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Custom Truck One Source Inc   (CTOS)
Other Ticker:  
 
    Sector  Services    Industry Rental & Leasing
   Industry Rental & Leasing
   Sector  Services
 
Price: $3.7300 $0.17 4.775%
Day's High: $3.78 Week Perf: 10.03 %
Day's Low: $ 3.59 30 Day Perf: -13.46 %
Volume (M): 381 52 Wk High: $ 7.00
Volume (M$): $ 1,419 52 Wk Avg: $5.39
Open: $3.64 52 Wk Low: $3.26



 Market Capitalization (Millions $) 894
 Shares Outstanding (Millions) 240
 Employees 2,000
 Revenues (TTM) (Millions $) 1,790
 Net Income (TTM) (Millions $) -14
 Cash Flow (TTM) (Millions $) -34
 Capital Exp. (TTM) (Millions $) 319

Custom Truck One Source Inc
Custom Truck One Source Inc. is a leading provider of specialized custom-built trucks and equipment solutions to customers across North America. The company is headquartered in Kansas City, Missouri, and operates multiple facilities across the United States. It has over 1,000 employees, and its fleet of equipment and trucks is one of the largest and most diverse in the industry.

Custom Truck One Source has been in the business of providing customized truck solutions for over 25 years. The company is committed to innovation, quality, and customer satisfaction. It has tailored solutions for various industries such as construction, utility, telecommunications, forestry, waste management, and more. The company specializes in building solutions for the toughest and most challenging applications, focusing on customizing products to meet the specific requirements of its customers.

Custom Truck One Source offers an extensive range of products, including cranes, drill rigs, aerial work platforms, service trucks, mechanics trucks, forestry equipment, digger trucks, and more. The company prides itself on its custom-built truck solutions, which can be built to the user's exact specifications. It offers end-to-end services, including financing, leasing, rental, sales, parts, and maintenance, to ensure that customers can rely on their equipment to get the job done.

The company's in-house engineering department uses the latest technologies and tools to design safe, durable, and efficient equipment. Moreover, Custom Truck One Source has a proactive safety culture and a comprehensive safety program, and all its employees follow strict safety guidelines and procedures.

Custom Truck One Source has established a solid reputation for quality and customer service in the industry. The company is ISO 9001:2015 certified, which demonstrates its commitment to continuous improvement and delivering top-quality products and services. The company's customer-focused approach ensures that it provides customized solutions that meet the unique needs of its customers.

In conclusion, Custom Truck One Source Inc. is a leading provider of customized truck solutions for various industries in North America. Its commitment to safety, quality, and customer satisfaction sets it apart from its competitors. The company offers a broad range of products, end-to-end services, and a team of experienced professionals who can handle all of its customers' equipment and truck needs.


   Company Address: 7701 Independence Ave Kansas City 64125 MO
   Company Phone Number: 241-4888   Stock Exchange / Ticker: NYSE CTOS


   

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Custom Truck One Source Inc

Custom Truck One Source Inc Reports Revenue Drop and Increased Losses in Q1 2024

In the first quarter of 2024, Custom Truck One Source Inc experienced a decrease in revenue and a greater loss compared to the previous year. The company reported a net loss of $-0.06 per share, with revenue declining by -9.036% year-on-year to $411.31 million. This decrease in revenue can be attributed to lower orders, leading to a loss for the company.
Despite the challenging financial results, the Rental & Leasing sector saw a revenue improvement in the first quarter of 2024. However, Custom Truck One Source Inc logged a net loss of $-14.335 million, a significant decline from the $13.800 million bottom line seen in the same period a year before. The company also saw an increase in inventories, with inventories and supplies reaching $1,103.4 million, higher than the previous quarter and the corresponding quarter a year ago.

Business Update

Custom Truck One Source Opens New Location in Ogden, Utah, to Cater to the Growing Demand for Specialized Equipment in Western United States

Published Mon, Apr 29 2024 12:47 PM UTC

Custom Truck One Source Expands Presence in Utah with New Location in Ogden to Cater to Growing Demand for Specialized EquipmentKansas City, Mo. - Custom Truck One Source, Inc. (NYSE: CTOS), a renowned provider of sales, rental, and service for specialized equipment, has recently announced the opening of a new facility in Ogden, Utah. With this strategic move, Custom Truck a...

Merger and Acquisition

Custom Truck One Source Expands Reach with Acquisition of SOS Fleet Services, LLC in Alexandria, Louisiana

Published Mon, Mar 18 2024 1:35 PM UTC


KANSAS CITY, Mo. - Custom Truck One Source, Inc. (NYSE: CTOS) recently announced its acquisition of SOS Fleet Services, LLC, a full-service repair facility located in Alexandria, Louisiana. The acquisition brings with it over 30,000 square feet of space and a highly experienced team, adding significantly to Custom Truck's service footprint in the region.
With the ad...

Custom Truck One Source Inc

CTOS Reports Strong Revenue Growth Amid Fourth Quarter Financial Results

The financial results of Custom Truck One Source Inc (CTOS) for the fourth quarter and full year of 2023 are a mixed bag. While the company has seen a 7.197% increase in revenue during this period, its income per share has plummeted from $0.12 to $0.07 compared to the same quarter in 2022.
The decrease in income per share can be seen as a concern, as it indicates a decline in profitability for the company. However, the rise in revenue suggests that there is still strong demand for CTOS's services in the rental and leasing industry. This is further supported by the increase in accounts receivable, which indicates rising demand for the company's products.
Despite the decline in income per share, CTOS has managed to improve its net margin to 3.09%. This suggests that the company has been able to control its costs and improve its profitability to some extent. However, the build-up in inventories to $985.8 million indicates that the company may be experiencing some challenges in managing its inventory levels effectively.

Product Service News

Load King and Custom Truck One Source Drive the Future of Work Trucks with Electric and Hybrid Innovations

Published Wed, Feb 28 2024 4:00 PM UTC

Load King and Custom Truck One Source, Inc. (NYSE: CTOS) have exciting news to share as they gear up for the highly anticipated NTEA Work Truck Week, scheduled to take place from March 5-8, 2024, at the Indiana Convention Center in Indianapolis, Indiana. As leading players in the industry, the companies are thrilled to showcase their latest electric vehicle and hybrid techno...







Custom Truck One Source Inc's Segments
Rental ERS    23.81 % of total Revenue
Rental APS    0.54 % of total Revenue
Equipment sales ERS    8.92 % of total Revenue
Equipment sales TES    58.61 % of total Revenue
Equipment sales APS    8.13 % of total Revenue
Parts and services APS    8.13 % of total Revenue
United States    97.88 % of total Revenue
Canada    100 % of total Revenue
ERS    32.72 % of total Revenue
TES    58.61 % of total Revenue
APS    8.67 % of total Revenue
Rental    24.35 % of total Revenue
Equipment sales    67.52 % of total Revenue
Parts and services    8.13 % of total Revenue

  Custom Truck One Source Inc Outlook

On May 3 2024 the Custom Truck One Source Inc provided following guidance

Custom Truck One Source, Inc. (NYSE: CTOS) recently released its financial results for the first quarter of 2024, ending on March 31st. The company reported a total revenue of $411.3 million, reflecting a decrease of $40.9 million, or 9.0%, compared to the same period in 2023. This decline in revenue was mainly attributed to a decrease in rental activity.

Despite the decrease in revenue, CTOS remains a leading provider of specialty equipment to various industries such as electric utility, telecom, rail, forestry, and waste management. The company continues to serve the infrastructure-related end markets effectively.

In addition to the financial results, Custom Truck One Source, Inc. also update...





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