earnings
confidence high
sentiment positive
materiality 0.75
Custom Truck One Source Q2 revenue $511.5M (+20.9% YoY), Adj EBITDA $93.4M (+16.7%), reaffirms FY guidance
Custom Truck One Source, Inc.
2025-Q2 EPS reported
-$0.20
revenue$933,715,000
- Total revenue $511.5M (+20.9% YoY); net loss $28.4M vs $24.5M loss in prior year.
- Adjusted EBITDA $93.4M (+16.7% YoY); Adjusted Gross Profit $156.5M (+17.0%).
- ERS fleet utilization improved to 77.6% (vs 71.7%); average OEC on rent up 16% to $1.21B.
- TES signed orders up ~30% YoY; sales backlog $334.8M (down from $478.2M YoY but within normal range).
- Reaffirms FY2025 guidance: revenue $1.97-2.06B, Adj EBITDA $370-390M; targets >$50M levered FCF.
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