Earnings call transcript Q4 2022

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Operator

Good morning, and welcome to the Target Hospitality Fourth Quarter and Full Year 2022 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions]. After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions]. is event this note being recorded. Please

now Mark Schuck, would go like Investor to to over ahead. conference the Senior Please turn Relations. I Vice of President

Mark Schuck

quarter welcome Good the press The Investors found Web full issued our our Target everyone year you. outlining we year site. and section morning quarter Thank Hospitality's earnings of morning release fourth in fourth and this call. results full XXXX be to and can

Web will In a site addition, our replay archived a for call time. be this limited on of

XXXX. Please press cautionary forward-looking conference as time-sensitive language update Hospitality made obligation except applies today's in in note contain Target regarding the well any as today's forward-looking or release. reflect to statements, contained contained information after which by XX, statements or call. the conference on that applicable disclaims language to will as this call this to date, required This circumstances events are call This only expressly today, same information of arise as statements accurate amend may March law.

future list complete affect that may the Target please filings refer and to uncertainties a of Hospitality's SEC. risks periodic For performance, with

and release non-GAAP corresponding section find tables today's to on financial in of their discuss non-GAAP the reconciliation of a in in call. refer call our GAAP referenced Please will We our today's measures Web to earnings posted Investors the site measures financial measures.

Schrenk, President and Officer; will for and call we After and Executive by prepared by Officer. Archer, Officer the open questions. T. be joined Vice Chief their Brad be Commercial call Kalamaras, President Financial Leading Troy Chief today will the Eric followed Executive Chief remarks,

Executive our call the Archer. to I'll now Chief Officer, Brad turn over

Brad Archer

reflection opportunities. today. positioning us respond you financial our to growth Good while everyone strong standing strategic of are Target's direct commitment the morning a the call quickly business Thanks, thank for further to our setting XXXX results solidify record Mark. joining and on to

commitments, customer a revenue increased its by diversified communities. achieved serving XX its cash flow across Target We XXXX, minimum XXX%. diverse discretionary and base in-market while Throughout increased meaningfully customers, accomplishments these

premium to HFS We providing for have decade. on a whom clients, have over been remained service world focused our customers hospitality many class full of solutions

quarterly in year-over-year past a utilization rates contract increases, renewals of result, to years. HFS Target’s our year. consistent a XX%, extensions demand over have numerous commitment supported XX% consecutive customer these increase with enjoyed resulting seven had Target over over in which and we reputation the As customers for renewal and HFS

cumulative through these We anticipate of revenue over XXXX. million contracts XXX will add

our strong current ability HFS and utilization meet We with to are our its pleased customer demand.

will we capacity also select to response thoughtfully significant while adequately However, evaluate our appropriate, customer market to share. expanding add demand where opportunities in

Target’s utilizing to operational HFS our XX%. fully network flexibility segment During and optimized more assets XXXX, end by The superior we government that existing while us contracts. match to demonstrated demand was simultaneously increasing allowed result expand more valuable a

the its this segment, Regarding community sole the solidified the the government's mission with purpose-built only in humanitarian have Government humanitarian in we we support July enhancements providing expanded have solutions as to With of of XXXX. community our aid hospitality campus of critical efforts. the completed completion, announced

has inception class facility of one-of-a-kind Since U.S. world expectations be the consolidate this influx the the affirmed to government's it recently solutions This has government with government. intention aid We facilities. hospitality the critical belief providing belief community in and remaining care been our announcing the say our to their publicly partner humanitarian missions. been U.S. all-inclusive can exceeded has active community its would premier this the XXXX,

five-year contract five-year indefinite in related has humanitarian appropriately extension government option, indefinite vehicle award, base required contract Vegas. awards. an of the U.S. been quantity recently established that the delivery, an to Additionally, as to consisting community This fund additional multiyear of announce by a we're partner pleased the our to contracting non-profit awarded term our with

partner the through to in of award agreements. contract IDIQ non-profit The final definitive is our award one prior process, steps the to working government's

