Latest news with #CustomTruckOneSource
Yahoo
06-08-2025
- Business
- Yahoo
What To Expect From Alta's (ALTG) Q2 Earnings
Equipment distribution company Alta Equipment Group (NYSE:ALTG) will be reporting earnings this Thursday after the bell. Here's what to expect. Alta missed analysts' revenue expectations by 2.3% last quarter, reporting revenues of $423 million, down 4.2% year on year. It was a satisfactory quarter for the company, with an impressive beat of analysts' EBITDA estimates but a miss of analysts' EPS estimates. Is Alta a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Alta's revenue to decline 2% year on year to $478.3 million, a reversal from the 4.2% increase it recorded in the same quarter last year. Adjusted loss is expected to come in at -$0.21 per share. The majority of analysts covering the company have reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Alta has missed Wall Street's revenue estimates four times over the last two years. Looking at Alta's peers in the specialty equipment distributors segment, some have already reported their Q2 results, giving us a hint as to what we can expect. Hudson Technologies's revenues decreased 3.2% year on year, beating analysts' expectations by 1.7%, and Custom Truck One Source reported revenues up 20.9%, topping estimates by 9.6%. Hudson Technologies traded up 12.9% following the results while Custom Truck One Source was also up 9%. Read our full analysis of Hudson Technologies's results here and Custom Truck One Source's results here. There has been positive sentiment among investors in the specialty equipment distributors segment, with share prices up 2.1% on average over the last month. Alta is down 1.6% during the same time and is heading into earnings with an average analyst price target of $10.46 (compared to the current share price of $7.29). Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here.
Yahoo
30-07-2025
- Business
- Yahoo
Custom Truck One Source (NYSE:CTOS) Reports Upbeat Q2, Guides for Strong Full-Year Sales
Heavy equipment distributor Custom Truck One Source (NYSE:CTOS) announced better-than-expected revenue in Q2 CY2025, with sales up 20.9% year on year to $511.5 million. The company's full-year revenue guidance of $2.02 billion at the midpoint came in 2.7% above analysts' estimates. Its GAAP loss of $0.13 per share was significantly below analysts' consensus estimates. Is now the time to buy Custom Truck One Source? Find out in our full research report. Custom Truck One Source (CTOS) Q2 CY2025 Highlights: Revenue: $511.5 million vs analyst estimates of $466.7 million (20.9% year-on-year growth, 9.6% beat) EPS (GAAP): -$0.13 vs analyst estimates of -$0.04 (miss) Adjusted EBITDA: $93.43 million vs analyst estimates of $86.59 million (18.3% margin, 7.9% beat) The company reconfirmed its revenue guidance for the full year of $2.02 billion at the midpoint EBITDA guidance for the full year is $380 million at the midpoint, above analyst estimates of $374.2 million Operating Margin: 5.5%, up from 4.2% in the same quarter last year Free Cash Flow was $12.35 million, up from -$51.88 million in the same quarter last year Backlog: $334.8 million at quarter end Market Capitalization: $1.31 billion Company Overview Inspired by a family gas station, Custom Truck One Source (NYSE:CTOS) is a distributor of trucks and heavy equipment. Revenue Growth A company's long-term performance is an indicator of its overall quality. Any business can have short-term success, but a top-tier one grows for years. Thankfully, Custom Truck One Source's 19.3% annualized revenue growth over the last five years was incredible. Its growth beat the average industrials company and shows its offerings resonate with customers. Long-term growth is the most important, but within industrials, a half-decade historical view may miss new industry trends or demand cycles. Custom Truck One Source's recent performance shows its demand has slowed significantly as its annualized revenue growth of 4.1% over the last two years was well below its five-year trend. We can better understand the company's revenue dynamics by analyzing its most important segments, Equipment Rental and Aftermarket Parts and Services, which are 33.3% and 7.4% of revenue. Over the last two years, Custom Truck One Source's Equipment Rental revenue ( lifts, cranes, trucks) averaged 3.5% year-on-year declines. On the other hand, its Aftermarket Parts and Services revenue (maintenance and repair) averaged 1.2% growth. This quarter, Custom Truck One Source reported robust