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 reports developments tied to specialty equipment rentals, sales, parts, tools, accessories and services for North American electric utility transmission and distribution, telecommunications, rail, forestry, waste management and infrastructure markets. Its updates commonly cover financial results, rental fleet utilization, equipment demand, operating segment presentation and debt or cash-flow priorities.
Company news also includes product and distribution activity involving specialized trucks and heavy equipment, including Load King service truck offerings, dealer relationships, investor conferences and earnings-call schedules. The recurring business themes center on equipment used to maintain, repair, upgrade and install electric lines, telecommunications networks and rail systems.
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.
Custom Truck One Source (NYSE: CTOS) will present at the CJS Securities 22nd Annual New Ideas for the New Year Conference on January 12, 2022, starting at 8:00 a.m. Eastern Time. The presentation will feature CEO Fred Ross, President Ryan McMonagle, and CFO Brad Meader. Interested investors can watch a live webcast on the company's Investor Relations website, where a replay will be available for 30 days post-conference. Custom Truck provides specialized truck and heavy equipment solutions throughout North America.
Custom Truck One Source (CTOS) has priced a secondary offering of 12,322,975 shares of common stock at $8.50 per share, set to close on November 22, 2021. This offering is conducted by selling stockholders affiliated with The Blackstone Group, and CTOS will not receive any proceeds. The underwriters have a 30-day option to purchase an additional 1,848,446 shares. Citigroup is the lead book-running manager. The offering is made under an effective shelf registration statement, with no shares being offered by the Company itself.
Summary not available.