---
schema_version: "secwatch.filing_event.v1"
accession: "0001709682-24-000052"
form_type: "8-K"
ticker: "CTOS"
cik: "0001709682"
company_name: "Custom Truck One Source, Inc."
filed_at: "2024-08-01T23:59:59+00:00"
generated_at: "2026-05-31T13:52:53.556145+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Custom Truck Q2 revenue down 7.4% to $423M; net loss $24.5M; lowers FY guidance

## Summary
- Net loss $24.5M vs income $11.6M YoY; Adjusted EBITDA $80.1M, down 22.4%.
- Revenue $423.0M, down 7.4% YoY; rental revenue fell 15.7%; fleet utilization dropped to 71.7% from 81.7%.
- FY 2024 guidance lowered: revenue $1.80B-$1.98B, Adj EBITDA $340M-$375M, down from prior target of >$100M levered FCF.
- Net leverage ratio 4.11x; availability under credit facility $159.5M; repurchased $16.7M of stock in Q2.
- ERS segment revenue $138.4M (-17.9% YoY); TES revenue $247.9M (-1.4% YoY); APS flat at $36.7M.

## SEC filing metadata
- accession: 0001709682-24-000052
- form_type: 8-K
- ticker: CTOS
- cik: 0001709682
- company_name: Custom Truck One Source, Inc.
- filed_at: 2024-08-01T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 7.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1709682/000170968224000052/0001709682-24-000052-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1709682/000170968224000052/ctos-20240801.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001709682-24-000052
- JSON: https://secwatch.observer/filing/0001709682-24-000052.json
- Plain text: https://secwatch.observer/filing/0001709682-24-000052.txt

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