earnings
confidence high
sentiment neutral
materiality 0.70
CTOS Q4 revenue $520.7M (+16.4% seq), full-year net loss $28.7M; guides 2025 revenue $1.97-2.06B
Custom Truck One Source, Inc.
- Q4 total revenue $520.7M (up 16.4% seq, flat YoY); Q4 net income $27.6M vs Q3 net loss $17.4M.
- Full-year 2024 revenue $1,802.3M (down 3.4% YoY); net loss $28.7M vs net income $50.7M in 2023.
- Adjusted EBITDA Q4 $102.0M (up 27.2% seq, down 13.8% YoY); full-year $339.7M (down 20.4%).
- 2025 guidance: revenue $1.97-2.06B, Adj EBITDA $370-390M, target levered FCF $50-100M and net leverage below 4x.
- Sale-leaseback of 8 properties for net cash $52.5M; gain $23.5M recorded in Q4.