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Custom Truck One Source, Inc. - CTOS STOCK NEWS

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) is the premier single-source provider of specialized truck and heavy equipment solutions in North America. The company offers a comprehensive range of services, including sales, rentals, aftermarket parts and service, equipment customization, remanufacturing, financing solutions, and asset disposal. With a vast equipment inventory and a network of integrated locations, CTOS ensures unmatched efficiency and superior service for its customers.

The company serves a diverse range of industries such as electric utility transmission and distribution, forestry, telecom, waste management, rail, and infrastructure. Its operations are segmented into three primary categories: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS). The TES segment is the largest contributor to the company's revenue.

Custom Truck One Source is headquartered in the United States and derives the majority of its revenue from this geography. The company's recent achievements include expanding its equipment fleet, enhancing service offerings, and forming strategic partnerships to better serve its clients. Through continuous innovation and customer-centric services, CTOS aims to maintain its leadership position in the market.

CTOS is committed to providing high-quality equipment and exceptional customer support, making it a trusted partner for businesses in need of specialized equipment solutions. Whether it’s for short-term rentals or long-term purchases, Custom Truck One Source has the expertise and resources to meet the unique needs of its customers.

For the latest updates and developments, visit our news section which contains the most recent information about the company's performance, events, and ongoing projects.

News

Custom Truck One Source to Announce First Quarter 2024 Financial Results

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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.
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Custom Truck One Source Acquires the Business of A&D Maintenance and Repair, Expanding New York Footprint and Service Capabilities

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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.
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Custom Truck One Source Wins Capstone Real Estate Award

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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.
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Custom Truck One Source Acquires the Business of SOS Fleet Services, LLC, Expanding Gulf States Footprint and Service Capabilities

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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.
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Custom Truck One Source, Inc. Reports Record Results for Full-Year 2023

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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.
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Custom Truck One Source to Participate in the J.P. Morgan 2024 Industrials Conference

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Custom Truck One Source, Inc. (CTOS) CFO Chris Eperjesy to present at J.P. Morgan 2024 Industrials Conference. The presentation will include a Q&A session and will be webcasted live.
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Load King and Custom Truck One Source to Showcase Electric and Hybrid Innovations at NTEA Work Truck Week 2024

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Load King and Custom Truck One Source, Inc. (NYSE: CTOS) are participating in NTEA Work Truck Week to showcase their latest advancements in electric vehicle and hybrid technology. Highlights include innovative equipment like the Load King 10’ Dump Truck and Galbreath SLCH. Visit Booth 4101 to explore cutting-edge solutions for operational efficiency and environmental sustainability.
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Custom Truck One Source to Announce Fourth Quarter and Full-Year 2023 Financial Results

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Custom Truck One Source, Inc. (CTOS) will release Q4 and full-year 2023 financial results on March 7, 2024, followed by a conference call. Investors can access the webcast and presentation on investors.customtruck.com.
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Custom Truck One Source Partners with Scope to Elevate Stringing Line Inspection and Safety

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Custom Truck One Source, Inc. (NYSE: CTOS) has formed a strategic alliance with Scope Computer Vision Technologies to introduce Scope Control, an innovative solution revolutionizing the stringing line equipment inspection process. Scope Control boasts an extraordinary accuracy rate of over 99% in detecting line irregularities and predicting residual break strength within a remarkable 5%± margin of the actual breaking point. This partnership aims to significantly improve safety and operational efficiency in the electric utility, infrastructure-related, telecom, and rail end markets.
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Custom Truck One Source to Participate in the BofA Securities 2023 Leveraged Finance Conference

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Custom Truck One Source, Inc. (NYSE: CTOS) CEO and CFO to participate in fireside chat at BofA Securities 2023 Leveraged Finance Conference. Live webcast available on investors.customtruck.com.
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FAQ

What is the current stock price of Custom Truck One Source (CTOS)?

The current stock price of Custom Truck One Source (CTOS) is $5.72 as of November 22, 2024.

What is the market cap of Custom Truck One Source (CTOS)?

The market cap of Custom Truck One Source (CTOS) is approximately 1.3B.

What does Custom Truck One Source, Inc. specialize in?

Custom Truck One Source, Inc. specializes in providing specialized truck and heavy equipment solutions, including sales, rentals, aftermarket parts and service, equipment customization, remanufacturing, financing solutions, and asset disposal.

Which industries does Custom Truck One Source serve?

CTOS serves various industries such as electric utility transmission and distribution, forestry, telecom, waste management, rail, and infrastructure.

What are the main business segments of CTOS?

The main business segments of CTOS are Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS).

Where is the majority of CTOS's revenue generated?

The majority of CTOS's revenue is generated in the United States.

What is the largest revenue segment for CTOS?

The Truck and Equipment Sales (TES) segment is the largest revenue contributor for CTOS.

What recent achievements has CTOS accomplished?

Recent achievements of CTOS include expanding its equipment fleet, enhancing service offerings, and forming strategic partnerships.

Where is Custom Truck One Source headquartered?

Custom Truck One Source is headquartered in the United States.

How does CTOS ensure superior customer service?

CTOS ensures superior customer service through its comprehensive solutions, vast equipment inventory, and an integrated network of locations across North America.

What financing solutions does CTOS offer?

CTOS offers various financing solutions to meet the unique needs of its customers, including both short-term rentals and long-term purchasing options.

How can I get the latest updates about CTOS?

For the latest updates and developments, visit our news section which contains the most recent information about the company's performance, events, and ongoing projects.

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Custom Truck One Source, Inc.

NYSE:CTOS

CTOS Rankings

#2351 Ranked by Market Cap
N/A Ranked by Dividends

CTOS Stock Data

1.31B
50.04M
4.89%
95.66%
1.97%
Rental & Leasing Services
Services-equipment Rental & Leasing, Nec
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United States of America
KANSAS CITY