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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.
American Veterans Group has launched an initiative to connect veterans with employment opportunities at Custom Truck One Source (CTOS) in Kansas City. Funded through a grant to the U.S. Chamber of Commerce Foundation's Hiring Our Heroes program, this initiative aims to prepare military service members and their spouses for civilian careers. Custom Truck will engage with active-duty personnel to fill technical roles that align with their skills. AVG pledges 25% of its earnings to support veterans' employment efforts, enhancing workforce diversity and economic opportunity.
Custom Truck One Source (NYSE: CTOS) announced that President Ryan McMonagle and Interim CFO Todd Barrett will participate in a fireside chat and private investor meetings at the Stifel 2022 Cross Sector Insight Conference on June 8, 2022, starting at 4:45 p.m. EDT. A live webcast of the event will be available on the Company's Investor Relations website, with a replay accessible for 30 days post-conference. Custom Truck One Source provides specialized truck and heavy equipment solutions across North America, catering to utility and telecommunications markets, among others.
Custom Truck One Source (CTOS) reported financial results for Q1 2022, revealing total revenue of $366.5 million, primarily driven by strong demand for rental equipment. Gross profit improved by 8.5% to $84.5 million. Despite a net loss of $3.3 million, a decrease from $3.7 million in Q4 2021, the company closed the acquisition of HiRail Leasing Group for $51.6 million. Adjusted EBITDA decreased to $91.5 million. The firm maintains its full-year revenue and EBITDA outlook amid ongoing operational optimization.
Custom Truck One Source (NYSE: CTOS) announced participation in the Oppenheimer 17th Annual Industrial Growth Conference on May 4, 2022. CEO Fred Ross, President Ryan McMonagle, CFO Brad Meader, and Chief Accounting Officer Todd Barrett will engage in a fireside chat starting at 12:45 p.m. EDT. A live webcast will be available via the Company’s Investor Relations website, with a replay for 30 days post-conference. Custom Truck One Source provides specialized truck and heavy equipment solutions across North America, serving various markets.
Custom Truck One Source (NYSE: CTOS) announced the appointment of Todd Barrett as interim Chief Financial Officer, effective May 13, 2022, following the resignation of Brad Meader. Meader will assist in the transition until May 27, 2022. The company provided a preliminary revenue range for Q1 2022 of $363 million to $366 million, with a net loss range of $10 million to $8 million, and an Adjusted EBITDA range of $90 million to $93 million. The official financial results will be released on May 10, 2022.
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.
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