secwatch.observer — SEC 8-K summary
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Issuer:     Custom Truck One Source, Inc. (CTOS)
CIK:        0001709682
Form:       8-K
Filed at:   2023-08-08T23:59:59+00:00
Accession:  0001709682-23-000047
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709682/000170968223000047/0001709682-23-000047-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709682/000170968223000047/ctos-20230808.htm
  HTML page:      https://secwatch.observer/filing/0001709682-23-000047

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