We as purpose-built contract than longevity come with months. the progress contracting to and through solidifying working look the we humanitarian the over anticipate sooner provide. it critical mission pleased specifications vehicles and community We forward are highly additional this of coming the expected, was the to

we commitment national last with long-term non-profit a this exclusive year As into at partnership joint providing our agreement humanitarian States solidified government services critical highly partner. campus. to to an reminder, The XX-year continue entered United our customized

position, creation strategic for financial while objectives strengthen simultaneously our to In continuing materially customer our to summary, our and shareholders. have diversifying Target’s base we achieved value accelerate

turn now XXXX our financial discuss initiatives outlook more financial fourth to over results, call detail. allocation capital I'll quarter the and to in Eric

Eric Kalamaras

Thank adjusted our and XXXX quarter, total $XXX in growth was approximately you, $XX positive we experienced of revenue strong Fourth and the million. fundamentals activity, segment Brad. million continued government predominantly the EBITDA demand fourth customer community. in materially expanded momentum humanitarian quarter driven by was In and

Government revenue announced increase year. million humanitarian significant period was community July. in produced $XXX of Our approximately The to the to million attributed $XX segment same last we in quarterly expanded compared the

Target’s a centre revenue commitments. segment, humanitarian the reminder, annual As government community, including around expanded minimum

structure flow that fluctuate contract the occupancy population. customers, cash our community variable changes ideal Target. with also Additionally, This and minimum requirements commitments significant providing for visibility community monthly while aligns humanitarian for revenue time, expanded provides revenue that includes create meaningful their flexibility revenue over as service to

come. for the and this structure which basis years parties, for sustainable a as outcome We structure, we have found to contract the all creates believe is it optimal for longevity

quarter revenue Our This service momentum for premium increase remain HFS million $X offerings. in year. in customer demand of fourth million Recurring last for Target’s X the period corporate of was driven the to expenses quarter anticipate for million $XX were to recurring remainder the same we XX year. approximately around quarter the will million, segments per corporate sustained expenses and by compared $XX million delivered

the at the related required enhancements community. substantial humanitarian the million, approximately expanded capital expenditures were $XX Total for $XX infrastructure quarter or million to

of completion moderate enhancements expenditures. XXXX, more we the expect capital With in of a community pace

$XXX and of facility, total remained zero $XXX XXXX a X.Xx. $XXX over than total on focused of We From has under and of $XXX time, cumulative reducing this maximize flexibility. through debt the and credit with have million ratio company's million ended revolving Target XXXX, net the we million indebtedness leverage Over quarter cash liquidity with financial more borrowings million. by reduced

secured indebtedness reduced over and $XXX by announced since $XXX in $XXX we redemption, of notes, strategy million recently we of focused X.X% the to alone. a illustrating over initiatives. on in Additionally, million XX disciplined further last the the capital Inclusive XXXX, senior a return note $XXX redemption commitment our high partial million total million will months have allocation patent

the to increased to initiatives, the risk of share $X by our allocating to XX just for intrinsic high Over value months, highlights per past for return these while balance capital over creation This we commitment the equity value shareholders. maximize sheet have continuing initiatives. our

and Target’s to flow. capital contract revenue allocation and increased objectives, Turning portfolio end structure cash greater long-term minimum supported outlook market our revenue commitment has enhanced visibility provided and financial on and

relating the humanitarian community. term are Additionally, expanded for progress of pleased multi-year with discussions the to the we extensions

sustainability IDIQ government's We solidifies by the community week contract awards. mechanism non-profit establishing of to multi-year fund contract believe to this our an the the necessary award issue purpose-built decision specific this partner to

hospitality additional specifics contract to to partner in and related non-profit critical be work anticipate months. the with closely continue solutions Target’s We to our finalized coming

adjusted includes with which that reiterating the million. company revenue XXXX project the outlook, seen created of preliminary EBITDA financial of years, development the strongest ongoing is business million, $XXX Coupled in revenue our efforts of its pipeline $XXX maximum with have million, several has $XXX company

Excluding range half revenue million acquisitions, potential with of the year, associated of expanded $XX preliminary humanitarian growth XXXX other catalysts. should normal reflects community, capital possible and predominantly million contribution The more per on service along XXXX revenue focused levels capital. organic spending weighted variable second approach revenue between with $XX

expanded community, States, dynamics. relates managing it smaller regular of across of a including expects seasonality, United allotments dispersed its government community shelter Target the the the factors, use and on the other demand to variable variety continue As capacity based humanitarian to

our during government's winter with which including remained nomination dynamics, quarter, in have For the the contemplate community the variable the demand months. typically census to seasonal range of expectations, line lower

a variety from original shifted that have expectations. potential are our other there However, catalysts of

the anticipated XXXX lifting December previously May from Title its delayed to instance, XX of government of For XXXX.

