Headquartered in Kansas City, MO Fiscal year ends December NYSE: CTOS customtruck.com
Custom Truck One Source, Inc. (NYSE: CTOS) is one of the largest providers of specialty equipment, parts, tools, accessories, and services to the electric utility transmission and distribution, telecom, rail, forestry, waste management, and other infrastructure-related end markets in North America. The company operates through two reportable segments: Specialty Equipment Rentals (SER), which rents specialized equipment including aerial devices, boom trucks, cranes, digger derricks, and related products; and Specialty Truck Equipment & Manufacturing (STEM), which manufactures and sells customized and stock specialty trucks and equipment. CTOS maintains a coast-to-coast rental fleet of more than 10,850 units serving a diverse customer base engaged in the maintenance, repair, upgrade, and installation of critical infrastructure assets including electric lines, telecommunications networks, and rail systems. The company benefits from secular demand drivers including utility grid modernization, transmission expansion, electrification, data center-driven load growth, and broad infrastructure spending. Updated
Rental revenue rose 20.1% on record equipment on rent, and management raised full-year adjusted EBITDA guidance for the third time this year. Revenue missed expectations only because a hailstorm and a vendor recall pushed truck deliveries into Q4.
Custom Truck One Source, Inc. (NYSE: CTOS) is one of the largest providers of specialty equipment, parts, tools, accessories, and services to the electric utility transmission and distribution, telecom, rail, forestry, waste management, and other infrastructure-related end markets in North America.
The Wall Street consensus 12-month price target for CTOS is $13.33.