The earnings call presents a strong performance with significant growth in revenue and EBITDA, driven by robust demand and strategic execution. While there are some concerns about the TES backlog decline and potential tariff impacts, the company's proactive measures and strong order flow provide confidence in continued growth.

Company Guidance -

Q3 2025

During the second quarter of 2025, Custom Truck One Source Inc. reported significant financial growth, with a 21% increase in revenue and a 17% rise in adjusted EBITDA compared to Q2 2024. The company's core segments, ERS and TES, demonstrated strong performance driven by robust demand in T&D markets. ERS revenue jumped over 23% year-over-year, with rental asset sales growing by 40% and rental revenue by 17%. The TES segment achieved record sales milestones, with two consecutive months of sales exceeding $100 million, marking a year-over-year growth of more than 22%. Average OEC on rent surpassed $1.2 billion, a 16% increase from the previous year, while utilization rates rose to just under 78%, up nearly 600 basis points from Q2 2024. The company reaffirmed its 2025 guidance, projecting total revenue between $1.97 billion and $2.06 billion and adjusted EBITDA in the range of $370 million to $390 million. Despite a decrease in TES backlog, strong order flow and customer feedback support expectations for double-digit revenue growth in TES for the year. Custom Truck plans to invest in its rental fleet to support this demand, with net rental CapEx projected at approximately $200 million.

Strong Revenue and EBITDA Growth

Custom Truck delivered a 21% revenue growth and a 17% adjusted EBITDA growth in Q2 2025 compared to Q2 2024, driven by strong demand in core T&D markets and excellent execution by the team.

ERS Segment Performance

ERS segment revenue increased by more than 23% year-over-year, with rental revenue and rental asset sales showing 17% and 40% growth, respectively. Average utilization also improved by 600 basis points to just under 78%.

TES Segment Achievements

TES segment sales surpassed $100 million for two consecutive months for the first time, leading to a 22% year-over-year sales growth and more than 30% sequential growth.

Strong Order Flow

Overall signed orders grew by just under 35% year-over-year, driven by a 45% increase from local and regional customers.

Custom Truck One Source (CTOS) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

CTOS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	-0.02 / -	-0.07	―	―	―
Jul 30, 2025	2025 (Q2)	-0.05 / -0.13	-0.1	-30.00% (-0.03)
Apr 30, 2025	2025 (Q1)	-0.06 / -0.08	-0.06	-33.33% (-0.02)
Mar 04, 2025	2024 (Q4)	0.04 / 0.12	0.07	71.43% (+0.05)
Oct 30, 2024	2024 (Q3)	-0.03 / -0.07	0.04	-275.00% (-0.11)
Aug 01, 2024	2024 (Q2)	-0.02 / -0.10	0.05	-300.00% (-0.15)
May 02, 2024	2024 (Q1)	-0.01 / -0.06	0.06	-200.00% (-0.12)
Mar 07, 2024	2023 (Q4)	0.11 / 0.07	0.13	-46.15% (-0.06)
Nov 07, 2023	2023 (Q3)	0.04 / 0.04	-0.01	500.00% (+0.05)
Aug 08, 2023	2023 (Q2)	0.02 / 0.05	0.05	0.00% (0.00)

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
Jul 30, 2025	$5.70	$6.19	+8.60%
Apr 30, 2025	$4.03	$3.91	-2.98%
Mar 04, 2025	$4.02	$4.83	+20.15%
Oct 30, 2024	$3.97	$4.09	+3.02%

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 Nov 11, 2025, After Close (Confirmed).

What is Custom Truck One Source (CTOS) earnings time?

Custom Truck One Source (CTOS) earnings time is at Nov 11, 2025, 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 2025 (Q3) is -0.02.

Become an Expert with TipRanks Premium

What am I Missing?

Make informed decisions based on Top Analysts' activity

Know what industry insiders are buying

Get actionable alerts from top Wall Street Analysts

Find out before anyone else which stock is going to shoot up

Get powerful stock screeners & detailed portfolio analysis

Subscribe Now See Plans & Pricing