secwatch.observer — SEC 8-K summary
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Issuer:     Custom Truck One Source, Inc. (CTOS)
CIK:        0001709682
Form:       8-K
Filed at:   2025-03-04T23:59:59+00:00
Accession:  0001709682-25-000004
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTOS Q4 revenue $520.7M (+16.4% seq), full-year net loss $28.7M; guides 2025 revenue $1.97-2.06B
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709682/000170968225000004/0001709682-25-000004-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709682/000170968225000004/ctos-20250304.htm
  HTML page:      https://secwatch.observer/filing/0001709682-25-000004

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