Custom Truck One Source Inc - CTOS STOCK NEWS

Custom Truck One Source (NYSE: CTOS) has announced that its CFO, Chris Eperjesy, will participate in the Deutsche Bank 15th Annual Global Industrials, Materials & Building Products Conference. The event will take place in New York City on June 6, 2024. Eperjesy will take part in a fireside chat and meet with institutional investors. The fireside chat is scheduled for 11:10 a.m. EDT and will be available via a live audio-only webcast on the company's Investor Relations website. A replay will be accessible for 30 days post-conference.

Custom Truck One Source, Inc. (NYSE: CTOS) reported a decrease in total revenue, gross profit, and adjusted EBITDA for the first quarter of 2024 compared to the same period in 2023. The net loss was $14.3 million, a significant decline from the net income of $13.8 million in the first quarter of 2023. The company attributes these declines to lower rental asset sales, reduced rental demand from the utility end market, and supply chain issues affecting job starts in their core Transmission & Distribution markets. Despite these challenges, CTOS remains optimistic about future growth due to strong demand in their Truck & Equipment Sales and Aftermarket Parts and Services segments.

Custom Truck One Source, Inc. (NYSE: CTOS) opens a new location in Ogden, Utah, to cater to the growing demand in the Salt Lake City market and the broader Western region. The facility adds 10,000 square feet of space and five service bays, positioning itself as a sales and rental hub for various industries. The company aims to support the infrastructure development in the region and meet the needs of new and existing customers.

Custom Truck One Source (CTOS) is set to participate in the Oppenheimer 19th Annual Industrial Growth Conference with the CEO and CFO engaging in a fireside chat and meeting with institutional investors. The event is scheduled for May 7, 2024, and will be held virtually. Investors can access a live webcast of the presentation through the company's Investor Relations website.

Custom Truck One Source, Inc. (CTOS) is set to announce its first quarter 2024 financial results on May 2, 2024. The results will be discussed in a conference call at 5:00 p.m. ET. Investors can access the webcast and financial information on investors.customtruck.com. Details for phone access and the replay are provided in the press release.

Custom Truck One Source (CTOS) acquires A&D Maintenance and Repair, expanding its presence in New York. The acquisition brings a 20,000 square feet facility and experienced team, enhancing service capabilities in the region.

Custom Truck One Source (CTOS) wins Kansas City Business Journal award for $35 million renovation of historical warehouse on its headquarter campus. The renovated building houses various departments, with plans to add 100 positions this year. Custom Truck has experienced significant growth since its founding in 2005.

Custom Truck One Source, Inc. (CTOS) acquires SOS Fleet Services, in Alexandria, Louisiana, expanding its service footprint. The acquisition brings a 30,000 square feet facility and experienced team, enhancing rental product offerings and repair services. With planned branch openings, CTOS aims to increase its national footprint to 39 locations, improving customer service.

Custom Truck One Source, Inc. (CTOS) reported strong financial results for Q4 and full year 2023 with total revenue of $521.8 million and $1,865.1 million respectively. Despite a decrease in quarterly gross profit, annual gross profit increased by 18.4%. Adjusted gross profit saw a 1.2% increase. Net income for Q4 decreased to $16.1 million, while full-year 2023 net income increased to $50.7 million. Adjusted EBITDA for Q4 was $118.4 million, with an annual increase of 8.6%. CTOS anticipates growth in 2024 with a focus on capital allocation for long-term shareholder value.