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Custom Truck One Source Inc (CTOS) provides integrated specialized truck and heavy equipment solutions across North America. This page serves as the definitive source for official company announcements, financial updates, and strategic developments.
Access real-time press releases covering earnings reports, equipment fleet expansions, partnership agreements, and operational milestones. Investors and industry professionals will find curated updates on CTOS's rental solutions, aftermarket services, and market positioning within key sectors like utilities and infrastructure.
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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.
Custom Truck One Source (CTOS) reported third-quarter 2021 revenue of $357.3 million, down 4.7% from the previous quarter but reflecting strong year-over-year growth. The company recorded a net loss of $20.5 million, significantly improved from a loss of $129.4 million in Q2 2021. Adjusted EBITDA rose to $84.4 million. The equipment sales order backlog increased 52% to $338.5 million. Rental revenue improved 10.6% sequentially. The company reaffirmed its full-year guidance, citing solid fundamentals in end markets despite supply chain challenges.
Custom Truck One Source (NYSE: CTOS) will present at the Baird 51st Global Industrial Conference on November 10, 2021, at 4:55 p.m. ET. CEO Fred Ross, President Ryan McMonagle, and CFO Brad Meader will represent the company. Custom Truck One Source specializes in providing heavy equipment solutions across North America, serving utility, telecommunications, rail, and infrastructure sectors through rentals, sales, and services. For more details, visit customtruck.com.
Custom Truck One Source (NYSE: CTOS) is set to release its third quarter 2021 financial results on November 9, 2021, after market close. A conference call will follow at 5:00 pm ET to discuss the results, available at investors.customtruck.com. Interested parties can join the discussion by phone or access a replay until November 16, 2021. Custom Truck One Source provides specialized truck and heavy equipment solutions across North America, focusing on various markets including utility and telecommunications.
Custom Truck One Source (NYSE: CTOS) announced that its President Ryan McMonagle and CFO Brad Meader will present at the Deutsche Bank 29th Annual Leveraged Finance Conference on October 5, 2021, at 10:00 a.m. Eastern Time. 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 specializes in providing truck and heavy equipment solutions across various markets in North America.
Custom Truck One Source, Inc. (NYSE: CTOS) announced that CEO Fred Ross, President Ryan McMonagle, and CFO Brad Meader will present at the DA Davidson 20th Annual Diversified Industrials & Services Conference on September 22, 2021, at 2:00 PM ET. The presentation will be available via live webcast on Custom Truck's Investor Relations website for 30 days following the event. Custom Truck One Source specializes in providing heavy equipment solutions across North America, serving various industries including utility and telecommunications.
Custom Truck One Source (CTOS) reported strong Q2 2021 financial results following its acquisition of Custom Truck LP. Total revenue surged to $375.1 million, up 27.4% year-over-year, with equipment sales contributing $247.7 million, a 47.6% increase. Despite a net loss of $129.4 million due to one-time charges, adjusted EBITDA rose to $70.2 million, reflecting robust demand in infrastructure markets. Cash flow from operations reached $57.2 million, while equipment sales backlog stood at $222.7 million, indicating strong future revenue potential.
Custom Truck One Source, Inc. (NYSE: CTOS) will release its second quarter 2021 earnings after the market closes on August 12, 2021. Management will discuss the results in a conference call at 5:00 pm ET on the same day, with a public webcast available. The company's offerings include specialized truck and heavy equipment solutions for various markets across North America. Investors can access financial information on the company’s investor relations website.
Custom Truck One Source (NYSE: CTOS) announced its executive team will present at the CJS Annual New Ideas Conference on July 13, 2021, at 1:35 p.m. Eastern Time. The team includes CEO Fred Ross, COO Ryan McMonagle, and CFO Brad Meader. A live webcast will be available on the company's Investor Relations website. Custom Truck One Source offers specialized truck and heavy equipment solutions across North America, serving various industries including utility and telecommunications.
Custom Truck One Source reported first-quarter revenue of $78.3 million, a 4.2% decrease from $81.7 million in Q1 2020. The Equipment Rentals and Sales segment remained steady at $62.7 million. Fleet utilization improved to 78.5%, while net loss widened to $27.9 million. Adjusted EBITDA fell 14.1% to $27.5 million. Following the acquisition of Custom Truck, the company anticipates $50 million in synergies. Cash on hand was $3.2 million, with $743.6 million in net debt. The acquisition is seen as a strategic milestone in expanding market reach.
