Target Hospitality Corp. (NASDAQ:TH) Q1 2023 Earnings Conference Call May 9, 2023 9:00 AM ET

Company Participants

Mark Schuck – Senior Vice President-Investor Relations

Brad Archer – President and Chief Executive Officer

Eric T. Kalamaras – Executive Vice President and Chief Financial Officer

Conference Call Participants

Greg Gibas – Northland Securities

Alec Scheibelhoffer – Stifel

Operator

Good morning, and welcome to the Target Hospitality First Quarter 2023 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] Please note this event is being recorded.

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

Mark Schuck

Thank you. Good morning everyone and welcome to Target Hospitality’s first quarter 2023 earnings call. The press release we issued this morning outlining our first quarter results can be found in the Investors section of our website. In addition, a replay of this call will be archived on our website for a limited time.

Please note the cautionary language regarding forward-looking statements contained in this press release. This same language applies to statements made on today’s conference call. This call will contain time-sensitive information as well as forward-looking statements, which are only accurate as of today, May 9, 2023. Target Hospitality expressly disclaims any obligation to update or amend the information contained in this conference call to reflect events or circumstances that may arise after today’s date, except as required by applicable law. For a complete list of risks and uncertainties that may affect future performance, please refer to Target Hospitality’s periodic filings with the SEC.

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

Leading the call today will be Brad Archer, President and Chief Executive Officer; followed by Eric T. Kalamaras, Executive Vice President and Chief Financial Officer. After their prepared remarks we’ll open the call for questions.

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

Brad Archer

Thanks, Mark. Good morning everyone, and thank you for joining us on the call today. Our strong first quarter performance reflects the positive business momentum we have sustained over the past year, which has supported many strategic achievements. We have meaningfully diversified the business and revenue mix with over 70% of revenue now derived from committed contracts backed by the United States government.