Strong Year-Over-Year Revenue Growth
Total revenue for Q1 2025 was $422 million, a significant increase driven by robust demand in core T&D markets, resulting in a 13% year-over-year revenue growth for the ERS segment.
Increased Utilization and Rental Demand
Average OEC on rent for Q1 was over $1.2 billion, a 13% year-over-year increase, with utilization rates just under 78%, up 440 basis points from last year.
Record-High Equipment Sales Performance in TES
TES segment experienced significant net order growth with a backlog increase of over $51 million or 14%, and ending with the strongest March in company history.
Reaffirmed Full Year 2025 Guidance
Custom Truck reaffirmed its fiscal 2025 revenue guidance of $1.97 billion to $2.06 billion and adjusted EBITDA guidance of $370 million to $390 million.