Custom Truck One Source, Inc. Reports Third Quarter 2024 Results and Updates Full-Year Guidance
Custom Truck One Source, Inc. (CTOS)
Company Research
Source: Business Wire
KANSAS CITY, Mo.--(BUSINESS WIRE)--Custom Truck One Source, Inc. (NYSE: CTOS), a leading provider of specialty equipment to the electric utility, telecom, rail, forestry, waste management and other infrastructure-related end markets, today reported financial results for the three and nine months ended September 30, 2024.CTOS Third-Quarter HighlightsTotal revenue of $447.2 million, an increase of $24.2 million, or 5.7%, compared to the second quarter of 2024Gross profit of $91.8 million, an increase of $2.6 million, or 2.9%, compared to the second quarter of 2024Adjusted Gross Profit of $137.8 million, an increase of $3.9 million, or 2.9%, compared to the second quarter of 2024Net loss of $17.4 million, a decrease of $7.1 million, or 28.9%, compared to the second quarter of 2024Adjusted EBITDA of $80.2 million, a 0.2% increase compared to the second quarter of 2024Increased Average OEC on rent by $38.0 million, or 3.6% compared to the second quarter of 2024Upsized ABL revolving cre
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CTOS
News
- Custom Truck One Source to Participate in the BofA Securities 2024 Leveraged Finance ConferenceBusiness Wire
- Three Reasons Why CTOS is Risky and One Stock to Buy Instead [Yahoo! Finance]Yahoo! Finance
- Reflecting On Specialty Equipment Distributors Stocks' Q3 Earnings: Custom Truck One Source (NYSE:CTOS) [Yahoo! Finance]Yahoo! Finance
- Custom Truck One Source, Inc. (NYSE: CTOS) had its price target lowered by analysts at Oppenheimer Holdings Inc. from $6.00 to $5.00. They now have an "outperform" rating on the stock.MarketBeat
- Custom Truck One Source Third Quarter 2024 Earnings: EPS Misses Expectations [Yahoo! Finance]Yahoo! Finance
CTOS
Earnings
- 10/30/24 - Miss
CTOS
Sec Filings
- 10/30/24 - Form 10-Q
- 10/30/24 - Form 8-K
- 9/9/24 - Form 4
- CTOS's page on the SEC website