secwatch.observer — SEC 8-K summary
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Issuer:     Custom Truck One Source, Inc. (CTOS)
CIK:        0001709682
Form:       8-K
Filed at:   2022-05-10T23:59:59+00:00
Accession:  0001709682-22-000062
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTOS Q1 revenue $366.5M, Adj. EBITDA $91.5M; maintains full-year outlook
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- Total revenue $366.5M; gross profit $84.5M (+8.5% vs Q4 2021).
- Net loss of $3.3M, improved from $3.7M in Q4 2021.
- Adjusted EBITDA $91.5M vs $95.6M Q4 2021; pro forma Adj. EBITDA up 25.5% YoY.
- Sales order backlog grew 42.4% to $586.4M; closed HiRail acquisition for ~$51.6M.
- Pro forma rental revenue up 8.9% YoY; fleet utilization 82.5%.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709682/000170968222000062/0001709682-22-000062-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709682/000170968222000062/nsco-20220510.htm
  HTML page:      https://secwatch.observer/filing/0001709682-22-000062

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer