Custom Truck Q3 revenue $434M (+21%), net income $9.2M vs -$2.4M; raises FY revenue guidance

Custom Truck One Source, Inc.

2023-Q3 EPS reported $0.14 revenue$1,343,346,000

Revenue $434.4M vs $357.8M (+21.4%); net income $9.2M vs loss of $2.4M.
Adjusted EBITDA $100.2M vs $91.6M (+9.3%); net leverage ratio 3.3x.
TES segment revenue up 34% YoY; fleet utilization 78.9% (80.5% at quarter end).
Full-year revenue guidance raised to $1,765M-$1,870M; Adjusted EBITDA reaffirmed $425M-$445M.
Repurchased $15.8M of common stock during Q3; leverage target delay to '24.

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 months ended September 30, 2023 results: revenue $434.4 million, net income $9.2 million. Guidance raised.

Period: three months ended September 30, 2023
Revenue: $434.4 million
Net income: $9.2 million
Guidance: raised
Result: reported results

Exact text from the filing

Total revenue of $434.4 million, an increase of $76.6 million, or 21.4%, compared to $357.8 million for the third quarter of 2022 as a result of continued strong demand across our end markets • Gross profit of $107.2 million, an improvement of $19.0 million, or 21.5%, compared to $88.2 million for the third quarter of 2022 • Adjusted Gross Profit of $149.6 million, an increase of $18.8 million, or 14.4%, compared to $130.8 million for the third quarter of 2022 • Net income of $9.2 million, an increase of $11.6 million, compared to net loss of $2.4 million, in the third quarter of 2022

View on SEC.gov

Browse all earnings releases →

Custom Truck One Source, Inc. filing history →

Source: SEC EDGAR

accession 0001709682-23-000057

view filing index on sec.gov

view primary document

Machine-readable: JSON · Markdown · Plain text

This headline and bullets were generated automatically by deepseek-v4-flash:cloud@v2 from the public filing. Read the source on SEC.gov before relying on any specific claim. Not investment advice. See methodology for how this pipeline works.