Target Hospitality (TH) Q1 2025 Earnings Call May 19, 2025 09:00 AM ET Company Participants Mark Schuck - Senior Vice President of Investor Relations & Financial PlanningBrad Archer - President and CEOJason Vlacich - CFO & Chief Accounting OfficerStephen Gengaro - Managing DirectorScott Schneeberger - Managing Director Conference Call Participants Greg Gibas - Vice President & Senior Research Analyst Operator Good morning, ladies and gentlemen, and welcome to the Target Hospitality First Quarter twenty twen ...

Financial Data and Key Metrics Changes - Total revenue for Q1 2025 was approximately $70 million, with adjusted EBITDA of approximately $22 million [14] - The company ended the quarter with $35 million in cash and $169 million in total liquidity, with a net leverage ratio of 0.1 times [19] - The financial outlook for 2025 consists of total revenue between $265 million and $285 million and adjusted EBITDA between $47 million and $57 million [19] Business Segment Data and Key Metrics Changes - The Government segment produced quarterly revenue of approximately $26 million, a decrease primarily due to the termination of the PCC contract and the South Texas Family Residential Center contract [14] - The HFS and All Other segments delivered quarterly revenue of approximately $44 million, benefiting from consistent customer demand [15] - The Workforce Hospitality Solutions segment generated approximately $5 million of revenue in Q1, with the majority of construction revenue expected in Q2 and Q3 [17] Market Data and Key Metrics Changes - The company is experiencing strong demand for hospitality solutions to support significant workforce requirements associated with large industrial projects across the U.S. [8] - The government segment is actively pursuing growth opportunities related to immigration initiatives, with a focus on reactivating facilities and supporting policy objectives [9][10] Company Strategy and Development Direction - The company announced two multi-year contracts expected to generate over $380 million in revenue, illustrating its ability to support critical domestic initiatives [5] - The strategic growth initiatives are focused on expanding and diversifying the contract portfolio across end markets, including both commercial and government sectors [12] - The company is evaluating a robust growth pipeline, particularly in large capital investments aimed at modernizing domestic infrastructure [8] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the strength of the existing customer base and operational flexibility, supporting a resilient business model [12] - The company is optimistic about the growth opportunities stemming from significant domestic capital investments and national security initiatives [20] - Management emphasized the importance of maintaining financial flexibility to react to value-enhancing opportunities as they arise [20] Other Important Information - The company redeemed all outstanding senior notes due in June 2025, resulting in expected annual interest savings of over $19 million [18] - The reactivation of the Dilley, Texas facility is progressing ahead of schedule, with expectations for full activation by September 2025 [14] Q&A Session Summary Question: Opportunities on idle assets in the government side - Management indicated strong interest in West Texas assets and ongoing conversations with the government, emphasizing the facility's readiness for immediate occupancy once funding is secured [28] Question: Contract details on the lithium front - The majority of revenue from the workforce subcontract will come from construction activities, expected to contribute about $65 million this year, with service revenue kicking in through 2027 [30][31] Question: M&A or new asset considerations - Management noted strong bid activity in large domestic infrastructure projects and indicated that immediate government opportunities may not require significant capital investment [38][42] Question: Trends in ADR and demand - Management stated that while utilization is slightly up, ADR is down due to a competitive market, with expectations for the remaining quarters to resemble Q1 [46] Question: Financial cadence for the WorkhorseHub contract - The majority of construction activity is expected in Q3, with Q4 being a minimal wrap-up period [50][52] Question: Opportunities to assist the government on immigration policy - Management plans to utilize existing assets first and then consider open market options or new builds if necessary [54]

Sabre Corporation (SABR) reported break-even first-quarter 2025 bottom line against the Zacks Consensus Estimate of earnings of 1 cent per share. The company had incurred a loss of 2 cents per share in the year-ago quarter.Sabre reported revenues of $776.62 million for the quarter ended March 31, 2025, which missed the Zacks Consensus Estimate by 1.77%. The figure declined 0.8% year over year.Sabre’s Q1 in DetailThe Travel Solutions segment’s revenues declined 2% year over year to $702.13 million. The growt ...

For the quarter ended March 2025, Sabre (SABR) reported revenue of $776.62 million, down 0.8% over the same period last year. EPS came in at $0.00, compared to -$0.02 in the year-ago quarter.The reported revenue represents a surprise of -1.77% over the Zacks Consensus Estimate of $790.57 million. With the consensus EPS estimate being $0.01, the EPS surprise was -100.00%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

Sabre (SABR) Q1 2025 Earnings Call May 07, 2025 09:00 AM ET Company Participants Brian Evans - SVP, Investor Relation & TreasurerKurt Ekert - President & Chief Executive OfficerMike Randolfi - Chief Financial OfficerJed Kelly - Managing Director - Equity ResearchJames Goodall - Director & Head - Transport & Leisure Conference Call Participants Victor Cheng - AnalystJoshua Baer - AnalystJeff Harlib - AnalystNone - AnalystAlex Irving - Analyst Operator Good morning, and welcome to the Sabre First Quarter twen ...

Q1 2025 Earnings Report 7 May 2025 ©2025 Sabre GLBL Inc. All rights reserved. 1 Forward-looking statements More information about potential risks and uncertainties that could affect our business and results of operations is included in the "Risk Factors" and "Forward-Looking Statements" sections in our Quarterly Report on Form 10-Q filed with the SEC on May 7, 2025, in our Annual Report on Form 10-K filed with the SEC on February 20, 2025 and in our other filings with the SEC. Although we believe that the e ...

Core Viewpoint - Sabre Corporation has signed a definitive agreement to sell its Hospitality Solutions business to TPG for $1.1 billion in cash, allowing Sabre to focus on its core airline IT and travel marketplace platforms while optimizing its financial structure and pursuing sustainable growth [1][4][3]. Group 1: Transaction Details - TPG will acquire Sabre's Hospitality Solutions business for $1.1 billion, with expected net cash proceeds to Sabre of approximately $960 million after taxes and fees [1][3]. - The transaction will establish Hospitality Solutions as an independent technology company dedicated to the hospitality industry, providing software and solutions to over 40% of the world's leading hotel brands [2][4]. - The deal is expected to close by the end of the third quarter of 2025, pending customary closing conditions and regulatory approvals [7]. Group 2: Strategic Implications - The proceeds from the sale will primarily be used to pay down debt, improving Sabre's balance sheet and enabling a focus on its core business [3][4]. - This divestiture is part of a series of strategic financial moves by Sabre, including recent debt refinancings, aimed at achieving a long-term net leverage target of 2.5x to 3.5x [3][4]. - TPG's investment approach is expected to drive significant value for Hospitality Solutions' customers, leveraging TPG's experience in growing mission-critical software businesses [5][6]. Group 3: Business Operations - Hospitality Solutions provides an integrated system of record for reservation and guest information, enhancing operational accuracy and efficiency for hoteliers [2]. - The platform has evolved significantly since Sabre's acquisition of SynXis in 2005, with ongoing investments in capabilities and solutions [4]. - TPG aims to enhance and expand the Hospitality Solutions platform, positioning it as a comprehensive technology provider for the hospitality industry [5].