Custom Truck One Source Inc Stock Price, News & Analysis

Custom Truck One Source (NYSE: CTOS) announced participation in the Oppenheimer 17th Annual Industrial Growth Conference on May 4, 2022. CEO Fred Ross, President Ryan McMonagle, CFO Brad Meader, and Chief Accounting Officer Todd Barrett will engage in a fireside chat starting at 12:45 p.m. EDT. A live webcast will be available via the Company’s Investor Relations website, with a replay for 30 days post-conference. Custom Truck One Source provides specialized truck and heavy equipment solutions across North America, serving various markets.

Custom Truck One Source (NYSE: CTOS) announced the appointment of Todd Barrett as interim Chief Financial Officer, effective May 13, 2022, following the resignation of Brad Meader. Meader will assist in the transition until May 27, 2022. The company provided a preliminary revenue range for Q1 2022 of $363 million to $366 million, with a net loss range of $10 million to $8 million, and an Adjusted EBITDA range of $90 million to $93 million. The official financial results will be released on May 10, 2022.

Custom Truck One Source (NYSE: CTOS) will release its first quarter 2022 financial results post-market on May 10, 2022. Management will host a conference call at 5:00 p.m. EDT on the same day to discuss the results, accessible via a public webcast on their investor website. A replay will be available until May 17, 2022. The company provides specialized truck and heavy equipment solutions, servicing markets including utility and telecommunications across North America.

Custom Truck One Source, Inc. (NYSE: CTOS) has appointed Vice Admiral Mary Jackson (U.S. Navy, Retired) to its Board of Directors, filling a vacancy. She will also serve on the Audit and Compensation Committees, recognized as an independent director per NYSE and SEC rules. CEO Fred Ross and Chairman Marshall Heinberg expressed their confidence in her extensive background in logistics and supply chain management, anticipating her contributions will enhance the Company's navigation of current supply chain challenges.

Custom Truck One Source, Inc. (NYSE: CTOS) announced that its CEO Fred Ross, President Ryan McMonagle, and CFO Brad Meader will present at the Sidoti Spring 2022 Small Cap Virtual Conference on March 23, 2022, at 11:30 a.m. ET. Interested investors can access a live webcast of the presentation through the company's Investor Relations website. A replay will be available for 90 days following the event. Custom Truck One Source is a key player in the specialized truck and heavy equipment sector, serving utility, telecom, rail, and infrastructure markets across North America.

Custom Truck One Source (CTOS) reported Q4 2021 revenue of $356.4 million and a full-year revenue of $1,167.2 million, driven by strong demand in the electric utility and telecom sectors. Despite a quarterly net loss of $3.7 million, improvements in gross profit were noted, rising to $77.9 million. Pro forma full-year revenue increased 9.4% to $1,483.6 million. Adjusted EBITDA for the year reached $323.1 million, a 9.5% increase. The company's 2022 outlook projects revenue between $1,565 million and $1,750 million.

Custom Truck One Source (NYSE: CTOS) will release its fourth quarter and full-year 2021 financial results on March 10, 2022, after market close. A conference call is scheduled for 5:00 pm ET on the same day to discuss the results. Interested parties can access the webcast and financial information at investors.customtruck.com. The call can also be listened to via phone, with a replay available until March 17, 2022.

Custom Truck One Source (NYSE: CTOS) has announced that its President, Ryan McMonagle, and CFO, Brad Meader, will present at the Citi 2022 Global Industrial Tech and Mobility Conference on February 22, 2022, at 4:20 p.m. ET. The event will be accessible via a live webcast on the company's Investor Relations website, with a replay available for 30 days post-conference. Custom Truck is a top provider of specialized truck and heavy equipment solutions across North America, catering to various markets including utility and telecommunications.

Custom Truck One Source (NYSE: CTOS) has successfully acquired the HiRail Leasing Group for $46.0 million, enhancing its service offerings in Canada. HiRail, a key player in rail equipment rental with over 600 units, extends Custom Truck's reach into Ontario and Alberta. This acquisition aligns with Custom Truck's strategy to bolster its core rental business and deliver comprehensive equipment solutions to its customers. The deal was financed through available cash and existing credit facilities, indicating a solid financial backing for growth.