Custom Truck misses Q3 revenue expectations, reaffirms 2025 revenue forecast

Reuters

Oct 28

Custom Truck misses Q3 revenue expectations, reaffirms 2025 revenue forecast

Overview

Custom Truck Q3 revenue grows 7.8% yr/yr but misses analyst expectations
Adjusted EBITDA for Q3 beats estimates, increasing by 19.6% yr/yr
Company reaffirms 2025 revenue and Adjusted EBITDA guidance

Outlook

Custom Truck reaffirms 2025 revenue guidance of $1.97 bln to $2.06 bln
Company expects double-digit growth in 2025 revenue and adjusted EBITDA
Custom Truck plans additional $50 mln investment in rental fleet

Result Drivers

CORE UTILITY MARKETS - Strong demand in core utility markets drove revenue growth, per CEO Ryan McMonagle
ERS SEGMENT GROWTH - Significant growth in average OEC on rent and fleet utilization in ERS segment contributed to revenue increase
VOCATIONAL VEHICLE DEMAND - Robust demand for vocational vehicles boosted TES segment revenue by 6%

Key Details

Metric	Beat/Miss	Actual	Consensus Estimate
Q3 Revenue	Miss	$482.10 mln	$492.12 mln (6 Analysts)
Q3 Net Income		-$5.80 mln
Q3 Adjusted EBITDA	Beat	$96 mln	$93.19 mln (6 Analysts)
Q3 Adjusted Gross Profit		$155.50 mln
Q3 Gross Profit		$100.80 mln

Press Release: ID:nBw3HVfbga

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)

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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(This story was created using Reuters automation and AI based on LSEG and company data. 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For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.</p><p>(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.)</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CTOS","symbol_name":"Custom Truck One Source Inc","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20251027:nL1N3W80ZF:1","article_id":"2578867583","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2578867583","pubTimestamp":1761596541,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Custom Truck misses Q3 revenue expectations, reaffirms 2025 revenue forecastOverviewCustom Truck Q3 revenue grows 7.8% yr/yr but misses analyst expectationsAdjusted EBITDA for Q3 beats estimates, incr","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CTOS":"Custom Truck One Source Inc","BK4104":"贸易公司与经销商"},"translate_title":"定制卡车未达到第三季度收入预期，重申2025年收入预测","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"CTOS":0.9},"content_text":"Custom Truck misses Q3 revenue expectations, reaffirms 2025 revenue forecastOverviewCustom Truck Q3 revenue grows 7.8% yr/yr but misses analyst expectationsAdjusted EBITDA for Q3 beats estimates, increasing by 19.6% yr/yrCompany reaffirms 2025 revenue and Adjusted EBITDA guidanceOutlookCustom Truck reaffirms 2025 revenue guidance of $1.97 bln to $2.06 blnCompany expects double-digit growth in 2025 revenue and adjusted EBITDACustom Truck plans additional $50 mln investment in rental fleetResult DriversCORE UTILITY MARKETS - Strong demand in core utility markets drove revenue growth, per CEO Ryan McMonagleERS SEGMENT GROWTH - Significant growth in average OEC on rent and fleet utilization in ERS segment contributed to revenue increaseVOCATIONAL VEHICLE DEMAND - Robust demand for vocational vehicles boosted TES segment revenue by 6%Key DetailsMetricBeat/MissActualConsensus EstimateQ3 RevenueMiss$482.10 mln$492.12 mln (6 Analysts)Q3 Net Income-$5.80 mlnQ3 Adjusted EBITDABeat$96 mln$93.19 mln (6 Analysts)Q3 Adjusted Gross Profit$155.50 mlnQ3 Gross Profit$100.80 mlnPress Release: ID:nBw3HVfbgaFor questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.(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.)","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}