Custom Truck One Source, Inc. ( (CTOS) ) has released its Q3 earnings. Here is a breakdown of the information Custom Truck One Source, Inc. presented to its investors.
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Custom Truck One Source, Inc. is a prominent provider of specialty equipment for various infrastructure-related markets, including electric utility, telecom, and rail sectors, known for its comprehensive ‘one-stop-shop’ business model.
In its third-quarter 2025 earnings report, Custom Truck One Source, Inc. announced a significant increase in revenue and adjusted EBITDA, while also reducing its net loss compared to the previous year. The company reaffirmed its 2025 financial guidance, indicating confidence in its ongoing business momentum.
Key financial highlights include a total revenue of $482.1 million, marking a 7.8% increase from the previous year, and an adjusted EBITDA of $96.0 million, reflecting a 19.6% growth. The company also reported a decrease in net loss by 66.9% to $5.8 million. The Equipment Rental Solutions segment saw a notable rise in average fleet utilization and rental revenue, while the Truck and Equipment Sales segment experienced robust demand, particularly from local and regional customers.
Despite a decline in the sales order backlog, the company remains optimistic about future demand driven by mega trends in the utility market and ongoing infrastructure investments. Custom Truck One Source plans to continue investing in its rental fleet and production capabilities to capitalize on these opportunities.
Looking ahead, the company maintains its full-year revenue and adjusted EBITDA guidance for 2025, anticipating double-digit growth. It expects strong demand in its core utility markets and aims to reduce inventory levels while expanding its production capabilities to support future growth.