Custom Truck Q1 rev $452M (+23% YoY); net income $13.8M vs loss; raises FY23 guidance

Custom Truck One Source, Inc.

2023-Q1 EPS reported $0.06 revenue$452,163,000

Total revenue $452.2M, up 23.4% YoY; rental revenue +8.4%, equipment sales +32.6%.
Net income $13.8M vs net loss $3.3M in Q1 2022; Adjusted EBITDA $105.2M, +15% YoY.
Full-year 2023 guidance raised: revenue $1,635M-$1,755M, Adj. EBITDA $420M-$440M.
Sales order backlog $855M, +13.4% from Dec 2022; net leverage ratio improved to 3.4x.
ERS segment gross profit $66.3M (+25.2% YoY); TES gross profit $34.1M (+43.4% YoY).

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. updated its first quarter ended March 31, 2023 guidance (raised).

Period: first quarter ended March 31, 2023
Guidance: raised
Result: reported results

Exact text from the filing

On May 9, 2023, Custom Truck One Source, Inc. (the "Company") issued a press release announcing its financial results for the quarter ended March 31, 2023.

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Custom Truck One Source, Inc. filing history →

Source: SEC EDGAR

accession 0001709682-23-000042

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