Custom Truck One Source reports pro forma net loss of $87.9M on $1.13B revenue for nine months ending Sep 2021

Custom Truck One Source, Inc.

Pro forma net loss $87.9M ($0.36 diluted EPS loss); combined revenue $1.127B.
Acquisition of Custom Truck LP closed April 1, 2021; total consideration includes $920M in 5.5% senior secured notes due 2029 and $750M ABL facility.
Issued 148.6M shares to Platinum for $743M and 28M shares to PIPE investors for $140M.
Pro forma operating income $9.2M; revenue breakdown: rental $307.9M, equipment sales $728.8M, parts/services $90.5M.
Transaction and other expenses of $7.7M after adjustment; interest expense net $59.7M.

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