secwatch.observer — SEC 8-K summary
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Issuer:     Custom Truck One Source, Inc. (CTOS)
CIK:        0001709682
Form:       8-K
Filed at:   2022-08-09T23:59:59+00:00
Accession:  0001709682-22-000079
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTOS Q2 net income $13.6M, Adj EBITDA $85.4M; raises FY guidance; appoints CFO, $30M buyback
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- Q2 revenue $362.1M (down 3.5% YoY); rental revenue up 13.7% to $112.1M; gross profit $82.8M (+77.3% YoY).
- Net income $13.6M vs net loss $129.4M in Q2 2021; first positive net income since the merger.
- FY 2022 guidance: revenue $1.54-1.65B, Adj EBITDA $385-400M; ERS and APS segment guidance reaffirmed.
- Christopher J. Eperjesy appointed CFO effective Aug 15, 2022; Todd Barrett to continue as CAO.
- Board authorized $30M stock repurchase program; sales order backlog $663.6M (+198% YoY).

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709682/000170968222000079/0001709682-22-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709682/000170968222000079/ctos-20220809.htm
  HTML page:      https://secwatch.observer/filing/0001709682-22-000079

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