Custom Truck One Source Posts Record Q1 Revenue, Boosts 2026 Adjusted EBITDA Outlook
CTOS has more than doubled off its 52-week low of $3.77.
Summary
Custom Truck One Source reported robust first-quarter 2026 results, achieving record revenue of $461.6 million, a 9.3% increase year-over-year, and a substantial 33.4% rise in Adjusted EBITDA to $98.0 million. The company also significantly improved its net loss. Building on this strong performance, CTOS raised its full-year 2026 Adjusted EBITDA guidance range to $415 million - $440 million, up from the previous $410 million - $435 million. This positive update reinforces the strong momentum seen in the company's 2025 results, driven by robust demand in its core electric utility and infrastructure-related end markets. Traders will view this as a strong confirmation of the company's growth trajectory and operational efficiency, potentially driving further upside given the stock is already near its 52-week high. Investors should monitor continued execution in T&D markets, progress on deleveraging, and the impact of ongoing infrastructure investments.
At the time of this announcement, CTOS was trading at $8.94 on NYSE in the Industrial Applications And Services sector, with a market capitalization of approximately $2B. The 52-week trading range was $3.77 to $8.98. This news item was assessed with positive market sentiment and an importance score of 9 out of 10. Source: Dow Jones Newswires.