For Q1 FY2026 ended March 31, 2026, Custom Truck One Source reported revenue of $461.6 million, up 9.3% year-over-year. Net loss narrowed to $4.1 million from $17.8 million a year ago, while operating income surged 153.7% to $31.5 million. Diluted EPS was -$0.02, improving from -$0.08. The company held $9.6 million in cash and $1.63 billion in long-term debt.
•Revenue grew 9.3% YoY to $461.6 million.
•Net loss improved 76.9% to $4.1 million.
•Operating income rose 153.7% to $31.5 million.
•Long-term debt stood at $1.63 billion as of March 31, 2026.
Informational summary based on SEC XBRL figures · generated by deepseek-v4-flash. Not investment advice.
Custom Truck One Source provides specialty equipment rental and sale services to electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure-related industries in the United States and Canada.
Its business is organized into two segments: Specialty Equipment Rentals (SER); and Specialty Truck Equipment and Manufacturing (STEM). The company owns new and used specialty equipment, including truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, digger derricks, and machinery and equipment.
It offers new equipment for sale to be used for end-markets, which can be modified to meet customers specific needs, as well as truck and equipment maintenance and repair services rents and sells specialized tools, including stringing blocks, insulated hot stick, and rigging equipment, as well as sale of specialized aftermarket parts. Founded in 1988 and headquartered in Kansas City, Missouri, the company was formerly known as Nesco Holdings, Inc. before rebranding in April 2021.
Custom Truck One Source, Inc. (CTOS) provides specialty equipment rental and sale services to infrastructure-related industries in the United States and Canada. Its business is organized into two segments: Specialty Equipment Rentals (SER) and Specialty Truck Equipment and Manufacturing (STEM). The company owns a fleet of new and used specialty equipment, including truck-mounted aerial lifts, cranes, service trucks, dump trucks, trailers, digger derricks, and other machinery. It also offers new equipment for sale, which can be modified to meet customer-specific needs, along with truck and equipment maintenance and repair services. Additionally, CTOS rents and sells specialized tools such as stringing blocks, insulated hot sticks, and rigging equipment, as well as aftermarket parts. The company serves electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure sectors.
Where is Custom Truck One Source (CTOS) listed and what currency does it trade in?
Custom Truck One Source, Inc. (CTOS) is listed on the New York Stock Exchange (NYSE) under the ticker symbol CTOS. The company trades in US Dollars (USD), which is the currency of its home country, the United States. As a publicly traded company on a major US exchange, its stock is accessible to investors through standard brokerage accounts. The NYSE listing provides liquidity and visibility for the company's shares. The use of USD aligns with its primary operations and financial reporting, as the company is headquartered in the United States and generates most of its revenue in US dollars, though it also serves customers in Canada.
What sector and industry does Custom Truck One Source (CTOS) belong to?
Custom Truck One Source, Inc. (CTOS) operates in the Industrials sector, specifically within the Rental & Leasing Services industry. This classification reflects the company's core business of renting and leasing specialty equipment to infrastructure-related industries. As a rental and leasing services provider, CTOS offers a wide range of heavy machinery and equipment on a temporary basis, allowing customers to access specialized assets without the capital expenditure of purchasing. The Industrials sector encompasses companies that provide industrial goods and services, including machinery, construction, and transportation. Within this sector, the Rental & Leasing Services industry includes firms that rent or lease equipment, vehicles, and other assets to businesses and individuals.
Where is Custom Truck One Source (CTOS) headquartered and what markets does it serve?
Custom Truck One Source, Inc. (CTOS) is headquartered in Kansas City, Missouri, United States. The company serves customers in both the United States and Canada, focusing on infrastructure-related industries. Its primary end-markets include electric utility transmission and distribution, telecommunications, rail, forestry, waste management, and other infrastructure sectors. By operating across North America, CTOS provides rental and sale services to a diverse customer base that requires specialized equipment for construction, maintenance, and repair projects. The company's geographic presence allows it to support large-scale infrastructure development and maintenance activities, leveraging its fleet of specialty equipment to meet the needs of utility companies, telecommunications firms, and other industrial clients.
How does Custom Truck One Source (CTOS) generate revenue?
Custom Truck One Source, Inc. (CTOS) generates revenue through two main business segments: Specialty Equipment Rentals (SER) and Specialty Truck Equipment and Manufacturing (STEM). The SER segment rents out a fleet of new and used specialty equipment, such as aerial lifts, cranes, service trucks, dump trucks, trailers, and digger derricks, on a short-term or long-term basis to customers in infrastructure industries. The STEM segment sells new equipment that can be customized to meet specific customer needs, and also provides truck and equipment maintenance and repair services. Additionally, the company rents and sells specialized tools like stringing blocks and insulated hot sticks, and sells aftermarket parts. This diversified model allows CTOS to earn revenue from both rental fees and equipment sales, as well as from service and parts sales, catering to the ongoing needs of its customers.