Overview
Custom Truck Q2 revenue grows 20.9% yr/yr, beating analyst expectations, per LSEG data
Adjusted EBITDA for Q2 beats consensus, driven by increased gross profit
Co reaffirms 2025 guidance, citing strong demand across segments
Outlook
Custom Truck reaffirms 2025 revenue guidance of $1.97 bln to $2.06 bln
Company expects 2025 adjusted EBITDA between $370 mln and $390 mln
TES segment to see double-digit revenue growth in 2025
ERS rental fleet expected to grow by mid-single digits in 2025
Result Drivers
RENTAL REVENUE - Increased rental revenue driven by higher fleet utilization and average OEC on rent, per CEO Ryan McMonagle
VOCATIONAL VEHICLES DEMAND - "Robust" demand for vocational vehicles in TES segment, contributing to revenue growth
SECULAR TAILWINDS - Co expects to benefit from data center investments, electrification, and utility grid upgrades
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $511.50 mln | $461.10 mln (5 Analysts) |
Q2 Net Income | -$28.40 mln | ||
Q2 Adjusted EBITDA | Beat | $93.40 mln | $85.10 mln (5 Analysts) |
Q2 Adjusted Gross Profit | $156.50 mln | ||
Q2 Gross Profit | $102.50 mln |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"
Wall Street's median 12-month price target for Custom Truck One Source Inc is $6.00, about 3.7% above its July 29 closing price of $5.78
The stock recently traded at 271 times the next 12-month earnings vs. a P/E of 247 three months ago
Press Release: ID:nBw7jmFVza
(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)
免责声明:投资有风险,本文并非投资建议,以上内容不应被视为任何金融产品的购买或出售要约、建议或邀请,作者或其他用户的任何相关讨论、评论或帖子也不应被视为此类内容。本文仅供一般参考,不考虑您的个人投资目标、财务状况或需求。TTM对信息的准确性和完整性不承担任何责任或保证,投资者应自行研究并在投资前寻求专业建议。