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) 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.
Custom Truck One Source (CTOS) reported financial results for Q1 2022, revealing total revenue of $366.5 million, primarily driven by strong demand for rental equipment. Gross profit improved by 8.5% to $84.5 million. Despite a net loss of $3.3 million, a decrease from $3.7 million in Q4 2021, the company closed the acquisition of HiRail Leasing Group for $51.6 million. Adjusted EBITDA decreased to $91.5 million. The firm maintains its full-year revenue and EBITDA outlook amid ongoing operational optimization.
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.