Target Hospitality Reiterates 2024 Outlook For Total Revenue Of $375M - $385M, Est $396.10M
Portfolio Pulse from Benzinga Newsdesk
Target Hospitality has reiterated its 2024 outlook, projecting total revenue between $375M and $385M, adjusted EBITDA between $184M and $190M, and total capital spending between $25M and $30M. The company also aims for zero net debt and over $350M in available liquidity by the end of 2024.
August 07, 2024 | 11:28 am
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Target Hospitality has reiterated its 2024 financial outlook, projecting total revenue between $375M and $385M, adjusted EBITDA between $184M and $190M, and total capital spending between $25M and $30M. The company also aims for zero net debt and over $350M in available liquidity by the end of 2024.
The reiteration of the financial outlook suggests stability and confidence in the company's future performance. However, the revenue projection is below the estimated $396.10M, which may neutralize any positive sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100