secwatch.observer — SEC 8-K summary
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Issuer:     Custom Truck One Source, Inc. (CTOS)
CIK:        0001709682
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001709682-24-000072
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTOS Q3 net loss $17.4M; cuts full-year revenue and EBITDA guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709682/000170968224000072/0001709682-24-000072-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709682/000170968224000072/ctos-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001709682-24-000072

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