CTOS Q3 2022: Revenue $357.8M, gross profit +35.1%, net loss narrows to $2.4M

Custom Truck One Source, Inc.

2022-Q3 EPS reported $0.03 revenue$1,086,362,000

Total revenue $357.8M, flat YoY; gross profit $88.2M, up 35.1% from $65.3M in Q3 2021.
Net loss narrowed to $2.4M from $20.5M; Adjusted EBITDA $91.6M, up from $84.4M.
Equipment Rental Solutions rental revenue +6.5%; fleet utilization 83.8% vs 81.4%.
Sales order backlog $709.2M, over 100% increase YoY despite supply chain constraints.
Updated FY2022 guidance: revenue $1,505-1,585M, Adj EBITDA $385-395M.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Custom Truck One Source, Inc. reported the quarter ended September 30, 2022 results: revenue $357.8 million, net income $2.4 million.

Period: the quarter ended September 30, 2022
Revenue: $357.8 million
Net income: $2.4 million
Result: reported results

Exact text from the filing

and rentals of parts, tools and other supplies to our customers, as well as our aftermarket repair service operations. CTOS Third Quarter Highlights • Total quarterly revenue of $357.8 million, with growth in rental revenue of 5.4% compared to third quarter 2021 from continued strong rental demand • Quarterly gross profit improvement of $22.9 million, or 35.1%, to

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Source: SEC EDGAR

accession 0001709682-22-000095

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