taken As a result, than expected, influx additional has in the resulting longer variable delayed consolidation of timing facilities care of remaining revenue. service

revenue as shift. We of expect service increase of variable half this second weighted an more in a towards the result XXXX

and range the shareholder has opportunities. to company pursue expanding an allow a initiatives identified evaluating strategic allocation high expanding while continue maximizing sheet of long-term opportunities. focused return Target enhanced to growth growth active long-term on simultaneously capital of pipeline Target’s continues value, and balance will

opportunities is government energy opportunities as agencies across as Defense these reach over of a spanning well select domestic net variety XXXX. allocate prepared commercial to These unique through of support opportunities expanding high Target initiatives. National return to include growth million capital diversification $XXX in projects of transition

a As a prior to strategic and program scale inherently of longer result of announcement. there's the projects, cycle these award size

large certain, can achieved tangible as providing these we and updates the opportunities the milestones scale are believe quarters say pleased the forward While final being there we important outcomes are progress. to We additional not quite with on progress in XXX% discussions are projects. look coming of

for his call to will With Brad the I that, turn back over closing comments.

Brad Archer

Eric. Thanks,

provide commitment to unmatched flexibility, maximize to enhance our has XXXX the customers, utilization, setting our Our supported value our record achievement asset and results which operational strategic objectives. of illustrate

million an well XXXX and with positioned liquidity. are sheet entering balance optimal We of over XXX

foundation to We value have this our for accelerating the initiatives we pursuing created will momentum on focused utilize tremendous shareholders. and creation continue

the for I you and in your appreciate on Target thank everyone interest joining us today again call Hospitality.

Operator

begin Instructions]. the question-and-answer [Operator will now session. We

The comes go with Scott ahead. Oppenheimer. Please first Schneeberger from question

Scott Schneeberger

morning, Good very everyone. you Thank much.

talk bit For occurred on opposed with process my the Thank year's another compare and award. if Could maybe to little hone last development of in you. partner helpful, has I like the year? would detail you And regard of question, about negotiation a to as contrast this with what to just there? your period first level IDIQ and more kind

Eric Kalamaras

It’s Good Scott. Hi, morning. Eric.

So it's a great question.

I to a segue good discussion. discuss last year So current and let's this first, it's think

We one determines funding when awards by And So so the were those emergency done XXXX. emergency effectively the in recall basis, in mechanisms last which XXXX. an done right? term. And they structure, that done, redid are were in way of year contract were nature that specifically year they

allows IDIQ, is through is to I So capacity. And the this this their right, this the process. how multi-year be think around the UC big mechanism infrastructure change longer, into the permanent with shift the government much for thinking on

two are functions step here. there effectively Now

The funding the establishes it one this five-year is to IDIQ a that point services discussion five-year From function, which the step then first option, is and which is the term, mechanism, economics exactly point, this, months. there's initial what the which talking case any then because scope important in really about a forward, look of create is that. we've which what super out been of and like of many for around sort

Now recall, in last we year, if expect economics. the have you changes, any not we terms made of any changes don't and

We've years had experience that as So well. for last important. experience I had think nine year [ph]. that deli We that's with

Now scope, the the increase last other we only right? year effectively to terms modifications So increased, made also the economic though but scope no changed. were structurally

changes partner the Now same which as scope with non-profit next government we'll releases our as made going we that continue today, And with any around information is our government it -- the over months. expect we outlook. as around to the have would government few forward, as the stands our the well that partner here not discussion why

Brad Archer

of one that midyear know [ph] here anymore. that to just there. important. at Scott, and And very to not of that it's maybe ICS. Bliss only publicly And when They morning. mothball Brad. is been today active point they're Fort you ICS. out the Eric at there, mentioned few XXXX add add. That's But publicly. it I because going some if that that, going I'll things we emergency put Good from think there's two that use This them was look has in a out

allowing government the the And well bodes type into moving for to facility, a term, this think always that the government big is in facilities distinction But that more was rebalancing out permanent move portfolio we're but this I the do that. well. as been at. into So and permanent more has where their them this there longer contract,

Scott Schneeberger

some good guys. informative, Thanks, Very points Okay. there.

