Custom Truck One Source Inc Stock Price, News & Analysis

Custom Truck One Source (CTOS) reported Q3 2024 results with total revenue of $447.2 million, up 5.7% from Q2 2024. The company posted a net loss of $17.4 million, improving 28.9% from Q2. Key metrics include gross profit of $91.8 million and Adjusted EBITDA of $80.2 million. Average OEC on rent increased by $38.0 million (3.6%) compared to Q2.

The company upsized its ABL revolving credit facility limit by $200 million to $950 million with extended maturity to 2029. CTOS updated its 2024 guidance with revenue outlook of $1,800-1,890 million and Adjusted EBITDA of $340-350 million. The company reported significant improvement in OEC on rent, increasing by over $200 million (20%) since Q2 end through late October.

Custom Truck One Source (NYSE: CTOS) has announced that it will release its third quarter 2024 financial results after the market close on Wednesday, October 30, 2024. The company will host a conference call to discuss the results on Thursday, October 31, 2024, at 9:00 a.m. EDT.

Investors can access the webcast and financial presentation at investors.customtruck.com. To listen by phone, dial 1-800-715-9871 or 1-646-307-1963 with conference ID 2976854. A replay will be available until November 7, 2024, at 11:59 p.m. EDT by dialing 1-800-770-2030 or 1-609-800-9909 with passcode 2976854.

Custom Truck One Source (NYSE: CTOS) has announced its participation in the 23rd Annual D.A. Davidson Diversified Industrials & Services Conference. The event will take place on September 19, 2024, in Nashville, Tennessee. Ryan McMonagle, President and CEO, and Chris Eperjesy, CFO, will represent the company and be available for one-on-one meetings with institutional investors.

This conference provides an opportunity for Custom Truck One Source to engage with potential investors and showcase its business. Interested parties are advised to contact their D.A. Davidson representative for more information about scheduling meetings with the company's executives.

Custom Truck One Source (NYSE: CTOS) reported Q2 2024 results, showing declines across key metrics:

- Total revenue decreased 7.4% to $423.0 million
- Gross profit fell 19.3% to $89.3 million
- Net loss of $24.5 million compared to $11.6 million profit in Q2 2023
- Adjusted EBITDA down 22.4% to $80.1 million

The company cited slower utility market demand impacting its Equipment Rental Solutions segment. However, it saw continued strength in infrastructure, rail and telecom markets. CTOS updated its 2024 guidance, now expecting:

- Revenue of $1.8-$1.98 billion
- Adjusted EBITDA of $340-$375 million

Management expects temporary headwinds to persist through 2024 but anticipates a return to growth in 2025, driven by long-term tailwinds in its end markets.

Custom Truck One Source (NYSE: CTOS) has announced its plan to release second quarter 2024 financial results after the market close on Thursday, August 1, 2024. The company will host a conference call at 5:00 p.m. EDT on the same day to discuss the results. Investors can access the webcast and financial presentation at investors.customtruck.com. For those who prefer to listen by phone, dial-in numbers are provided along with the conference ID. A replay of the call will be available until August 8, 2024, with specific replay instructions provided.

Custom Truck One Source (NYSE: CTOS) has announced that its CFO, Chris Eperjesy, will participate in the Deutsche Bank 15th Annual Global Industrials, Materials & Building Products Conference. The event will take place in New York City on June 6, 2024. Eperjesy will take part in a fireside chat and meet with institutional investors. The fireside chat is scheduled for 11:10 a.m. EDT and will be available via a live audio-only webcast on the company's Investor Relations website. A replay will be accessible for 30 days post-conference.

Custom Truck One Source, Inc. (NYSE: CTOS) reported a decrease in total revenue, gross profit, and adjusted EBITDA for the first quarter of 2024 compared to the same period in 2023. The net loss was $14.3 million, a significant decline from the net income of $13.8 million in the first quarter of 2023. The company attributes these declines to lower rental asset sales, reduced rental demand from the utility end market, and supply chain issues affecting job starts in their core Transmission & Distribution markets. Despite these challenges, CTOS remains optimistic about future growth due to strong demand in their Truck & Equipment Sales and Aftermarket Parts and Services segments.