Custom Truck One Source, Inc. Reports Record Third Quarter 2026 Results and Increases Full Year 2026 Adjusted EBITDA and SER Revenue Guidance
Custom Truck One Source, Inc. (NYSE: CTOS), a leading provider of specialty equipment to the electric utility, telecom, rail, forestry, waste management and ... Custom Truck One Source, Inc. (NYSE: CTOS), a leading provider of specialty equipment to the electric utility, telecom, rail, forestry, waste management, and other infrastructure-related end markets, has reported a record third quarter 2026 results. The company reported a revenue increase of $495.2 million, an increase of 2.7% compared to the third quarter of 2025, rental revenue up 20.1%, and record average OEC on rent of $1.39 billion. Gross profit of $113.3 million and adjusted Gross Profit of $170.2m increased, with net income of $2.3m and Adjusted EBITDA of $110.9m. The SER segment segment continued to benefit from strong utility end-market demand, generating a record quarterly average Oec on rent and average utilization of 81.5%. The company also reduced net leverage ratio to 3.70x, compared to 4.31x at year-end 2025 and 4.53x at the end of the previous year. The CEO of CTOS, Ryan McMonagle, stated that the company is committed to investing in the rental fleet investment to capture visible, high-return transmission rental demand.
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KANSAS CITY, Mo.--(BUSINESS WIRE)--Custom Truck One Source, Inc. (NYSE: CTOS), a leading provider of specialty equipment to the electric utility, telecom, rail, forestry, waste management and other in... [28270 symbols]
Tematy: Environment-ESG