Bliss? more to excellent near Could we the dynamic, seasonal based near Fort and down second like transition Fort more Eric, mentioned wind highlighted how to, stronger and thinking be of like kind should of it Brad utilization term Texas. Bliss seasonality Texas just speak that sounds you in development, at at kind wind half but West an as you first Let's about sounded down long-term half than on inflows Thanks. just West on one term. your

Eric Kalamaras

say that Sure, to capacity that exactly another expect the see. would is holistically question. we I’ll great we're what seeing

very similar saw last as it's fact, to In we year well. what

the that And the of so that we expectation XX being them what I in mentioned place the ultimately The occupancy XXXX, which are one contractual mechanism levels to lifted doing we things. and we December had we have Title do. shift by would have the was administration delays XX, on expect

just in relevant that's completing also and were Now PCC and expansion. because that the we around time

little thinking bit because of in Title what otherwise the I that timing because So that to Fort delayed than contract -- have Fort XX, anticipated. this government allowed Bliss the we was would longer relevant of was a the about stay Bliss

been effectively So and Bliss. between will, if PCC that shared, has happened you capacity what's Fort is

Title we the shifts that's move that really with second specifically, and Bliss census children's typical we that, lot with summer termination then XX as really movement a the that things expect the would population of being half. and from the to this of lifted, of right, forward Fort So impacts the the seasonality because us,

as the typical alone asylum to past the entire XXXX due because once of least migration from So double half. number, Suffice as Title what it's claim. effectively that, some may not say but are because say to would for quantum I think at unfortunately cannot that. give I that a things is would to came half at X, flows rejected on look, towards know, the clear, of can you it they The would where XXXX which I It's as being in why specifically touched say reason would Title lot to of that's the precursor, have and this are we would in the would immigration been see, albeit you do immigration to a love have and is lifted, is think flows do, positioned you a actually. that relates in -- I quantum on which using touch is that the rest you through just points say flows relevant to we I you expected that the hard over that's it second I were have see what XX is point just probably

But opposed And inflows so the where to what that as expectation I that's the We’ll would balance are pretty think see we would in now. relevant significant. happens my of the be be year.

Scott Schneeberger

and development? that base same one think inferred you it that in should as like and Is the lease now the your Thanks. And would during it goes your raised in should five-year variable prepared it would it and to like And I for mentioned component. of and may a just five-year that one response topic probably base over. being one Thanks. then utilization to structure from the that sounds and question comments be first of it how first I fashion? the in looks structured or we back or more new it about another this a with that we partner IDIQ future me, a I'll be be award, established anticipate was extension, contracts, it payment turn is remarks that something

Brad Archer

our how we Scott, we it's IDIQ, on submitted, submitted exactly up when the with way partner today. the set that's

the any this haven't was to way point We the IDIQ heard change at given them. as

that concept pricing in put had all to awarded we of be to a this. and So base

Scott Schneeberger

I'll right, over. Thank it Understood. you. All turn

Eric Kalamaras

you. Thank

Brad Archer

Scott. Thanks,

Operator

Greg go with Gibas question ahead. comes Northland. next from Please The

Gregory Gibas

questions. Brad follow really Thanks the next Congrats Eric. to update well. contract? I on as just quarter on we steps the the for could would when If taking are on the IDIQ expect Good from an up that what Hi. that, And non-profit and morning, that partner, see there?

Eric Kalamaras

Yes, great question.

time. a bit little said, we've like process. things This -- these little do a it take bit is of of So will a be

what funding to is is a right? its step then surety for I this means, we get that the result what right? effectively finalize dollars, the the scope step to is first which create modification changes, the appropriated The So of need could government scope. is of in mechanism the any to next be think

you year, so the to X,XXX, if additional an recall from scope it X,XXX last Now dramatically. increased up we beds increased

Now best would that It's again, in that's in truly say to out of the the reflection it's world class of unfair. a be there. best I the absolute actually progress facility, is built love think one, I absolute by facility nature far class and which

bear is is Those The States. they're challenging. about in small. here other United additional government mind, the they is you to be our They And that to locations play logistically its have think come to shelter very They're have alternatives. capacity. XX into thing that how understanding across needs reimagining tend the seeking

And very so come here. into locations could there play that the point being other well that is be

we'll so locations to look that few any, But any, then is any think to going there. there increase there take what as like from are and take just we going months. it's the And if mentioned, go process changes if to scope see have a I are -- just

