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) announced its CFO, Chris Eperjesy, will participate in a fireside chat at the Deutsche Bank 2022 Industrials Conference on November 14, 2022, at 1:10 p.m. ET. This event allows for discussions with institutional investors, highlighting the company's leadership in specialized truck and heavy equipment solutions across North America. 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 (NYSE: CTOS) has formed a significant partnership with UTV International to expand its offerings. This collaboration introduces six new tracked utility vehicles to Custom Truck's sales and rental fleet. The partnership enhances national coverage and service response times across 34 states. Custom Truck's Executive VP, Smiley Rich, expressed excitement over providing customers with more equipment options. UTV International is known for its innovative solutions in utilities, wildfire, and military sectors.
Custom Truck One Source (NYSE: CTOS) announced that President Ryan McMonagle and CFO Chris Eperjesy will participate in a fireside chat at the Robert W. Baird 2022 Global Industrial Conference on November 10, 2022, at 1:35 p.m. ET. Investors can access a live webcast through the Company’s Investor Relations website, with a replay available for 30 days post-conference. Custom Truck One Source provides specialized truck and heavy equipment solutions across North America, including rentals, sales, and services.
Custom Truck One Source (CTOS) will announce its third quarter 2022 financial results on November 8, 2022, after market close. The management will discuss these results during a conference call at 5:00 p.m. ET on the same day. Interested parties can access the presentation through the company's investor relations website. Custom Truck One Source specializes in providing truck and heavy equipment solutions to the utility, telecommunications, rail, and infrastructure sectors across North America.
Custom Truck One Source (CTOS) has announced its partnership with Battle Motors to expand its truck offerings, which will include the full cabover line of electric trucks. This collaboration enables Battle Motors to utilize Custom Truck's distribution channels, enhancing their market presence while providing comprehensive customer support. The partnership caters to the refuse and municipal markets, offering CARB-compliant solutions. With decades of design expertise, Battle Motors focuses on innovation in heavy-duty trucks, ensuring reliability across various applications.
Custom Truck One Source (CTOS) reported robust financial results for Q2 2022, achieving total revenue of $362.1 million, driven by a 13.7% increase in rental revenue. Gross profit surged 77.3% to $82.8 million, while net income returned to $13.6 million from a $129.4 million loss in the same quarter last year. Adjusted EBITDA rose 21.6% year-over-year to $85.4 million. The company announced a stock repurchase program of $30 million and is updating its full-year revenue guidance to $1.540-$1.650 billion. Despite ongoing supply chain issues, CTOS maintains strong customer demand across its segments.
Custom Truck One Source (CTOS) announced the appointment of Christopher J. Eperjesy as Chief Financial Officer, effective August 15, 2022, succeeding Todd Barrett, who remains Chief Accounting Officer. Eperjesy brings extensive experience from positions at Clarios International and Cooper Tire & Rubber Company. Additionally, the Company authorized a $30 million stock repurchase program, signaling management's confidence in long-term growth strategies. This repurchase initiative aims to support shareholder value amidst market fluctuations.
Custom Truck One Source (CTOS) will release its second quarter 2022 financial results on August 9, 2022, after market close. Management will hold 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. A replay of the call will be available until August 16, 2022.
Custom Truck One Source provides specialized truck and equipment solutions across North America.
American Veterans Group has launched an initiative to connect veterans with employment opportunities at Custom Truck One Source (CTOS) in Kansas City. Funded through a grant to the U.S. Chamber of Commerce Foundation's Hiring Our Heroes program, this initiative aims to prepare military service members and their spouses for civilian careers. Custom Truck will engage with active-duty personnel to fill technical roles that align with their skills. AVG pledges 25% of its earnings to support veterans' employment efforts, enhancing workforce diversity and economic opportunity.
Custom Truck One Source (NYSE: CTOS) announced that President Ryan McMonagle and Interim CFO Todd Barrett will participate in a fireside chat and private investor meetings at the Stifel 2022 Cross Sector Insight Conference on June 8, 2022, starting at 4:45 p.m. EDT. A live webcast of the event will be available on the Company's Investor Relations website, with a replay accessible for 30 days post-conference. Custom Truck One Source provides specialized truck and heavy equipment solutions across North America, catering to utility and telecommunications markets, among others.