Travelcenters Of America Inc Stock Price, News & Analysis

TravelCenters of America (Nasdaq: TA) announced that CEO Jonathan Pertchik and CFO Peter Crage will present at the Stephens Investment Conference on December 1, 2021, at 10:00 a.m. Central Time in Nashville, TN. The presentation will be available via live webcast on the company's investor relations page at www.ta-petro.com. An audio replay will also be accessible for 60 days post-event.

Founded in 1972, TA is the largest publicly traded travel center network in the U.S., operating over 275 locations across 44 states and Canada.

TravelCenters of America Inc. (Nasdaq: TA) has partnered with Mobil Delvac to donate $50,000 to Folds of Honor, supporting educational scholarships for the families of fallen and disabled service members. This marks the fifth consecutive year of donations, totaling $250,000 since their collaboration began. The initiative honors veterans on Veterans Day, emphasizing the importance of education for their families. Folds of Honor has provided nearly 29,000 scholarships since 2007, aiding military dependents affected by war.

TravelCenters of America has initiated the construction of a new TA Express in Statesboro, Georgia. This facility will be strategically located at Interstate 16 and Highway 301. The new travel center aims to enhance customer experience with modern amenities, including a TA Truck Service center and various food options like Burger King. Expected to open in late 2022, this expansion is part of the company's broader transformation plan and commitment to sustainability.

TravelCenters of America (Nasdaq: TA) reported a significant financial improvement for Q3 2021, with net income soaring to $22.2 million, a 156.4% increase from the prior year. Adjusted EBITDA rose to $65.2 million, reflecting a 27.7% boost year-over-year. Fuel sales and nonfuel revenues also demonstrated growth, with fuel gross margins increasing by 32.3% and total nonfuel revenues up 7.8%. TA's strong liquidity position stood at $715.2 million as of September 30, 2021, supporting ongoing transformation plans aimed at enhancing operational efficiencies and growth.

TravelCenters of America (Nasdaq: TA) has unveiled a significant transformation plan at its grand re-opening in Seymour, Indiana. This project is the first of over 100 travel center upgrades scheduled over the next 18 months. The updates include refurbished facilities and the introduction of “The Kitchen”, a fast-casual dining experience offering freshly prepared foods. The company aims to enhance guests’ travel experiences through operational excellence and strategic investments, reinforcing its position as a leading travel center operator.

TravelCenters of America (Nasdaq: TA) has announced the opening of a new TA Express travel center in Almeda, Texas, on State Highway 288. This site, formerly known as Swift Mart, expands TA's network to 276 locations, including 43 franchised centers. The remodeled facility features amenities such as a Subway, Gourmet Taco Kitchen, and parking for 65 trucks and 25 cars. CEO Jon Pertchik noted that franchising has enabled the company to better serve travelers in the Houston area.

TravelCenters of America (Nasdaq: TA) will announce its third quarter 2021 financial results after the Nasdaq closes on November 1, 2021. A conference call will be hosted on November 2, 2021, at 10:00 a.m. ET by CEO Jonathan Pertchik, CFO Barry Richards, and Treasurer Peter Crage to discuss these results. Participants can join via phone or listen to a live audio webcast on the company's website. An archived replay will be available until November 9, 2021.

TravelCenters operates over 275 locations across 44 states and Canada, focusing on full-service travel needs.

TravelCenters of America (Nasdaq: TA) announces the opening of a new TA Express travel center in Edgerton, Kansas, expanding its nationwide network to 275 locations, including 42 franchises. This 9,000 square foot facility features 90 truck parking spaces and offers various amenities such as a Dunkin’ Express, a deli, and fueling options. The center aims to support professional drivers and motorists along Interstate 35 and is expected to create approximately 30 jobs in the local area, contributing to the city's ongoing growth.