Custom Truck One Source Q1 2023 Earnings Report

Custom Truck One Source EPS Results

• Actual EPS: $0.06
• Consensus EPS: $0.04
• Beat/Miss: Beat by +$0.02
• One Year Ago EPS: N/A

Custom Truck One Source Revenue Results

• Actual Revenue: $452.16 million
• Expected Revenue: $393.41 million
• Beat/Miss: Beat by +$58.75 million
• YoY Revenue Growth: +23.40%

Custom Truck One Source Announcement Details

• Quarter: Q1 2023
• Date: 5/9/2023
• Time: After Market Closes

Custom Truck One Source (NYSE:CTOS) provides specialty equipment rental and sale services to the electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada. The company operates through three segments: Equipment Rental Solutions (ERS), Truck and Equipment Sales (TES), and Aftermarket Parts and Services (APS). The ERS segment owns new and used specialty equipment, including truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, digger derricks, and other machinery and equipment. The TES segment offers new equipment for sale to be used for end-markets, which can be modified to meet customers specific needs. The APS segment provides truck and equipment maintenance and repair services; and rents and sells specialized tools, including stringing blocks, insulated hot stick, and rigging equipment, as well as sale of specialized aftermarket parts. The company was formerly known as Nesco Holdings, Inc. and changed its name to Custom Truck One Source, Inc. in April 2021. Custom Truck One Source, Inc. was founded in 1988 and is headquartered in Kansas City, Missouri.