secwatch.observer — SEC 8-K summary
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Issuer:     Custom Truck One Source, Inc. (CTOS)
CIK:        0001709682
Form:       8-K
Filed at:   2026-03-10T23:59:59+00:00
Accession:  0001709682-26-000006
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 7.01, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

CTOS reports record Q4 revenue $528M, full-year Adj EBITDA $384M, issues strong FY2026 guidance
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- Q4 revenue $528.2M (record), up 1.4% YoY; full-year revenue $1,944M, up 7.9%.
- Q4 net income $20.9M; full-year net loss $31.1M; Adjusted EBITDA Q4 $120.7M (+18.4%), full-year $383.6M (+12.9%).
- Fleet utilization 83.6% (highest in ~3 years); total OEC $1.64B record; inventory down >$100M in Q4.
- FY2026 guidance: revenue $2,005-2,120M (3-9% growth), Adj EBITDA $410-435M (7-13% growth).
- Net leverage 4.3x; targeting below 4x by end-2026, below 3x in 2027; new 2-segment reporting from Q1 2026.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1709682/000170968226000006/0001709682-26-000006-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1709682/000170968226000006/ctos-20260310.htm
  HTML page:      https://secwatch.observer/filing/0001709682-26-000006

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