year-on-year revenue growth of 20.9%, and its $511.5 million of revenue topped Wall Street estimates by 9.6%. Looking ahead, sell-side analysts expect revenue to grow 7.4% over the next 12 months. Although this projection suggests its newer products and services will catalyze better top-line performance, it is still below the sector average. Here at StockStory, we certainly understand the potential of thematic investing. Diverse winners from Microsoft (MSFT) to Alphabet (GOOG), Coca-Cola (KO) to Monster Beverage (MNST) could all have been identified as promising growth stories with a megatrend driving the growth. So, in that spirit, we've identified a relatively under-the-radar profitable growth stock benefiting from the rise of AI, available to you FREE via this link. Operating Margin Operating margin is one of the best measures of profitability because it tells us how much money a company takes home after procuring and manufacturing its products, marketing and selling those products, and most importantly, keeping them relevant through research and development. Custom Truck One Source was profitable over the last five years but held back by its large cost base. Its average operating margin of 5.2% was weak for an industrials business. On the plus side, Custom Truck One Source's operating margin rose by 8 percentage points over the last five years, as its sales growth gave it immense operating leverage. This quarter, Custom Truck One Source generated an operating margin profit margin of 5.5%, up 1.3 percentage points year on year. The increase was encouraging, and because its gross margin actually decreased, we can assume it was more efficient because its operating expenses like marketing, R&D, and administrative overhead grew slower than its revenue. Earnings Per Share We track the long-term change in earnings per share (EPS) for the same reason as long-term revenue growth. Compared to revenue, however, EPS highlights whether a company's growth is profitable. Although Custom Truck One Source's full-year earnings are still negative, it reduced its losses and improved its EPS by 30.2% annually over the last five years. The next few quarters will be critical for assessing its long-term profitability. Like with revenue, we analyze EPS over a more recent period because it can provide insight into an emerging theme or development for the business. Sadly for Custom Truck One Source, its EPS declined by 65.9% annually over the last two years while its revenue grew by 4.1%. This tells us the company became less profitable on a per-share basis as it expanded. We can take a deeper look into Custom Truck One Source's earnings to better understand the drivers of its performance. While we mentioned earlier that Custom Truck One Source's operating margin expanded this quarter, a two-year view shows its margin has declined by 3.2 percentage points. This was the most relevant factor (aside from the revenue impact) behind its lower earnings; interest expenses and taxes can also affect EPS but don't tell us as much about a company's fundamentals. In Q2, Custom Truck One Source reported EPS at negative $0.13, down from negative $0.10 in the same quarter last year. This print missed analysts' estimates. Over the next 12 months, Wall Street is optimistic. Analysts forecast Custom Truck One Source's full-year EPS of negative $0.16 will reach break even. Key Takeaways from Custom Truck One Source's Q2 Results We liked that Custom Truck One Source beat analysts' revenue and EBITDA expectations this quarter. Looking ahead, full-year EBITDA guidance also beat. Zooming out, we think this was a solid print. The stock remained flat at $5.71 immediately after reporting. Custom Truck One Source put up rock-solid earnings, but one quarter doesn't necessarily make the stock a buy. Let's see if this is a good investment. When making that decision, it's important to consider its valuation, business qualities, as well as what has happened in the latest quarter. We cover that in our actionable full research report which you can read here, it's free. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Insider
15-07-2025
- Business
- Business Insider
Custom Truck One Source upgraded to Buy from Hold at Stifel
Stifel analyst Brian Brophy upgraded Custom Truck One Source (CTOS) to Buy from Hold with a price target of $7, up from $5. The firm cites positive transmission and distribution survey for the upgrade. Stifel says 2% of respondents saw tighter equipment availability in Q2 versus 4% which saw looser equipment availability in Q1. The tightening in availability reflects improved rental utilization trends in the market, the analyst tells investors in a research note. The firm believes these trends will help support Custom Truck's earnings expectations. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Business Wire
