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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.

Introduction

Custom Truck One Source Inc (CTOS) is a comprehensive, one-stop solution provider for specialized truck and heavy equipment needs across North America. With an integrated portfolio that spans equipment sales, rentals, and aftermarket services, CTOS caters to a wide range of industries including electric utility transmission and distribution, forestry, telecom, waste management, rail, and infrastructure. Utilizing industry-specific keywords such as 'specialized truck solutions', 'heavy equipment customization', and 'integrated service network', the company has established a niche in delivering prompt, efficient, and tailored equipment solutions.

Business Model & Core Services

CTOS operates through a multi-faceted business model that is segmented into Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS). The company generates revenue primarily from its TES segment, which underpins its reputation as a streamlined provider of high-quality equipment. By uniting services such as sales, equipment customization, remanufacturing, and financing solutions under one roof, CTOS simplifies the supply chain for its clients and ensures consistent quality and reliability across all offerings.

Market Position & Industry Context

Positioned within a competitive market, Custom Truck One Source Inc has established itself as a vital solution provider within the specialized equipment sector. Its integrated service network across North America allows the company to benefit from economies of scale while offering localized, expert support. The convergence of sales, rental, and aftermarket services positions CTOS as a critical player in mitigating operational downtime and enhancing asset lifecycle management for its customers within various heavy equipment end-markets. This comprehensive approach is particularly significant in industries that demand high reliability and operational efficiency.

Service Offerings & Operational Excellence

The company’s portfolio is extensive and engineered to serve a diverse client base. Key service areas include:

  • Equipment Rental Solutions (ERS): Offers flexible rental options, enabling clients to access specialized equipment as needed without the commitment of ownership, ideal for projects with dynamic requirements.
  • Truck and Equipment Sales (TES): Delivers a broad range of new and pre-owned trucks and heavy equipment, customized to meet specific industry needs. This segment is central to the company's revenue, reflecting its expertise and market presence.
  • Aftermarket Parts and Services (APS): Enhances equipment longevity through maintenance, repair, and aftermarket support, ensuring that assets remain operational and efficient throughout their lifecycle.

By providing an expansive suite of services under one umbrella, CTOS offers unmatched efficiency and streamlined operations that are essential for modern industries facing complex logistical and operational challenges.

Industry Expertise & Network Integration

CTOS leverages a vast integrated network of locations across North America which enables rapid response times and localized service delivery. The company's multidisciplinary approach is underpinned by a team of experts who bring deep industry knowledge and technical proficiency to their roles. This network not only facilitates smooth operations but also enhances the company’s ability to customize solutions to the unique requirements of each market segment. The firm's experience in remanufacturing and asset disposal furthers its capacity to deliver cost-effective, sustainable equipment solutions that meet stringent safety and efficiency standards.

Competitive Advantages & Value Proposition

Several key factors differentiate CTOS in a crowded market:

  • Integrated Service Model: Combining sales, rentals, and aftermarket services under one operational framework minimizes downtime for customers and simplifies procurement processes.
  • Specialized Equipment Expertise: The firm’s focus on specialized equipment for niche markets, including electric utility and telecom, ensures that its solutions are tailored to the real-world challenges faced by its clients.
  • Nationwide Network: A highly interconnected service network facilitates consistent quality and fast response times, a crucial factor in maintaining operational continuity in heavy-duty industries.
  • Customized Financial Solutions: Offering financing and asset disposal services helps create a full lifecycle approach to equipment management, enabling customers to optimize their capital expenditure over time.

Understanding CTOS in the Competitive Landscape

The company’s ability to integrate multiple service offerings makes CTOS a unique entity in the heavy equipment and truck solutions market. Its strategic focus on operational efficiency and high-quality service delivery allows it to meet the evolving demands of various specialized sectors. By addressing challenges like equipment downtime, customization needs, and maintenance accessibility, CTOS remains relevant in industries where precision and reliability are paramount. The firm's comprehensive service model not only meets the current market demands but also serves as a benchmark for integrated equipment solutions across North America.

Conclusion

Custom Truck One Source Inc exemplifies a sophisticated, integrated approach to heavy equipment and truck service solutions. Its structured service offerings, expert personnel, and nationwide network underpin its ability to deliver comprehensive, customized solutions to a varied clientele. For stakeholders and market observers, CTOS represents a case study in the effective consolidation of disparate service areas into a cohesive, efficient, and customer-centric operational model. This detailed, multi-layered approach is what sets the company apart in the specialized equipment and heavy-duty vehicle market, marking it as an enduring and significant participant in North America’s industrial landscape.

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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.

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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.

