CTOS
Custom Truck One Source, Inc.6.23
+0.05+0.81%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A adds Q1 color, pricing gains
Q&A reinforced rental momentum and TES backlog growth from prepared remarks but surfaced incremental details on guidance drivers like sustained T&D demand, vocational uptick, and easing uncertainty for the high end. Management flagged pricing power with recent increases inflecting OEC on rent yield positive YoY and confirmed Q1 strength: revenue up mid-to-high single digits, EBITDA double digits on rentals. Utilization normalizes to high-70s/low-80s, fleet ages months not years. TES orders won climbed 12% YoY; inventory targets yield $25M-$50M NWC benefit. No emissions pre-buy surge yet. Confident tone persists. Watch vocational orders.
Key Stats
Market Cap
1.41BP/E (TTM)
-Basic EPS (TTM)
-0.11Dividend Yield
0%Recent Filings
8-K
Record revenue, EBITDA growth
Custom Truck One Source posted record Q4 revenue of $528.2M, up 1.4%, and full-year $1.94B, up 7.9%, with Adjusted EBITDA surging 18.4% to $120.7M quarterly and 12.9% to $383.6M annually. Fleet utilization hit 83.6%, the highest in nearly three years, while inventory dropped over $100M. 2026 guidance targets 3-9% revenue growth to $2.01B-$2.12B and Adjusted EBITDA up 7-13% to $410M-$435M.
10-K
FY2025 results
Custom Truck One Source posted FY2025 revenue of $1.94B, up 7.9% y/y, with rental revenue surging 14.3% to $506M on 79.4% fleet utilization (up 5.1 pts) and average OEC on rent climbing 14.1%—yet ORY slipped to 38.3%. Equipment sales grew 6.7% to $1.30B, but TES gross profit dipped amid truck pricing pressures while ERS drove gains. Operating income held at $125M despite higher rental depreciation; net loss widened to $31M from 2024's sale-leaseback gain. Q4 momentum shone in rentals, fueling $310M operating cash flow. ABL debt stood at $1.66B with $248M availability. Supply chain disruptions threaten fleet management.
8-K
Q3 revenue up 8%, EBITDA +20%
Custom Truck One Source posted Q3 revenue of $482.1M, up 7.8%, with Adjusted EBITDA surging 19.6% to $96.0M on stronger T&D rentals. ERS utilization hit 79.3%, boosting average OEC on rent 16.6%. Backlog dipped. Company reaffirms 2025 guidance: revenue $1.97B-$2.06B, Adjusted EBITDA $370M-$390M. TES faces macro uncertainty.
10-Q
Q3 FY2025 results
Custom Truck One Source posted Q3 revenue of $482.1M, up 7.8% y/y from $447.2M, with rental revenue jumping 17.4% to $127.1M on higher fleet utilization while equipment sales rose 4.9% to $320.6M. Gross profit climbed 9.7% to $100.8M (20.9% margin), driving operating income up 41.6% y/y to $32.6M, yet interest expense of $40.2M flipped it to a $5.8M net loss—better than last year's $17.4M. Cash swelled to $13.1M with $262.8M YTD operating cash flow; total debt hit $1.67B (ABL at 6.5%, $238M available), covenants met. Repurchased $32.6M ECP shares in January. Sales backlog fell 29%. Competition shadows equipment pricing.
IPO
Website
Employees
Sector
Industry
ALTG
Alta Equipment Group Inc.
5.28+0.03
AMMX
AmeraMex International Inc.
0.13+0.00
CNTM
ConnectM Technology Solutions,
0.46-0.04
ELEEF
Element Fleet Mgmt Corp.
25.90+0.06
HRI
Herc Holdings Inc.
156.24+2.87
OSK
Oshkosh Corporation (Holding Co
128.52-1.51
R
Ryder System, Inc.
191.55+0.91
TMTNF
Toromont Industries Ltd.
122.16+4.26
URI
United Rentals, Inc.
818.68+8.24
XOS
Xos, Inc.
2.13-0.04