earnings
confidence high
sentiment positive
materiality 0.75
CTOS Q3 revenue up 8% to $482M, Adj. EBITDA rises 20% to $96M; reaffirms FY guidance
Custom Truck One Source, Inc.
2025-Q3 EPS reported
-$0.23
revenue$1,415,773,000
- Total revenue $482.1M (+7.8% YoY); net loss narrowed to $5.8M from $17.4M.
- Adjusted EBITDA $96.0M, up 19.6% YoY; reaffirms 2025 guidance: revenue $1.97B–$2.06B, Adj. EBITDA $370M–$390M.
- ERS rental revenue up 17.7%; avg OEC on rent +16.6% to $1.26B; fleet utilization 79.3% (highest in 2+ years).
- TES revenue up 6% but backlog down 29% to $279.8M; expects lower end of TES guidance range.
- Plans $50M net rental fleet investment; target inventory reduction of $125M-$150M by year-end.