secwatch.observer — SEC 8-K summary
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Issuer:     Custom Truck One Source, Inc. (CTOS)
CIK:        0001709682
Form:       8-K
Filed at:   2023-11-07T23:59:59+00:00
Accession:  0001709682-23-000057
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709682/000170968223000057/0001709682-23-000057-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709682/000170968223000057/ctos-20231107.htm
  HTML page:      https://secwatch.observer/filing/0001709682-23-000057

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