Brad Archer

been that, much doing. we Even is with what which submitted. in when this about the Yes, we've We before IDIQ talking process been September started it. than shorter we've

here. conclude happening XX long months. And not this X, Eric a there, a you're talking point that think the is just And So my hurdle X, get said. of and in to be There'll few immediately I we just then for couple think huge probably next -- a not over. as to should already X, months we I are reiterate, We say this would discussions it's us that. did months,

Gregory Gibas

as the changing there perhaps about we them If guys. a And would helpful, that mothballed, think very to they that about we Bliss contract. point. just assumption safe assume to Yes, scope follow being think Fort And said, like thinking it's on more scope? you is about again, that great require up

Brad Archer

overall I when just the supposedly those. high would have think out services We not scope, think a tell look I more Title more at U.S., dealing Texas think end think on been with real to greater our to that facility. going be there and there. our will I think think need off on more and Look, going on will, you there'll to May, ever active touch be I'm deals across things for types the up in more coming It our you is the at be border level, of I we're mean West I would need. We be But the I it's pipeline, now, win in some you there'll XX greater. them. than sure of doesn't company. are But this, if our we're we

Eric Kalamaras

I a point. think great that's

to that, exceptionally has on as that clarification, I that, is of as think Greg, process they just are clearly Brad and the things. it. right, around indicated point, of a in active part in for mentioned But which to know addition to add is government this pipeline and our short types capacity, great these they net

I that to it's of what looks for better point, to say that yet Target. stretch be determined, but is so still outcome would Brad's And to far a not much ultimate submit the

certainly but very positive. -- we'll certainly just at not So it's it it's leave that,

Gregory Gibas

lastly know a a I then I variable reasonable be baseline provided guess would assume maybe be to Got you would helpful. year? range, maybe is just, but assumption? of that the what kind revenue fair this And rough very what it, regarding

Eric Kalamaras

of pushed the as census we in Title And revenue but that -- is going we at initially Well, specifically million close XX indicated the now, to said, to half not seasonal function a to were more towards variable I've ordinary. partially that XX, of the it's we we're second that look XXXX. for this really right which is seeing typical due out had

say fine. wait and that. all there's better coming to a that chance actually just it's Look, have than like see. I'd that's to But So we'll look, in

I when I early, how it's you're coming when you're better, past net few say, of think hard in to the it's where been a period think period, fewer just it make little much? over off determination, to the shoulder coming Greg, too children months. Look, the a if have is

to kind little that bit that winds particularly seasonally of spring, with very, could need influx the so is And little changes capacity strong. and be which what bit, or exceptionally the then the administration policy. a very looks a see we'll It down strong like coming in

Gregory Gibas

on. for Thanks the it. it Got color. I'll pass

Brad Archer

Thanks.

Operator

next Please The Stephen question Instructions]. ahead. Gengaro go with [Operator from comes Stifel.

Stephen Gengaro

Thank you. morning, everybody. Good

Brad Archer

Good morning.

Eric Kalamaras

Hi, Steve.

Stephen Gengaro

A that want this the is year million need point? negotiation? could that reading or year expectation on but piece me, things long-term the was of How like into I into where variable when needs clear this think was the your too this for capacity rethink those pretty data too much, utilization about asset sort government to it longer I a the read is least utilization if of low term, guess the and Like, the sufficient couple don't the of for is at $XX short impact just this first term we baseline. much of year is the the

Eric Kalamaras

why understand you ask I that question. would Yes,

the data a last same no saw at think a we're than very time. seeing what year is it's because of term I point, partially too short what we different much

occupants number study for years reasons. So great this. our right Point additional case deli obviously location the very of one. few with health for case five that's renewed of number point COVID is I in of two, was kind That think for a the middle

And really to so that bit. a there's don't I one think correlation

the mentioned, I on and the they think capacity, don't this. bearing really they're so thinking any how has don't that about as we As think [ph] to I short -- government influx is

Stephen Gengaro

I've so ask figured I'd you. thought, I gotten I what but Okay, thanks. That was questions

do don't of then to you're $XXX have you sort bless you this number, long-term So under if know, don't a on I cash? the flow could this is know to but million And of cash to I visibility be then we guys that What flow. investors? and just annual or we bit, you of the as that return built far assumption that capital as secure way little maybe on and other free cash picture massive a sort end period kind might $XXX does a but are multi-year million our do And model this utilizing looking free work storage of at, bigger what question, over contract. we've other the look of markets the we and this access out touched

