secwatch.observer — SEC 8-K summary
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Issuer:     Custom Truck One Source, Inc. (CTOS)
CIK:        0001709682
Form:       8-K
Filed at:   2025-10-27T23:59:59+00:00
Accession:  0001709682-25-000038
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTOS Q3 revenue up 8% to $482M, Adj. EBITDA rises 20% to $96M; reaffirms FY guidance
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- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709682/000170968225000038/0001709682-25-000038-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709682/000170968225000038/ctos-20251027.htm
  HTML page:      https://secwatch.observer/filing/0001709682-25-000038

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