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 (CTOS) is set to release its first quarter 2023 financial results on May 9, 2023, after market close. Management will hold a conference call to discuss the results at 5:00 p.m. ET on the same day, with a webcast available for public access.
The company is a leading provider of specialty equipment and services in North America, catering to sectors such as electric utility, telecommunications, and rail markets. Custom Truck One Source operates a rental fleet exceeding 10,000 units, which includes various specialized equipment necessary for infrastructure maintenance and installation.
Custom Truck One Source, trading under the ticker CTOS, has officially opened a new location in
This strategic move is expected to enhance operational capacity and customer service, further solidifying Custom Truck's position as a market leader.
Custom Truck One Source, Inc. (CTOS) reported robust financial results for Q4 and FY 2022. Q4 revenue surged 36.6% to $486.7 million, while annual revenue reached $1.573 billion, up 34.8% from 2021. Gross profit improved by 64.7% in Q4, totaling $128.3 million, with net income rebounding to $30.9 million from a loss in Q4 2021. Adjusted EBITDA for FY 2022 was $393 million, marking a 21.6% increase. The company appointed Ryan McMonagle as CEO, with strong operational momentum and demand expected to continue in 2023. Guidance for this year anticipates revenues between $1.61 billion and $1.73 billion, driven by growth across all segments.
Custom Truck One Source (NYSE: CTOS) announced that its President and COO, Ryan McMonagle, along with CFO, Chris Eperjesy, will present at the J.P. Morgan 2023 Industrials Conference in New York City on March 16, 2023, at 3:00 p.m. ET. The presentation will include a fireside chat and a Q&A session. A live audio-only webcast will be accessible via the Company’s Investor Relations website, with a replay available for 30 days. Custom Truck One Source specializes in providing truck and heavy equipment solutions across various markets in North America, including rentals and manufacturing.
Custom Truck One Source (NYSE: CTOS) will release its fourth quarter and full year 2022 financial results after the market close on March 14, 2023. The management team will host a conference call to discuss the results at 5:00 p.m. ET on the same day. Investors can access the webcast and presentation via their investor page. A replay of the call will be available until March 21, 2023.
Custom Truck One Source (NYSE: CTOS) announced that President Ryan McMonagle and CFO Chris Eperjesy will present at the CJS Securities 23rd Annual New Ideas for the New Year Investor Conference on January 11, 2023. The event will be held virtually, starting at 10:15 a.m. ET, featuring a fireside chat and Q&A session. Investors can listen to a live audio webcast on the Company's Investor Relations website, with a replay available for 30 days after the conference. Custom Truck One Source provides specialized truck and heavy equipment solutions across North America.
Custom Truck One Source (CTOS) announced the retirement of CEO Fred Ross effective March 20, 2023. Ryan McMonagle, the current President and COO, will succeed him. The Board unanimously approved this transition as part of a succession plan. Ross will remain with the company as Founder and Board member, assisting in leadership transition and special projects. McMonagle, who joined CTOS in 2015, aims to uphold the company's reputation and further its growth in specialized truck and heavy equipment solutions in North America.
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Custom Truck One Source (NYSE: CTOS) announced participation in the BofA Securities 2022 Leveraged Finance Conference on Tuesday, November 29, 2022. President Ryan McMonagle and CFO Chris Eperjesy will engage in a fireside chat at 2:10 p.m. ET. A live webcast will be available through the Company’s Investor Relations website, and a replay will be accessible for 30 days post-conference. Custom Truck One Source specializes in truck and heavy equipment solutions across various sectors in North America.
Custom Truck One Source (CTOS) reported its Q3 2022 results, showcasing total revenue of $357.8 million, slightly up from $357.3 million in Q3 2021. Rental revenue grew by 5.4% to $115 million, driven by strong demand across all segments. Gross profit increased 35.1% to $88.2 million, yet the company posted a net loss of $2.4 million, an improvement from a $20.5 million loss last year. Adjusted EBITDA rose to $91.6 million. Despite supply chain challenges, CTOS maintained a strong sales order backlog of $709.2 million.