Custom Truck One Source, Inc.

CTOS: 10-Q · periodic report

Custom Truck One Source reported a return to profitability for the six months ended June 30, 2026, with net income of $6.3 million compared to a net loss of $46.2 million in the prior year period. This turnaround was driven by a 9.8% increase in total revenue to $1.03 billion, fueled by strong new equipment sales and higher rental revenue. Operational performance improved across both reportable segments, with the Specialty Equipment Rentals (SER) segment increasing revenue by 17.9% and the Specialty Truck Equipment & Manufacturing (STEM) segment growing revenue by 4.9%. Fleet utilization increased to 81.5% from 77.3% in the prior year, and the company reduced its Net Leverage Ratio to 3.85x from 4.02x in the prior quarter. Liquidity remains adequate with $10.3 million in cash and $229.4 million of availability under the ABL Facility as of June 30, 2026. The company expects to renew its $397.0 million non-trade floor plan facility maturing in August 2026 on terms substantially consistent with the existing agreement.

SEC 10-Q•2mo ago

Custom Truck One Source, Inc. Reports Second Quarter 2026 Results and Increases Full Year 2026 Revenue and Adjusted EBITDA Guidance

Custom Truck One Source reported record second quarter revenue of $563.4 million, up 10.2% year-over-year, with Adjusted EBITDA increasing 25% to $116.8 million. Driven by strong performance in the utility transmission and distribution end markets, the company raised its full year 2026 guidance to revenue of $2.1 billion to $2.2 billion and Adjusted EBITDA of $437.5 million to $455 million. Net leverage improved to 3.85x at quarter-end, down from 4.31x at year-end 2025, as the company generated positive operating cash flow and managed working capital.

•2mo ago

Custom Truck One Source Awarded Sourcewell Cooperative Contract

Custom Truck One Source has been awarded a cooperative purchasing contract through Sourcewell following a competitive solicitation process. The contract allows eligible municipal, state, and local government agencies to purchase specialty equipment directly from Custom Truck, streamlining procurement and reducing administrative burdens for buyers. CEO Ryan McMonagle stated the selection reinforces customer trust and will help expand partnerships with government agencies across North America.

•4mo ago

Custom Truck One Source, Inc. Reports First Quarter 2026 Results and Increases Adjusted EBITDA 2026 Guidance

Custom Truck One Source reported record first-quarter revenue of $461.6 million, a 9.3% increase year-over-year, driven by strong demand in transmission and distribution markets. Adjusted EBITDA surged 33.4% to $98.0 million, while the net loss improved by 76.9% to $4.1 million compared to the prior year period. Buoyed by the performance, management raised its full-year 2026 Adjusted EBITDA guidance to a range of $415 million to $440 million, up from the previous range of $410 million to $435 million.

•5mo ago