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Custom Truck One Source (CTOS)
NYSE:CTOS
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Earnings Data
Report Date
Mar 06, 2025TBA Not Confirmed
Period Ending
2024 (Q4)Consensus EPS Forecast
$0.04Last Year’s EPS
$0.07Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Oct 30, 2024
|% Change Since: 23.43%
|Next Earnings Date:Mar 06, 2025
Earnings Call Sentiment|Neutral
The earnings call reflected a positive trend in rental KPIs and demand across all end markets, leading to increased rental asset sales. However, the ERS segment experienced a revenue decline, and there were pressures on on-rent yield and APS business. Despite these challenges, the company remains optimistic about future growth, supported by strong demand and strategic investments.Company Guidance
During the Custom Truck One Source, Inc. Q3 2024 earnings call, the company provided guidance reflecting an optimistic outlook amid improved market conditions. The company anticipates total revenue between $1.8 billion and $1.89 billion for 2024, with adjusted EBITDA projected between $340 million and $350 million. This guidance reflects an adjustment to the top end of their ERS and TES revenue ranges. Key metrics showed a promising trend, with OEC on rent reaching over $1.2 billion and utilization surpassing 79% in Q3. The TES segment experienced 13% revenue growth compared to the same quarter last year, while rental revenue in the ERS segment grew 5% sequentially. Despite some pricing pressures, Custom Truck remains well-positioned for double-digit adjusted EBITDA growth in 2025, driven by robust demand across utility, infrastructure, rail, and telecom end markets.Improvement in Rental KPIs
OEC on rent increased over $145 million, and utilization improved by more than 800 basis points compared to Q2. Currently, OEC is over $1.2 billion with utilization over 79%.
Robust Demand Across End Markets
Demand is strong across utility, infrastructure, rail, and telecom end markets, positioning the company well for a strong Q4 and promising 2025 start.
TES Segment Growth
TES segment saw a 13% revenue growth compared to Q3 last year. Year-to-date, revenue is up 8% following over 30% growth in the first 9 months of the previous year.
Increased Rental Asset Sales
Rental asset sales improved for the second consecutive quarter, with a 21% sequential improvement in Q3.
Strong Financial Positioning
The rental fleet is younger, OEC on rent is higher, and on-rent yield is stronger since CTOS and Nesco merged in April 2021.
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CTOS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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CTOS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Oct 30, 2024 | $3.97 | $4.09 | +3.02% |
| Aug 01, 2024 | $4.66 | $4.07 | -12.66% |
| May 02, 2024 | $4.90 | $4.17 | -14.90% |
| Mar 07, 2024 | $6.21 | $5.11 | -17.71% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Custom Truck One Source (CTOS) report earnings?
Custom Truck One Source (CTOS) is schdueled to report earning on Mar 06, 2025, TBA Not Confirmed.
What is Custom Truck One Source (CTOS) earnings time?
Custom Truck One Source (CTOS) earnings time is at Mar 06, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTOS EPS forecast?
CTOS EPS forecast for the fiscal quarter 2024 (Q4) is $0.04.
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