The Woodlands-based company, which specializes in modular housing and hospitality services, posted an adjusted EBITDA of $18.2 million for the quarter, a fivefold increase over the same period last year. While the firm recorded a net loss of $9.0 million, leadership points to the successful ramp-up of the Dilley, Texas community and robust growth in its Workforce Hospitality Solutions segment as evidence of a successful long-term strategy.
Target Hospitality recently secured a $660 million asset-based revolving credit facility, a move designed to lower borrowing costs and provide the capital flexibility required for its growing pipeline. With over 9,000 beds already under contract and potential opportunities for 20,000 more, CEO Brad Archer stated that the company is positioned to capitalize on a multi-decade investment cycle. Consequently, Target has raised its full-year 2026 revenue guidance to a range of $410 million to $420 million, with adjusted EBITDA projected between $85 million and $95 million.
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