secwatch.observer — SEC 8-K summary
======================================

Issuer:     Custom Truck One Source, Inc. (CTOS)
CIK:        0001709682
Form:       8-K
Filed at:   2022-11-08T23:59:59+00:00
Accession:  0001709682-22-000095
Event type: earnings
Sentiment:  positive
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709682/000170968222000095/0001709682-22-000095-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709682/000170968222000095/ctos-20221108.htm
  HTML page:      https://secwatch.observer/filing/0001709682-22-000095

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