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CTOS-News
CTOS-Events
CTOS Reports Q2 Revenue of $563.4M, Beating Expectations
Reports Q2 revenue $563.4M, consensus $509.73M. "In the second quarter, we delivered record quarterly revenue and substantial year-over-year growth in revenue and Adjusted EBITDA of 10% and 25%, respectively. Sustained strength in our core T&D markets remains the primary driver of performance within our SER segment and for the Company as a whole. Our rental fleet achieved average utilization of 81.6% for the quarter, up 400 basis points from a year ago, and we ended the quarter with total OEC of $1.68 billion, the highest quarter-end level in our history, positioning us for continued SER growth through the balance of 2026," said Ryan McMonagle, Chief Executive Officer of CTOS. "STEM also had a record quarter, with external customer revenue of $345 million and equipment sales of $332 million. The strength across both segments allowed us to continue making substantial progress in reducing our net leverage. We are optimistic about the second half of 2026, as CTOS remains well-positioned to benefit from secular tailwinds in data center investment, electrification, utility grid upgrades and infrastructure spending. We remain focused on Adjusted EBITDA growth, working capital management, free cash flow generation and continued deleveraging," McMonagle added.
Raises FY26 Adjusted EBITDA View to $437.5M-$455M
Previous view $2.004B-$2.12B. Raises FY26 adjusted EBITDA view to $437.5M-$455M from $415M-$440M.
Custom Truck Awarded Cooperative Purchasing Contract Through Sourcewell
Custom Truck One Source announced that it has been awarded a cooperative purchasing contract through Sourcewell. "Being selected by Sourcewell is an exciting milestone for our organization and reinforces the trust customers place in Custom Truck. We look forward to expanding our partnerships with local, state, and federal agencies across North America through a streamlined cooperative purchasing process backed by our nationwide capabilities," said Ryan McMonagle, Chief Executive Officer of Custom Truck.
CTOS Reports Q1 Revenue of $461.6M, Beating Expectations
Reports Q1 revenue $461.6M, consensus $451.28M. "In the first quarter, we achieved record first-quarter revenue and delivered substantial year-over-year growth in revenue and Adjusted EBITDA of 9% and 33%, respectively. The sustained performance in our core T&D markets continues to be the primary driver of performance within our SER segment and for the Company as a whole. For the quarter, our rental fleet achieved average utilization of 81.4%, up 370 basis points versus the first quarter of last year. We ended the quarter with total OEC of $1.66 billion, the highest in our history, which should support our expected growth within SER in 2026," said Ryan McMonagle, Chief Executive Officer of CTOS. "Our STEM segment also had a strong quarter, delivering revenue of $268 million, which excludes $95 million of sales to our SER segment. Our strong performance in the quarter allowed us to make substantial progress in reducing our net leverage, down almost 30 basis points versus the end of the previous quarter. We continue to be optimistic about the remainder of 2026, as CTOS remains well-positioned to benefit from secular tailwinds driven by data center investments, electrification, utility grid upgrades and infrastructure investment. For 2026, we remain focused on Adjusted EBITDA growth, working capital management, free cash flow generation and continued deleveraging," McMonagle added.
Raises FY26 Adjusted EBITDA Outlook to $415M-$440M
Raises FY26 adjusted EBITDA view to $415M-$440M from $410M-$435M.
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