---
schema_version: "secwatch.filing_event.v1"
accession: "0001709682-23-000047"
form_type: "8-K"
ticker: "CTOS"
cik: "0001709682"
company_name: "Custom Truck One Source, Inc."
filed_at: "2023-08-08T23:59:59+00:00"
generated_at: "2026-06-12T02:18:59.564395+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

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

## Summary
- 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.

## SEC filing metadata
- accession: 0001709682-23-000047
- form_type: 8-K
- ticker: CTOS
- cik: 0001709682
- company_name: Custom Truck One Source, Inc.
- filed_at: 2023-08-08T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1709682/000170968223000047/0001709682-23-000047-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1709682/000170968223000047/ctos-20230808.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001709682-23-000047
- JSON: https://secwatch.observer/filing/0001709682-23-000047.json
- Plain text: https://secwatch.observer/filing/0001709682-23-000047.txt

## Key facts
- Earnings Releases
  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
  source text: 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
  evidence_url: https://www.sec.gov/Archives/edgar/data/1709682/000170968223000047/0001709682-23-000047-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.