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Custom Truck One Source (CTOS)
NYSE:CTOS
Earnings Data
Report Date
May 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-0.06Last Year’s EPS
-0.06Same Quarter Last Year
Moderate Buy
Based on 3 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 04, 2025
|% Change Since: 10.70%
|Next Earnings Date:May 13, 2025
Earnings Call Sentiment|Positive
The earnings call highlighted strong performance in key segments with record revenues and effective inventory management. However, there were some challenges, such as a decline in ERS revenue and margin pressures in the TES segment. The company's guidance for 2025 indicates optimism for growth and improved financial performance.Company Guidance
In the fourth quarter and full year 2024 earnings call, Custom Truck One Source, Inc. provided guidance for 2025, indicating a positive outlook across all business segments. The company expects total revenue to range between $1.97 billion and $2.06 billion, with projected adjusted EBITDA between $370 million and $390 million. The ERS segment is forecasted to generate between $666 million and $690 million in revenue, while TES revenue is anticipated to range from $1.16 billion to $1.21 billion. APS revenue is expected to be between $150 million and $160 million. Average OEC on rent for Q4 2024 was over $1.2 billion, showing a 12% sequential increase, while average utilization improved to just under 79%. The call also highlighted a 15% sequential increase in rental revenue for Q4, marking the second consecutive quarter of growth, and a 13% increase in rental asset sales. Custom Truck plans to continue investing in fleet expansion, with net rental CapEx projected to be just under $200 million for 2025. The company aims to reduce its net leverage to below three times by fiscal 2026, supported by expected levered free cash flow of $50 to $100 million in 2025.Record Year for GES Segment
GES had a record quarter in Q4 and a record year, exceeding a billion dollars in annual sales for the first time.
Strong Performance in ERS Segment
ERS segment showed a 12% sequential quarterly increase in average OEC on rent, and a 570 basis points improvement in average utilization, with rental revenue up 15% versus Q3.
TES Revenue Growth
TES segment saw a record quarterly revenue of over $300 million, up 18% sequentially and 3% compared to Q4 2023, with full-year TES revenue exceeding $1 billion for the first time.
Improved Inventory Management
A significant reduction in inventory of more than $150 million versus the end of Q3 and more than $170 million from peak levels at the end of August.
Positive Order Trends
A 35% increase in net orders compared to Q4 last year, with backlog currently at $445 million, up more than 20% since year-end.
Revenue and EBITDA Guidance
For 2025, expected total revenue between $1.97 and $2.06 billion and projected adjusted EBITDA between $370 million and $390 million.
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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 |
|---|---|---|---|
| Mar 04, 2025 | $4.02 | $4.83 | +20.15% |
| 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% |
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 May 13, 2025, TBA Not Confirmed.
What is Custom Truck One Source (CTOS) earnings time?
Custom Truck One Source (CTOS) earnings time is at May 13, 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 2025 (Q1) is -0.06.
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