:46
While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that t ...
Target Hospitality(TH) - 2024 Q3 - Earnings Call Transcript
2024-11-12 19:37
Target Hospitality Corp. (NASDAQ:TH) Q3 2024 Earnings Conference Call November 12, 2024 9:00 AM ET Company Participants Mark Schuck - SVP, IR Brad Archer - President and CEO Jason Vlacich - CFO and Chief Accounting Officer Conference Call Participants Alec Scheibelhoffer - Stifel Operator Good morning, ladies and gentlemen. And welcome to the Target Hospitality Third Quarter 2024 Earnings Conference Call. At this time, all lines are in listen only mode. Following the presentation, we will conduct a question ...
Target Hospitality(TH) - 2024 Q3 - Quarterly Report
2024-11-12 19:02
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission file number 001-38343 TARGET HOSPITALITY CORP. (Exact name of registrant as specified in its charter) Delaware 98-1378631 (State or o ...
Here's What Key Metrics Tell Us About Target Hospitality (TH) Q3 Earnings
ZACKS· 2024-11-12 15:31
For the quarter ended September 2024, Target Hospitality (TH) reported revenue of $95.19 million, down 34.8% over the same period last year. EPS came in at $0.20, compared to $0.43 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $87.9 million, representing a surprise of +8.30%. The company delivered an EPS surprise of +66.67%, with the consensus EPS estimate being $0.12.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings - ...
Target Hospitality (TH) Surpasses Q3 Earnings and Revenue Estimates
ZACKS· 2024-11-12 13:55
Target Hospitality (TH) came out with quarterly earnings of $0.20 per share, beating the Zacks Consensus Estimate of $0.12 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 66.67%. A quarter ago, it was expected that this company would post earnings of $0.17 per share when it actually produced earnings of $0.18, delivering a surprise of 5.88%.Over the last four quarters, the company ...