14-07-2025
- Business
- Business Wire
Custom Truck One Source Announces Second Quarter 2025 Earnings Release and Conference Call
KANSAS CITY, Mo.--(BUSINESS WIRE)--Custom Truck One Source, Inc. (NYSE: CTOS) today announced it will release financial results for the second quarter 2025 after the market close on Wednesday, July 30, 2025. Management will discuss the results on a conference call at 9:00 a.m. ET on Thursday, July 31, 2025. An audio-only webcast of the conference call and a presentation of financial information will be available at To listen by phone, please dial 1-800-715-9871 or 1-646-307-1963 and provide the operator with conference ID 9155613. A replay of the call will be available until 11:59 p.m. ET, Thursday, August 7, 2025, by dialing 1‑800-770-2030 or 1-609-800-9909 and entering the passcode 9155613 followed by the # key. ABOUT CUSTOM TRUCK ONE SOURCE Custom Truck One Source is one of the largest providers of specialty equipment, parts, tools, accessories and services to the electric utility transmission and distribution, telecommunications and rail markets in North America, with a differentiated 'one-stop-shop' business model. The Company offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets, including electric lines, telecommunications networks and rail systems. The Company's coast-to-coast rental fleet of more than 10,000 units includes aerial devices, boom trucks, cranes, digger derricks, pressure drills, stringing gear, hi-rail equipment, repair parts, tools and accessories. For more information, please visit
Yahoo
14-05-2025
- Business
- Yahoo
CTOS Q1 Earnings Call: Revenue Miss Offset by Optimism for Full Year Growth
Heavy equipment distributor Custom Truck One Source (NYSE:CTOS) fell short of the market's revenue expectations in Q1 CY2025 as sales rose 2.7% year on year to $422.2 million. On the other hand, the company's full-year revenue guidance of $2.02 billion at the midpoint came in 2.1% above analysts' estimates. Its non-GAAP loss of $0.08 per share was 67% below analysts' consensus estimates. Is now the time to buy CTOS? Find out in our full research report (it's free). Revenue: $422.2 million vs analyst estimates of $435.5 million (2.7% year-on-year growth, 3% miss) Adjusted EPS: -$0.08 vs analyst expectations of -$0.05 (67% miss) Adjusted EBITDA: $73.43 million vs analyst estimates of $78.2 million (17.4% margin, 6.1% miss) The company reconfirmed its revenue guidance for the full year of $2.02 billion at the midpoint EBITDA guidance for the full year is $380 million at the midpoint, above analyst estimates of $375.9 million Operating Margin: 2.9%, down from 4.5% in the same quarter last year Free Cash Flow was -$56.3 million compared to -$89.93 million in the same quarter last year Backlog: $420.1 million at quarter end Market Capitalization: $1.03 billion Custom Truck One Source's first quarter results reflected mixed trends across its core end markets. Management emphasized that demand remained resilient in its rental segment, with CEO Ryan McMonagle highlighting a 13% year-over-year revenue increase in Equipment Rental Solutions (ERS) and record-high equipment on rent. However, the Truck and Equipment Sales (TES) segment experienced a slower start, only showing momentum late in the quarter. Management cited strong order flow and backlog growth as key supports for its outlook, while also acknowledging ongoing margin pressure due to product mix and industry-wide inventory improvements. Looking ahead, management reaffirmed its full-year revenue and EBITDA guidance, citing secular growth in electricity demand, ongoing federal infrastructure spending, and robust customer activity in core utility markets as drivers. CFO Christopher Eperjesy and CEO McMonagle stated that proactive inventory management and supplier strategies are expected to mitigate the impact of tariffs and regulatory shifts. However, management expressed caution regarding macroeconomic uncertainty and noted that inventory reduction will be weighted toward the second half of the year. Custom Truck One Source's management attributed the quarter's performance to continued rental demand, increased backlog, and proactive inventory moves in response to tariffs and regulatory