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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.
Custom Truck One Source (NYSE: CTOS) announced participation in the BofA Securities 2022 Leveraged Finance Conference on Tuesday, November 29, 2022. President Ryan McMonagle and CFO Chris Eperjesy will engage in a fireside chat at 2:10 p.m. ET. A live webcast will be available through the Company’s Investor Relations website, and a replay will be accessible for 30 days post-conference. Custom Truck One Source specializes in truck and heavy equipment solutions across various sectors in North America.
Custom Truck One Source (CTOS) reported its Q3 2022 results, showcasing total revenue of $357.8 million, slightly up from $357.3 million in Q3 2021. Rental revenue grew by 5.4% to $115 million, driven by strong demand across all segments. Gross profit increased 35.1% to $88.2 million, yet the company posted a net loss of $2.4 million, an improvement from a $20.5 million loss last year. Adjusted EBITDA rose to $91.6 million. Despite supply chain challenges, CTOS maintained a strong sales order backlog of $709.2 million.
Custom Truck One Source (NYSE: CTOS) announced its CFO, Chris Eperjesy, will participate in a fireside chat at the Deutsche Bank 2022 Industrials Conference on November 14, 2022, at 1:10 p.m. ET. This event allows for discussions with institutional investors, highlighting the company's leadership in specialized truck and heavy equipment solutions across North America. A live webcast will be available on the Company's Investor Relations website, with a replay accessible for 30 days post-conference.
Custom Truck One Source (NYSE: CTOS) has formed a significant partnership with UTV International to expand its offerings. This collaboration introduces six new tracked utility vehicles to Custom Truck's sales and rental fleet. The partnership enhances national coverage and service response times across 34 states. Custom Truck's Executive VP, Smiley Rich, expressed excitement over providing customers with more equipment options. UTV International is known for its innovative solutions in utilities, wildfire, and military sectors.
Custom Truck One Source (NYSE: CTOS) announced that President Ryan McMonagle and CFO Chris Eperjesy will participate in a fireside chat at the Robert W. Baird 2022 Global Industrial Conference on November 10, 2022, at 1:35 p.m. ET. Investors can access a live webcast through the Company’s Investor Relations website, with a replay available for 30 days post-conference. Custom Truck One Source provides specialized truck and heavy equipment solutions across North America, including rentals, sales, and services.
Custom Truck One Source (CTOS) will announce its third quarter 2022 financial results on November 8, 2022, after market close. The management will discuss these results during a conference call at 5:00 p.m. ET on the same day. Interested parties can access the presentation through the company's investor relations website. Custom Truck One Source specializes in providing truck and heavy equipment solutions to the utility, telecommunications, rail, and infrastructure sectors across North America.
Custom Truck One Source (CTOS) has announced its partnership with Battle Motors to expand its truck offerings, which will include the full cabover line of electric trucks. This collaboration enables Battle Motors to utilize Custom Truck's distribution channels, enhancing their market presence while providing comprehensive customer support. The partnership caters to the refuse and municipal markets, offering CARB-compliant solutions. With decades of design expertise, Battle Motors focuses on innovation in heavy-duty trucks, ensuring reliability across various applications.
Custom Truck One Source (CTOS) reported robust financial results for Q2 2022, achieving total revenue of $362.1 million, driven by a 13.7% increase in rental revenue. Gross profit surged 77.3% to $82.8 million, while net income returned to $13.6 million from a $129.4 million loss in the same quarter last year. Adjusted EBITDA rose 21.6% year-over-year to $85.4 million. The company announced a stock repurchase program of $30 million and is updating its full-year revenue guidance to $1.540-$1.650 billion. Despite ongoing supply chain issues, CTOS maintains strong customer demand across its segments.
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.
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