{"schema_version":"secwatch.filing_event.v1","accession":"0001709682-24-000036","form_type":"8-K","ticker":"CTOS","cik":"0001709682","company_name":"Custom Truck One Source, Inc.","filed_at":"2024-05-02T23:59:59+00:00","discovered_at":"2026-05-14T18:03:19.689375+00:00","generated_at":"2026-06-03T00:40:56.773937+00:00","sec_items":["2.02","7.01","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Custom Truck One Source Q1 net loss $14.3M, revenue down 9%, cuts FY 2024 guidance","bullets":["Q1 revenue $411.3M (-9% YoY); net loss $14.3M vs net income $13.8M in Q1 2023.","Adjusted EBITDA $77.4M, down 26.4% vs Q1 2023 record $105.2M.","ERS rental revenue $103.3M (-9.2%); fleet utilization 73.3% (down from 83.6%).","TES revenue up 14.7% to $239.9M; sales backlog $537.3M (-37.2% YoY).","FY 2024 guidance lowered: revenue $1.95-2.13B, Adj. EBITDA $400-440M, net leverage target <3.5x."],"urls":{"canonical":"https://secwatch.observer/filing/0001709682-24-000036","json":"https://secwatch.observer/filing/0001709682-24-000036.json","markdown":"https://secwatch.observer/filing/0001709682-24-000036.md","text":"https://secwatch.observer/filing/0001709682-24-000036.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/1709682/000170968224000036/0001709682-24-000036-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/1709682/000170968224000036/ctos-20240502.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T00:40:56.773937+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"8c680e2d5c4db59f14f6798cae3ef9cbb3b7a17c","claim":"Custom Truck One Source, Inc. reported three months ended March 31, 2024 results: revenue $411.3 million, net income Net loss of $14.3 million.","evidence_excerpt":"and other infrastructure-related end markets, today reported financial results for its three months ended March 31, 2024. CTOS First-Quarter Highlights • Total revenue of $411.3 million, a decrease of $40.9 million, or 9.0%, compared to $452.2 million for the first quarter of 2023 primarily due to fewer rental asset sales and lower rental demand from the utility","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/1709682/000170968224000036/0001709682-24-000036-index.htm","confidence":0.7,"family_label":"Earnings Releases","details":[{"label":"Period","value":"three months ended March 31, 2024"},{"label":"Revenue","value":"$411.3 million"},{"label":"Net income","value":"Net loss of $14.3 million"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}