earnings
confidence high
sentiment negative
materiality 0.75
CTOS Q3 net loss $17.4M; cuts full-year revenue and EBITDA guidance
Custom Truck One Source, Inc.
2024-Q3 EPS reported
-$0.24
revenue$1,281,540,000
- Total revenue $447.2M, up 5.7% sequentially; net loss $17.4M vs loss $24.5M prior quarter.
- Adjusted EBITDA $80.2M, flat sequentially but down 19.9% YoY from $100.2M.
- ERS segment revenue down 8.4% YoY to $150.9M; TES revenue up 12.6% YoY to $259.9M.
- Full-year revenue guidance cut to $1.80-1.89B; Adjusted EBITDA guidance lowered to $340-350M.
- ABL facility upsized to $950M with maturity extended to 2029; OEC on rent up $200M since Q2.