secwatch.observer — SEC 8-K summary
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Issuer:     Custom Truck One Source, Inc. (CTOS)
CIK:        0001709682
Form:       8-K
Filed at:   2023-03-14T23:59:59+00:00
Accession:  0001709682-23-000007
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTOS reports record Q4 revenue $486.7M, net income $30.9M, CEO transition to McMonagle
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- Q4 revenue $486.7M (+36.6% YoY); full-year revenue $1,573.1M (+34.8%).
- Q4 net income $30.9M vs loss $3.7M in Q4 2021; net leverage reduced to 3.5x.
- Q4 Adj. EBITDA $124.5M (27.7% margin); full-year Adj. EBITDA $392.98M.
- CEO Fred Ross retiring; Ryan McMonagle becomes CEO effective March 20, 2023.
- FY2023 guidance: revenue $1.61-1.73B, Adj. EBITDA $415-435M.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709682/000170968223000007/0001709682-23-000007-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709682/000170968223000007/ctos-20230314.htm
  HTML page:      https://secwatch.observer/filing/0001709682-23-000007

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