Custom Truck One Source (CTOS)
NYSE:CTOS
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Earnings Data
Report Date
Aug 11, 2026After Close (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
<0.01Last Year’s EPS
-0.13Same Quarter Last Year
Moderate Buy
Based on 6 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed a strongly positive operational and financial momentum: record Q1 revenue and a massive year-over-year adjusted EBITDA increase, improving rental KPIs, growing backlog, affirming revenue guidance and raising adjusted EBITDA guidance, and clear plans for reduced maintenance spend and improved free cash flow to delever. Headwinds are present—notably elevated leverage, inventory/working-capital levels, tougher Q2 comps, and some supply-chain/tariff risk—but management outlined concrete actions and expectations to mitigate these risks and achieve deleveraging and cash-flow targets.Company Guidance
Record First-Quarter Revenue and EBITDA
Total revenue of $462.0M and adjusted EBITDA of $98.0M in Q1 2026; adjusted EBITDA grew more than 933% year-over-year versus Q1 2025.
Strong Specialty Equipment Rentals (SER) Performance
SER third-party revenue of $194M, up 16% year-over-year; SER segment adjusted EBITDA of $105M, up 23% year-over-year; SER adjusted EBITDA margin of 51.5%, up ~415 basis points versus Q1 2025.
Improving Rental KPIs
Fleet utilization averaged 81.4% in Q1, up 370 basis points year-over-year; average OEC on rent was $1.34B in Q1, up 12% year-over-year; total OEC ended the quarter at $1.66B, the highest quarter-end level in company history.
STEM Growth and Margin Expansion
STEM third-party revenue of $268M, up 5% year-over-year; parts and service revenue grew ~17%; STEM segment adjusted EBITDA of $33M with a 9% margin, driven by cost-out and productivity improvements.
Backlog Expansion Supporting Future Sales
New sales order backlog ended Q1 at $411M, up $76M sequentially (up ~23% QoQ); backlog continued to grow into Q2 and stands above $425M.
Affirmed and Raised Guidance
Affirmed consolidated 2026 revenue guidance of $2.005B to $2.12B and raised adjusted EBITDA guidance to $415M–$440M (implying adjusted EBITDA growth of 8%–15% year-over-year); revenue growth guidance of 3%–9%.
Improved Capital Allocation and Free Cash Flow Targets
Planned net rental fleet investment of ~$150M–$170M in 2026 (down from $250M in 2025); company expects to generate more than $50M of levered free cash flow in 2026 and to meaningfully reduce net leverage to below 4x by year-end, targeting ~3x in 2027.
Balance Sheet and Liquidity
Net debt of $1.65B with LTM adjusted EBITDA >$408M and net leverage slightly above 4.0x (improved ~30 bps sequential and ~80 bps year-over-year); ABL availability of $257M and potential additional ~$190M borrowing capacity via facility upsizing.
Fleet Quality and Positioning for EPA Rules
Average fleet age is under three years (one of the youngest in the industry), supporting service levels and positioning the company favorably for the EPA 2027 emissions standards.
CTOS Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
CTOS Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Apr 27, 2026 | $8.78 | $9.01 | +2.62% |
Mar 10, 2026 | $6.38 | $5.66 | -11.29% |
Oct 28, 2025 | $6.02 | $6.04 | +0.33% |
Jul 30, 2025 | $5.70 | $6.19 | +8.60% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Custom Truck One Source (CTOS) report earnings?
Custom Truck One Source (CTOS) is schdueled to report earning on Aug 11, 2026, After Close (Confirmed).
What is Custom Truck One Source (CTOS) earnings time?
Custom Truck One Source (CTOS) earnings time is at Aug 11, 2026, After Close (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is CTOS EPS forecast?
CTOS EPS forecast for the fiscal quarter 2026 (Q2) is <0.01.