The earnings call reflected a generally positive outlook with strong revenue and EBITDA growth, high utilization rates, and robust order flow. However, there are concerns about a declining backlog and potential impacts from tariffs and regulatory changes.

Company Guidance

During the second quarter of 2025, Custom Truck One Source Inc. reported a robust financial performance, characterized by a 21% increase in revenue and a 17% rise in adjusted EBITDA compared to Q2 of 2024. The company reaffirmed its full-year 2025 revenue guidance of $1.97 billion to $2.06 billion and adjusted EBITDA between $370 million to $390 million. The ERS segment demonstrated strong performance, with revenues up over 23% year-over-year, driven by rental and rental asset sales growth of 17% and 40%, respectively. The TES segment achieved significant milestones, reporting over $303 million in equipment sales, a 22% year-over-year increase, and a more than 30% sequential growth. The average OEC on rent exceeded $1.2 billion, with an average utilization rate of just under 78%, marking nearly a 600 basis point increase from the previous year. Despite a decrease in backlog, intra-quarter order flow remained robust, with regional and local customer orders up 45% year-over-year. The company plans to continue strategic investments in its rental fleet, targeting mid-single-digit OEC growth and maintaining its financial goals, including reducing net leverage below 3x by the end of fiscal 2026.

Strong Revenue and EBITDA Growth

Custom Truck reported a 21% revenue growth and a 17% adjusted EBITDA growth compared to Q2 2024, driven by robust demand in core markets and excellent execution.

ERS and TES Segment Performance

ERS segment revenue increased by more than 23% year-over-year, while TES sales grew over 22% year-over-year and more than 30% sequentially, achieving the second highest quarterly sales ever.

High Utilization and Rental Demand

Average OEC on rent for Q2 was over $1.2 billion, a 16% year-over-year increase, with utilization rates just under 78%, up almost 600 basis points from last year.

Resilient Order Flow

Despite a backlog decrease, intra-quarter order flow was strong, with signed orders up more than 45% year-over-year from local and regional customers.

Solid Financial Position

Borrowings under ABL stood at $670 million with available and suppressed availability totaling over $505 million, and an improvement in net leverage to 4.66x.

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

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CTOS Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Nov 11, 2025	2025 (Q3)	-0.03 / -	-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 -0.03.

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