shifts. Rental Demand Resilience: The ERS segment posted strong year-over-year revenue growth and utilization rates, driven by sustained activity among utility contractors and robust demand for fleet rentals. Backlog and Order Growth: TES segment backlog increased by 14% and net orders grew over 220% year-over-year, with record sales in March and positive order trends continuing into Q2, signaling improving sales momentum. Tariff Mitigation Strategies: Management detailed steps to manage exposure to changing U.S. tariffs, including pulling forward inventory purchases and working with suppliers to secure favorable pricing or shift production to the U.S. where practical. Segment Margin Pressures: TES and Aftermarket Parts and Service (ATS) segments saw gross margin compression due to product mix and higher material costs; management anticipates margin normalization later in the year as inventory and sales mix stabilize. Inventory and Cash Flow Focus: Inventory levels rose as part of a tactical response to external risks, but management plans for reductions in the second half of the year to support free cash flow and leverage targets. Management's outlook for 2025 is centered around sustained demand in core utility markets, proactive risk mitigation, and ongoing investment in fleet and inventory management. Utility Market Strength: Secular trends in electricity demand and infrastructure spending are expected to drive continued activity in the ERS segment, supporting both rental and sales growth. Tariff and Regulation Response: Strategies to manage tariff impacts and regulatory changes, including inventory pulls and supplier engagement, are designed to limit cost inflation and operational disruption. Cash Flow and Leverage Discipline: The company expects to reduce inventory in the second half of the year, which management believes will support positive free cash flow generation and progress toward its leverage reduction goals. Nicole Sheree (Deutsche Bank): Asked about the drivers of anticipated revenue acceleration. CEO McMonagle cited strong ERS demand and a growing TES backlog as supportive factors for improved performance in later quarters. Nicole Sheree (Deutsche Bank): Inquired about the impact of potential infrastructure project pauses. Management stated they have not seen delays reflected in customer orders or backlog, and highlighted customers' ability to pivot between rental and purchase. Tami Zakaria (JPMorgan): Sought clarification on tariff-related inventory moves. CEO McMonagle explained that forward inventory purchases were focused on mitigating expected chassis price increases and that supplier relationships are key to managing cost impacts. Tami Zakaria (JPMorgan): Asked about the timing of inventory reduction. Management replied that most reductions are expected in the second half of the year, following current elevated inventory levels. Brian Brophy (Stifel): Questioned rental rate trends and TES margin outlook. CFO Eperjesy indicated rental rates remain stable and that TES margins are expected to remain within the 15–18% range, with improvement projected as the year progresses. In the coming quarters, the StockStory team will monitor (1) whether Custom Truck One Source can maintain high utilization and order flow in ERS and TES, (2) signs of margin stabilization as inventory and product mix normalize, and (3) the company's progress in reducing inventory and net leverage as planned. The impact of evolving U.S. tariff and regulatory policies will also be a key area of focus. Custom Truck One Source currently trades at a forward P/E ratio of 63.8×. At this valuation, is it a buy or sell post earnings? Find out in our free research report. Donald Trump's victory in the 2024 U.S. Presidential Election sent major indices to all-time highs, but stocks have retraced as investors debate the health of the economy and the potential impact of tariffs. While this leaves much uncertainty around 2025, a few companies are poised for long-term gains regardless of the political or macroeconomic climate, like our Top 9 Market-Beating Stocks. This is a curated list of our High Quality stocks that have generated a market-beating return of 176% over the last five years. Stocks that made our list in 2020 include now familiar names such as Nvidia (+1,545% between March 2020 and March 2025) as well as under-the-radar businesses like the once-small-cap company Exlservice (+354% five-year return). Find your next big winner with StockStory today. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
