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Custom Truck One Source Inc - CTOS STOCK NEWS

Welcome to our dedicated news page for Custom Truck One Source (Ticker: CTOS), a resource for investors and traders seeking the latest updates and insights on Custom Truck One Source.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Custom Truck One Source's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Custom Truck One Source's position in the market.

Rhea-AI Summary
Custom Truck One Source, Inc. (CTOS) acquires SOS Fleet Services, in Alexandria, Louisiana, expanding its service footprint. The acquisition brings a 30,000 square feet facility and experienced team, enhancing rental product offerings and repair services. With planned branch openings, CTOS aims to increase its national footprint to 39 locations, improving customer service.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.19%
Tags
acquisition
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Rhea-AI Summary
Custom Truck One Source, Inc. (CTOS) reported strong financial results for Q4 and full year 2023 with total revenue of $521.8 million and $1,865.1 million respectively. Despite a decrease in quarterly gross profit, annual gross profit increased by 18.4%. Adjusted gross profit saw a 1.2% increase. Net income for Q4 decreased to $16.1 million, while full-year 2023 net income increased to $50.7 million. Adjusted EBITDA for Q4 was $118.4 million, with an annual increase of 8.6%. CTOS anticipates growth in 2024 with a focus on capital allocation for long-term shareholder value.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-17.71%
Tags
none
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Rhea-AI Summary
Custom Truck One Source, Inc. (CTOS) CFO Chris Eperjesy to present at J.P. Morgan 2024 Industrials Conference. The presentation will include a Q&A session and will be webcasted live.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.3%
Tags
conferences
Rhea-AI Summary
Load King and Custom Truck One Source, Inc. (NYSE: CTOS) are participating in NTEA Work Truck Week to showcase their latest advancements in electric vehicle and hybrid technology. Highlights include innovative equipment like the Load King 10’ Dump Truck and Galbreath SLCH. Visit Booth 4101 to explore cutting-edge solutions for operational efficiency and environmental sustainability.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-1.73%
Tags
none
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Rhea-AI Summary
Custom Truck One Source, Inc. (CTOS) will release Q4 and full-year 2023 financial results on March 7, 2024, followed by a conference call. Investors can access the webcast and presentation on investors.customtruck.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
0.16%
Tags
earnings
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Rhea-AI Summary
Custom Truck One Source, Inc. (NYSE: CTOS) has formed a strategic alliance with Scope Computer Vision Technologies to introduce Scope Control, an innovative solution revolutionizing the stringing line equipment inspection process. Scope Control boasts an extraordinary accuracy rate of over 99% in detecting line irregularities and predicting residual break strength within a remarkable 5%± margin of the actual breaking point. This partnership aims to significantly improve safety and operational efficiency in the electric utility, infrastructure-related, telecom, and rail end markets.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
2.47%
Tags
partnership
Rhea-AI Summary
Custom Truck One Source, Inc. (NYSE: CTOS) CEO and CFO to participate in fireside chat at BofA Securities 2023 Leveraged Finance Conference. Live webcast available on investors.customtruck.com.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
9.39%
Tags
conferences
-
Rhea-AI Summary
Custom Truck One Source, Inc. (NYSE: CTOS) Reports Strong Financial Results, Revenue Up 21.4%, Net Income Increases by $11.6 Million
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
-18.17%
Tags
earnings
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Rhea-AI Summary
Custom Truck One Source, Inc. (NYSE: CTOS) has opened a new location in Williston, ND, adding capacity to its existing footprint in North America. The two-story facility offers more than 10,000 square feet of service capacity to support the needs of Custom Truck's rental fleet and equipment clientele across the Upper Midwest.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.91%
Tags
none
Rhea-AI Summary
Custom Truck One Source (NYSE: CTOS) CEO and CFO to participate in fireside chat and meet with investors at Baird 2023 Global Industrial Conference on November 9, 2023.
Rhea-AI Impact
Rhea-AI Sentiment
End-of-Day
1.23%
Tags
conferences
Custom Truck One Source Inc

NYSE:CTOS

CTOS Rankings

CTOS Stock Data

1.40B
54.91M
4.62%
91.61%
0.56%
General Rental Centers
Real Estate and Rental and Leasing
Link
US
Kansas City

About CTOS

custom truck one source is the first true single-source provider of specialized truck and heavy equipment solutions. with sales, rentals, aftermarket parts and service, equipment customization, remanufacturing, financing solutions, and asset disposal, our team of experts, vast equipment breadth and integrated network of locations across north america offer superior service and unmatched efficiency for our customers.