CTOS Q2 revenue up 26% to $457M; FY2023 guidance raised

Custom Truck One Source, Inc.

2023-Q2 EPS reported $0.10 revenue$908,993,000

Revenue $456.8M (+26.2% YoY); Adj. EBITDA $103.2M (+20.8% YoY).
Net income $11.6M (-14.8% YoY) on higher interest expense and warrant valuation changes.
FY2023 guidance raised: revenue $1,725M-$1,830M; Adj. EBITDA $425M-$445M.
Net leverage ratio reduced to 3.3x from 3.4x QoQ; $254.5M revolver availability.
Appointed Paul Jolas as EVP, General Counsel, replacing Adam Haubenreich.

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 three and six months ended June 30, 2023 results: revenue $456.8 million, net income $11.6 million. Guidance raised.

Period: three and six months ended June 30, 2023
Revenue: $456.8 million
Net income: $11.6 million
Guidance: raised
Result: reported results

Exact text from the filing

other infrastructure-related end markets, today reported financial results for its three and six months ended June 30, 2023. CTOS Second-Quarter Highlights • Total revenue of $456.8 million, an increase of $94.7 million or 26.2%, compared to the second quarter of 2022 as a result of continued strong demand across our end markets • Gross profit of $110.6 million, an

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Source: SEC EDGAR

accession 0001709682-23-000047

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