KANSAS CITY, Mo.--(BUSINESS WIRE)--Load King and Custom Truck One Source, Inc. (NYSE: CTOS) are proud to announce their participation in the upcoming NTEA Work Truck Week, taking place from March 5-8, 2024, at the Indiana Convention Center, Indianapolis, Indiana. This premier industry show serves as a platform for participating companies to exhibit their latest advancements in electric vehicle and hybrid technology. Attendees are invited to visit Booth 4101 to explore a range of pioneering equipment design ...

Custom Truck One Source, Inc. (NYSE:CTOS) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET Company Participants Brian Perman – Vice President-Investor Relations Ryan McMonagle – Chief Executive Officer Chris Eperjesy – Chief Financial Officer Conference Call Participants Daniel Hultberg – Oppenheimer Tim Thein – Citigroup Tami Zakaria – JPMorgan Justin Hauke – Robert W. Baird Mike Shlisky – D.A. Davidson Nicole DeBlase – Deutsche Bank Operator Ladies and gentlemen, thank you for standing by, and ...

26 Supplementary Segment Data — TES | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------------------------|-------|---------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------| | (in $ millions) | Q1 22 | | | Q2 22 | | Q3 22 | | Q4 22 | | Q1 23 | | Q2 23 | Q3 23 | | | Equipment sales | $ | 168 $ | | 181 | $ | 174 | $ | 247 | $ | 209 | $ | 251 | $ | 231 | | Cost of equipment sales | | 144 | | 154 | | 147 | | 203 | | ...

Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38186 _______________________________ CUSTOM TRUCK ONE ...

Financial Data and Key Metrics Changes - Total revenue for Q2 2023 was $457 million, representing a 26% increase compared to Q2 2022 [15] - Adjusted gross profit was $154 million, up 22% year-over-year, resulting in an adjusted gross margin of 34% [15] - Adjusted EBITDA reached $103 million, a 21% improvement from Q2 2022 [15] - Net income for the quarter was $11.6 million, marking the third consecutive quarter of positive net income [33] Business Line Data and Key Metrics Changes - The rental segment (ERS) generated $118 million in revenue, a 9% increase year-over-year [16] - TES segment revenues were $251 million, up nearly 39% from Q2 2022, with gross profit increasing by over 69% [16] - APS business posted revenue of $37 million, a 4% increase compared to Q2 2022, with an adjusted gross profit margin of 29.5% [8] Market Data and Key Metrics Changes - The backlog for TES grew to $864 million, a 30% increase compared to Q2 2022 [8] - Utilization in the rental fleet finished at just under 82%, which is historically strong [5] - Average OEC on rent increased by more than $53 million compared to Q2 2022 [33] Company Strategy and Development Direction - The company is focused on investing in and optimizing production capacity and service footprint to meet customer expectations [14] - Expansion projects in Kansas City and Union Grove are expected to enhance production capacity [14] - The company aims to maintain net leverage below 3x by the end of fiscal 2023 while continuing to grow the rental fleet [17] Management's Comments on Operating Environment and Future Outlook - Management noted strong demand across strategically selected end markets, including utility, telecom, rail, and infrastructure, which are expected to grow well above GDP [13] - The company is increasing its total revenue guidance range to $1.725 billion to $1.83 billion and adjusted EBITDA range to $425 million to $445 million for 2023 [6] - Management expressed confidence in sustaining margins despite inflationary pressures [8] Other Important Information - SG&A expenses were $58 million for Q2, representing 12.7% of revenues, an improvement from 13.5% in Q2 2022 [7] - The company has repurchased approximately $15 million of its stock since initiating the stock repurchase program [34] Q&A Session Summary Question: Can you help us understand the ending OEC and expected growth? - Management confirmed that they expect to achieve mid to high single-digit growth for the year, despite some fluctuations in OEC [21][40] Question: What are the expectations for free cash flow in the second half? - Management indicated that inventory investment has been a drag on free cash flow, but they anticipate a release of free cash flow in the latter half of the year as sales activity moderates [23] Question: Can you elaborate on the guidance increase and factors considered? - Management noted that the outperformance in Q2 and strong demand were key factors in the updated guidance for the second half [24][50] Question: How is the company addressing the supply chain constraints? - Management acknowledged ongoing supply chain constraints but noted improvements in chassis availability, which should support production and sales goals [19][62] Question: What is the outlook for the telecom segment given recent issues? - Management stated that telecom represents less than 5% of revenue and has not significantly impacted operations, but they are monitoring the situation closely [67]

Table of Contents (Exact name of registrant as specified in its charter) _______________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q _______________________________ ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2023 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to C ...

Custom Truck One Source, Inc. (NYSE:CTOS) Q1 2023 Results Conference Call May 9, 2023 5:00 PM ET Company Participants Brian Peman - IR Ryan McMonagle - CEO Chris Eperjesy - CFO Conference Call Participants Mike Shlisky - D.A. Davidson Tami Zakaria - JPMorgan Justin Hauke - Robert W. Baird Operator Ladies and gentlemen, thank you for standing by, and welcome to Custom Truck One Sources First Quarter 2023 Earnings Conference Call. Please note this conference call is being recorded. I would now like to hand t ...

Accordingly, these deficiencies constitute a material weakness. The material weakness did not result in any identified misstatements to our consolidated financial statements, and there were no changes to previously released financial results. Other than the ongoing remediation plans described above, there were no changes to our internal control over financial reporting that occurred during the quarter ended March 31, 2023 that have materially affected, or are reasonably likely to materially affect, our inte ...

Rental Rental Sales ($ millions, except where indicated) • Rental revenue increased by more than $1M vs. Q3 '22 4.6x 4.4x 4.3x 4.0x 3.8x 3.8x 3.8x 3.5x 2.0x 2.5x 3.0x 3.5x 4.0x 4.5x Deal Close Q2 21 Q3 21 Q4 21 Q1 22 Q2 22 Q3 22 Q4 22 • Expect to be free cash flow positive for the year (in $ millions) (3) Adjusted Gross Profit and Adjusted EBITDA data for YTD '21 are each shown adding back $10M of previously disclosed leasing receivables and inventory reserve charges. ($ millions, except where indicated) • ...

Custom Truck One Source, Inc. (NYSE:CTOS) Q4 2022 Earnings Conference Call March 14, 2023 5:00 PM ET Company Participants Brian Perman - VP, IR Fred Ross - CEO Ryan McMonagle - President and COO Chris Eperjesy - CFO Conference Call Participants Scott Schneeberger - Oppenheimer Michael Shlisky - D.A. Davidson Companies Kenneth Chung - Citigroup Noelle Dilts - Stifel Justin Hauke - Robert W. Baird Operator Ladies and gentlemen, thank you for standing by and welcome to the Custom Truck One Sources. Fourth Quar ...