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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.

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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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Custom Truck One Source (NYSE: CTOS) has announced that its President, Ryan McMonagle, and CFO, Brad Meader, will present at the Citi 2022 Global Industrial Tech and Mobility Conference on February 22, 2022, at 4:20 p.m. ET. The event will be accessible via a live webcast on the company's Investor Relations website, with a replay available for 30 days post-conference. Custom Truck is a top provider of specialized truck and heavy equipment solutions across North America, catering to various markets including utility and telecommunications.

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Custom Truck One Source (NYSE: CTOS) has successfully acquired the HiRail Leasing Group for $46.0 million, enhancing its service offerings in Canada. HiRail, a key player in rail equipment rental with over 600 units, extends Custom Truck's reach into Ontario and Alberta. This acquisition aligns with Custom Truck's strategy to bolster its core rental business and deliver comprehensive equipment solutions to its customers. The deal was financed through available cash and existing credit facilities, indicating a solid financial backing for growth.

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Custom Truck One Source (NYSE: CTOS) will present at the CJS Securities 22nd Annual New Ideas for the New Year Conference on January 12, 2022, starting at 8:00 a.m. Eastern Time. The presentation will feature CEO Fred Ross, President Ryan McMonagle, and CFO Brad Meader. Interested investors can watch a live webcast on the company's Investor Relations website, where a replay will be available for 30 days post-conference. Custom Truck provides specialized truck and heavy equipment solutions throughout North America.

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Custom Truck One Source (CTOS) has priced a secondary offering of 12,322,975 shares of common stock at $8.50 per share, set to close on November 22, 2021. This offering is conducted by selling stockholders affiliated with The Blackstone Group, and CTOS will not receive any proceeds. The underwriters have a 30-day option to purchase an additional 1,848,446 shares. Citigroup is the lead book-running manager. The offering is made under an effective shelf registration statement, with no shares being offered by the Company itself.

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Custom Truck One Source (NYSE: CTOS) announced a secondary offering of 12,322,975 shares of common stock by selling stockholders affiliated with Blackstone. An additional 1,848,446 shares may be purchased by underwriters within a 30-day option. The company will not receive any proceeds from this sale, which is managed by Citigroup and other institutions. This offering follows regulatory guidelines and will be made by means of a prospectus. The offering does not entail any new shares from the company itself.

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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 $3.75 as of April 9, 2025.

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

The market cap of Custom Truck One Source (CTOS) is approximately 760.4M.

What core services does Custom Truck One Source Inc offer?

The company provides a comprehensive range of services including equipment rental, truck and equipment sales, and aftermarket parts and services. Its one-stop-shop model integrates customization, remanufacturing, financing solutions, and asset disposal.

In which industries does CTOS primarily operate?

CTOS serves diverse end-markets such as electric utility transmission and distribution, forestry, telecom, waste management, rail, and infrastructure. This diversified approach supports a wide array of heavy equipment needs.

How does CTOS differentiate itself in the competitive heavy equipment market?

The company's integrated service model, nationwide network, and specialized expertise in both sales and rentals give it a competitive edge. Their ability to offer customized and streamlined equipment solutions also distinguishes them from competitors.

What is the significance of the Truck and Equipment Sales (TES) segment for CTOS?

The TES segment is a primary revenue contributor, emphasizing the company’s focus on providing high-quality, specialized trucks and equipment. This segment underscores their market position and technical expertise in heavy equipment sales.

How does CTOS support maintenance and operational efficiency for its clients?

Through its Aftermarket Parts and Services (APS) division, CTOS ensures that clients have access to necessary maintenance, repair, and support services. This comprehensive service minimizes downtime and extends the life cycle of critical assets.

What role does equipment customization play in CTOS's offerings?

Customization is a key part of CTOS's value proposition, allowing them to tailor equipment to the specific requirements of various industrial applications. This ability to adapt solutions enhances operational efficiency and meets unique customer needs.

How extensive is CTOS's operational network across North America?

CTOS leverages an integrated network of locations throughout North America to deliver prompt, localized service. This expansive network supports efficient logistics and high-quality customer service in all their operating regions.

What financial support services are available through CTOS?

The company offers financing solutions as part of its integrated suite of services. These financial tools help customers manage capital expenditures effectively, aligning with the overall strategy of a full lifecycle approach to equipment management.
Custom Truck One Source Inc

NYSE:CTOS

CTOS Rankings

CTOS Stock Data

760.44M
56.97M
5.06%
97.2%
2.11%
Rental & Leasing Services
Services-equipment Rental & Leasing, Nec
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United States
KANSAS CITY