Welcome to our dedicated page for Custom Truck One Source news (Ticker: CTOS), a resource for investors and traders seeking the latest updates and insights on Custom Truck One Source stock.
Custom Truck One Source, Inc. (NYSE: CTOS) generates a steady flow of news tied to its role as a provider of specialty equipment, parts, tools, accessories and services for electric utility transmission and distribution, telecommunications, rail and other infrastructure-related end markets in North America. This news page focuses on developments that affect CTOS as a public company and as an equipment and services provider to critical infrastructure projects.
Visitors can review updates on quarterly financial results, where the company reports revenue from rental, equipment sales and parts and services across its Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES) and Aftermarket Parts and Services (APS) segments. Earnings releases often include segment performance, operating metrics such as fleet utilization, average original equipment cost on rent and sales order backlog, as well as commentary on demand trends in its core utility and infrastructure markets.
News items also cover corporate and capital markets activity, including announcements about participation in leveraged finance, industrial growth and diversified industrials and services conferences, where management presents to and meets with institutional investors. These events provide insight into how the company communicates its strategy, segment outlooks and financial guidance to the investment community.
In addition, Custom Truck One Source issues press releases about operational developments such as the opening of new locations in markets like Portland, Oregon and Orlando, Florida, which are intended to enhance service coverage in key regions. Product-related news highlights new equipment introductions from its manufacturing arm, Load King Manufacturing, including tracked easement machines, service trucks, material handling units and an all-electric bucket truck available through CTOS sales, rentals and in-house financing options.
By following this CTOS news feed, readers can track financial disclosures, geographic expansion, product launches and investor-related events that shape the company’s position in utility, telecom, rail and other infrastructure-related markets.
Custom Truck One Source (NYSE: CTOS) is set to release its third quarter 2021 financial results on November 9, 2021, after market close. A conference call will follow at 5:00 pm ET to discuss the results, available at investors.customtruck.com. Interested parties can join the discussion by phone or access a replay until November 16, 2021. Custom Truck One Source provides specialized truck and heavy equipment solutions across North America, focusing on various markets including utility and telecommunications.
Custom Truck One Source (NYSE: CTOS) announced that its President Ryan McMonagle and CFO Brad Meader will present at the Deutsche Bank 29th Annual Leveraged Finance Conference on October 5, 2021, at 10:00 a.m. Eastern Time. A live webcast will be available on the company’s Investor Relations website, with a replay accessible for 30 days post-conference. Custom Truck One Source specializes in providing truck and heavy equipment solutions across various markets in North America.
Custom Truck One Source, Inc. (NYSE: CTOS) announced that CEO Fred Ross, President Ryan McMonagle, and CFO Brad Meader will present at the DA Davidson 20th Annual Diversified Industrials & Services Conference on September 22, 2021, at 2:00 PM ET. The presentation will be available via live webcast on Custom Truck's Investor Relations website for 30 days following the event. Custom Truck One Source specializes in providing heavy equipment solutions across North America, serving various industries including utility and telecommunications.
Custom Truck One Source (CTOS) reported strong Q2 2021 financial results following its acquisition of Custom Truck LP. Total revenue surged to $375.1 million, up 27.4% year-over-year, with equipment sales contributing $247.7 million, a 47.6% increase. Despite a net loss of $129.4 million due to one-time charges, adjusted EBITDA rose to $70.2 million, reflecting robust demand in infrastructure markets. Cash flow from operations reached $57.2 million, while equipment sales backlog stood at $222.7 million, indicating strong future revenue potential.
Custom Truck One Source, Inc. (NYSE: CTOS) will release its second quarter 2021 earnings after the market closes on August 12, 2021. Management will discuss the results in a conference call at 5:00 pm ET on the same day, with a public webcast available. The company's offerings include specialized truck and heavy equipment solutions for various markets across North America. Investors can access financial information on the company’s investor relations website.
Custom Truck One Source (NYSE: CTOS) announced its executive team will present at the CJS Annual New Ideas Conference on July 13, 2021, at 1:35 p.m. Eastern Time. The team includes CEO Fred Ross, COO Ryan McMonagle, and CFO Brad Meader. A live webcast will be available on the company's Investor Relations website. Custom Truck One Source offers specialized truck and heavy equipment solutions across North America, serving various industries including utility and telecommunications.
Custom Truck One Source reported first-quarter revenue of $78.3 million, a 4.2% decrease from $81.7 million in Q1 2020. The Equipment Rentals and Sales segment remained steady at $62.7 million. Fleet utilization improved to 78.5%, while net loss widened to $27.9 million. Adjusted EBITDA fell 14.1% to $27.5 million. Following the acquisition of Custom Truck, the company anticipates $50 million in synergies. Cash on hand was $3.2 million, with $743.6 million in net debt. The acquisition is seen as a strategic milestone in expanding market reach.
Custom Truck One Source, Inc. (NYSE: CTOS) will release its first-quarter 2021 earnings results after market close on May 12, 2021. The management will discuss these results during a conference call at 5:00 pm ET on the same day. The call will be accessible via phone or webcast, with a replay available until May 19, 2021. Custom Truck One Source is a leading provider of specialized truck and heavy equipment solutions in North America, offering rentals, sales, and services across various markets.
Custom Truck One Source (NYSE: CTOS) will present at the Oppenheimer 16th Annual Industrial Growth Conference on May 4, 2021, at 12:00 p.m. Eastern Time. Key executives, including CEO Fred Ross, President Ryan McMonagle, and CFO Brad Meader, will discuss the company’s strategies and solutions in specialized truck and heavy equipment for the utility and infrastructure markets.
A live webcast of the presentation will be available on their Investor Relations website.
Nesco Holdings, Inc. has completed its acquisition of Custom Truck One Source, L.P. for $1.475 billion, effective April 1, 2021. The newly renamed Custom Truck One Source, Inc. will focus on providing specialized truck and heavy equipment solutions, catering to growing infrastructure markets such as energy and telecommunications. The company’s common stock will begin trading under the ticker symbol CTOS on April 5, 2021. Platinum Equity has become the majority stockholder, while existing CTOS stakeholders have transitioned to minority positions.