Custom Truck One Source, Inc. ( (CTOS) ) has released its Q2 earnings. Here is a breakdown of the information Custom Truck One Source, Inc. presented to its investors.
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Custom Truck One Source, Inc., a prominent provider of specialty equipment for sectors such as electric utility, telecom, and rail, offers a comprehensive range of products and services across North America.
In its latest earnings report for the second quarter of 2025, Custom Truck One Source, Inc. announced a significant revenue increase of 20.9% year-over-year, reaching $511.5 million. Despite a net loss of $28.4 million, the company saw improvements in gross profit and adjusted EBITDA, reflecting robust demand across its segments.
The company’s Equipment Rental Solutions (ERS) segment demonstrated strong performance with a 17% increase in rental revenue and a notable 40% rise in rental asset sales. The Truck and Equipment Sales (TES) segment also saw a 22% increase in sales, driven by high demand for vocational vehicles. Meanwhile, the Aftermarket Parts and Services (APS) segment experienced a modest revenue increase of 2.6%.
Looking forward, Custom Truck One Source, Inc. reaffirms its 2025 guidance, anticipating continued growth driven by favorable market conditions, including data center investments and utility grid upgrades. The company remains optimistic about its potential for double-digit revenue and adjusted EBITDA growth throughout the year.