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 (CTOS) provides integrated specialized truck and heavy equipment solutions across North America. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Access real-time press releases covering earnings reports, equipment fleet expansions, partnership agreements, and operational milestones. Investors and industry professionals will find curated updates on CTOS's rental solutions, aftermarket services, and market positioning within key sectors like utilities and infrastructure.
All content undergoes strict verification to ensure accuracy and relevance. Bookmark this page for direct access to primary source materials supporting informed analysis of CTOS's performance and industry leadership in equipment lifecycle management.
Custom Truck One Source (NYSE: CTOS) has scheduled its first quarter 2025 earnings release and conference call. The company will release its financial results after market close on Wednesday, April 30, 2025, followed by a management discussion conference call on Thursday, May 1, 2025 at 9:00 a.m. ET.
The earnings call will be accessible via an audio-only webcast at investors.customtruck.com. Investors can also join by phone using the dial-in numbers 1-800-715-9871 or 1-646-307-1963 with conference ID 8102215. A replay will be available until May 8, 2025, at 11:59 p.m. ET.
Custom Truck One Source (NYSE: CTOS) showcased its latest equipment innovations at the WWETT Show 2025, featuring the debut of the Load King Turbo Loader. Built on a Peterbilt 567 8x4 chassis, this vacuum truck boasts a 3,500-gallon carbon steel tank, Jurop Helix 1500 Blower with 4,000 CFM rating, and Cummins X15 525HP engine.
Key features include a D.O.T. 412 certified tank, hydraulic rear door system, advanced filtration with dual cyclones, and Allison 4500 RDS transmission. The company also displayed several Tornado Hydrovac products, including the new Tornado EF4 model.
The event included live product demonstrations and a VIP Welcome Party at Lucas Oil Stadium, co-sponsored with Tornado Hydrovac, providing networking opportunities for industry professionals.
Custom Truck One Source (NYSE: CTOS) reported mixed Q4 and full-year 2024 results. Q4 revenue reached $520.7 million, up 16.4% quarter-over-quarter, while full-year revenue declined 3.4% to $1.8 billion.
Q4 highlights include net income of $27.6 million versus Q3 net loss of $17.4 million, and Adjusted EBITDA of $102.0 million, up 27.2% from Q3. However, full-year performance showed a net loss of $28.7 million compared to 2023's net income of $50.7 million.
The company's Equipment Rental Solutions (ERS) segment saw improved Q4 performance with 78.9% fleet utilization. Truck and Equipment Sales (TES) achieved record revenue exceeding $300 million quarterly and $1 billion annually. The company completed a sale-leaseback transaction generating $52.5 million in net proceeds.
For 2025, CTOS expects growth driven by data center investments, manufacturing onshoring, electrification, and utility grid upgrades. The company targets $50-100 million in levered free cashflow and aims to reduce net leverage ratio below 4x by year-end.
Custom Truck One Source (NYSE: CTOS) has announced its participation in the upcoming 2025 J.P. Morgan Industrials Conference in New York City. The company's leadership team, including CEO Ryan McMonagle and CFO Chris Eperjesy, will engage with institutional investors and deliver a presentation on March 11, 2025, at 2:40 p.m. ET.
The presentation will feature a fireside chat format with a Q&A session. Investors and interested parties can access a live audio webcast through the company's Investor Relations website at investors.customtruck.com. The presentation recording will remain available for 30 days post-conference on the same platform.
Custom Truck One Source (NYSE: CTOS) has announced its upcoming fourth quarter and full-year 2024 financial results release schedule. The company will disclose its results after market close on Tuesday, March 4, 2025, followed by a management conference call on Wednesday, March 5, 2025, at 9:00 a.m. ET.
The earnings discussion will be accessible via an audio webcast at investors.customtruck.com. Interested parties can also join by phone using either 1-800-715-9871 or 1-646-307-1963 with conference ID 5195913. A replay option will be available until March 12, 2025, by calling 1-800-770-2030 or 1-609-800-9909 with passcode 5195913.
Custom Truck One Source (NYSE: CTOS) has announced its participation in the BofA Securities 2024 Leveraged Finance Conference in Boca Raton, FL. President and CEO Ryan McMonagle and CFO Chris Eperjesy will engage in a fireside chat and meet with institutional investors on December 3, 2024, starting at 8:10 a.m. ET. The event will feature a live audio-only webcast accessible through the company's Investor Relations website, with a 60-day replay available post-conference.
Custom Truck One Source (CTOS) reported Q3 2024 results with total revenue of $447.2 million, up 5.7% from Q2 2024. The company posted a net loss of $17.4 million, improving 28.9% from Q2. Key metrics include gross profit of $91.8 million and Adjusted EBITDA of $80.2 million. Average OEC on rent increased by $38.0 million (3.6%) compared to Q2.
The company upsized its ABL revolving credit facility limit by $200 million to $950 million with extended maturity to 2029. CTOS updated its 2024 guidance with revenue outlook of $1,800-1,890 million and Adjusted EBITDA of $340-350 million. The company reported significant improvement in OEC on rent, increasing by over $200 million (20%) since Q2 end through late October.
Custom Truck One Source (NYSE: CTOS) has announced that it will release its third quarter 2024 financial results after the market close on Wednesday, October 30, 2024. The company will host a conference call to discuss the results on Thursday, October 31, 2024, at 9:00 a.m. EDT.
Investors can access the webcast and financial presentation at investors.customtruck.com. To listen by phone, dial 1-800-715-9871 or 1-646-307-1963 with conference ID 2976854. A replay will be available until November 7, 2024, at 11:59 p.m. EDT by dialing 1-800-770-2030 or 1-609-800-9909 with passcode 2976854.
Custom Truck One Source (NYSE: CTOS) has announced its participation in the 23rd Annual D.A. Davidson Diversified Industrials & Services Conference. The event will take place on September 19, 2024, in Nashville, Tennessee. Ryan McMonagle, President and CEO, and Chris Eperjesy, CFO, will represent the company and be available for one-on-one meetings with institutional investors.
This conference provides an opportunity for Custom Truck One Source to engage with potential investors and showcase its business. Interested parties are advised to contact their D.A. Davidson representative for more information about scheduling meetings with the company's executives.
Custom Truck One Source (NYSE: CTOS) reported Q2 2024 results, showing declines across key metrics:
- Total revenue decreased 7.4% to $423.0 million
- Gross profit fell 19.3% to $89.3 million
- Net loss of $24.5 million compared to $11.6 million profit in Q2 2023
- Adjusted EBITDA down 22.4% to $80.1 million
The company cited slower utility market demand impacting its Equipment Rental Solutions segment. However, it saw continued strength in infrastructure, rail and telecom markets. CTOS updated its 2024 guidance, now expecting:
- Revenue of $1.8-$1.98 billion
- Adjusted EBITDA of $340-$375 million
Management expects temporary headwinds to persist through 2024 but anticipates a return to growth in 2025, driven by long-term tailwinds in its end markets.