Eric Kalamaras

Look, year probably great -- dealing answers long-term broken IDIQ I've on been past answers it's a structure, emergency question. are the The But look, a the this. a you're mechanism with record versus are an funding different okay. when

is my slightly my going So a is change point to answer little bit.

capital look, think you I think at I is approaching initiatives, And that do okay. where So, looking there time. be return we start a time could other

we we you which we there. the the are spot found have we're point, sheet really many have. use into the right to business this mode a transactions, flow absolutely three then, that But materially very so just looking way. of there $XXX can you million, look, deliberate, do where necessarily. very patient that are opportunities -- things $XXX And at cash -- certainly right? and looking are to but return exchange type we yet. and we that's We And we four times, where the But there shareholder are that thing other in or so in growth or diversify said said transactions, grow right? you're accumulate, that's out equity we when we a value of at there's free Now million, business, But that $XXX some opportunities five put look we regard. million business over not talking balance not grow of the opportunities the next materially years right And start There the said, a do to we've cash at the lot been spot And activities. cash would. at have start can in some now And around do a too, the type are to that. can and

Brad Archer

And none mutually of are these exclusive.

Eric Kalamaras

mutually none point, exclusive. have of to And flexibility. And Brad's amount are of tremendous we a these

is all can can at do so these deals, this dividends, et do with transactions, equity we this contemporaneously cash do And we can cetera. exchange point. do do we what we things, can We can

probably so look, node more where time that's I close to start a looking we'll we’ll And I think coming. fashion. at a enter deliberate in that Because think that

Stephen Gengaro

And is about the Great. just in XXXX? the then reasonable it being current that Is contract disciplined. thinking feels know patch which for a but pretty of like about way the I think you a reasonable at and business to way pretty lot gives up of steady levels? me. there, not one visibility, think EMPs state piece business remained what's HFS, as kind that extensions, in a of had the growth you be there to that of about follow level Thank you. activity have was When the given oil probably on it going sustained

Eric Kalamaras

I $XXX it's the We about million you're of just Look, that business, And there. right. think a had fantastic Sure. we business. renewals think way contract

as do see -- tend we've to lag. are a We before, communicated we

couple And cash. quarters type there, business fantastic we continue a we business moves it growth and it which being is fantastic so much But and and a smaller needs. expansion may And at business. capture do operate for of look, we acquisitions, GDP any so we helpful over can in and look, other and as this of absent next margin But while it make that, the diversifying in customers much it's great. what sort us. So margin meaningful market the that kind our call will share sort despite sheet perhaps there a terms their expect notwithstanding, generates our do is supporting to margin balance that business tuck-in of of that's growth point, strategic possible of as

Brad Archer

increasing, is right? Yes, utilization

Eric Kalamaras

is. it Absolutely,

optimizational put And we that's this look, spot. really, with where we're think, have fantastic in that I a pleased at really business positioned point.

Brad Archer

because We’re a to better starting we having have long-term up lag. But customers, for that and not in. on there's that's baked already as of on on negotiations. always huge much movement those we us, said, price, to Eric a not be outcome huge It's some that but, as lot come contracts going see grading a renewals we're are and mover high

So you'll it's getting sure utilization. those that not see some move, and a of are huge see nice but we higher now to

look I of when we rarer the and we or at at room companies, right? to it our maximize at job we gas years past at the a what When And with we for think has type capturing over the that portfolio, So every at I do if that, really side. that's we that's look really whether in think look holistically us. couple growth, government, done when tremendous can whether portfolio? overall, the that's in we consolidated with margins, looking team oil look

Stephen Gengaro

Yes. mean you. the very helpful color. is feedback get Thank positive. we That's I

it with what said. you So dovetails just

So thanks.

Operator

would Brad question-and-answer over to back session. This our concludes I Archer closing for conference to like any remarks. turn the

Brad Archer

Thanks quarter and our to again in when for us forward joining deliver you we we today, look call first May Thanks. the on to numbers. speaking again

Operator

now attending you Thank today's presentation. conference for concluded. has The

now disconnect. may You

Target Hospitality (TH) 10 Mar 232022 Q4 Earnings call transcript