CTOS Raises 2026 Guidance After Record Q2 Revenue, EBITDA Jumps 25%
CTOS has more than doubled off its 52-week low of $5.18.
Summary
Custom Truck One Source reported record Q2 revenue of $563.4M, up 10.2% year-over-year, driven by sustained strength in transmission and distribution end markets. Adjusted EBITDA surged 25% to $116.8M, and the company swung to a net profit of $10.4M from a loss a year ago. Management raised full-year 2026 revenue guidance to $2.1B-$2.2B (from $2.005B-$2.12B) and Adjusted EBITDA to $437.5M-$455M (from $415M-$440M), citing robust demand and record rental fleet OEC. Net leverage improved to 3.85x, crossing below 4.0x for the first time. The midpoint of new EBITDA guidance implies ~7% growth over prior expectations, signaling accelerating momentum in core infrastructure markets.
At the time of this announcement, CTOS was trading at $11.40 on NYSE in the Trade & Services sector, with a market capitalization of approximately $2.4B. The 52-week trading range was $5.18 to $12.23. This news item was assessed with positive market sentiment and an importance score of 8 out of 10. Source: Dow Jones Newswires.