Brief: Custom Truck One Source Q2 Revenue USD 511.5 Million Vs. IBES Estimate USD 461.1 Million

Custom Truck One Source

30/07/2025 21:10

Overview

Custom Truck Q2 revenue grows 20.9% yr/yr, beating analyst expectations, per LSEG data

Adjusted EBITDA for Q2 beats consensus, driven by increased gross profit

Co reaffirms 2025 guidance, citing strong demand across segments

Outlook

Custom Truck reaffirms 2025 revenue guidance of $1.97 bln to $2.06 bln

Company expects 2025 adjusted EBITDA between $370 mln and $390 mln

TES segment to see double-digit revenue growth in 2025

ERS rental fleet expected to grow by mid-single digits in 2025

Result Drivers

RENTAL REVENUE - Increased rental revenue driven by higher fleet utilization and average OEC on rent, per CEO Ryan McMonagle

VOCATIONAL VEHICLES DEMAND - "Robust" demand for vocational vehicles in TES segment, contributing to revenue growth

SECULAR TAILWINDS - Co expects to benefit from data center investments, electrification, and utility grid upgrades

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$511.50 mln
$461.10 mln (5 Analysts)
Q2 Net Income
-$28.40 mln
Q2 Adjusted EBITDA
Beat
$93.40 mln
$85.10 mln (5 Analysts)
Q2 Adjusted Gross Profit
$156.50 mln
Q2 Gross Profit
$102.50 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 2 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the auto vehicles, parts & service retailers peer group is "buy"

Wall Street's median 12-month price target for Custom Truck One Source Inc is $6.00, about 3.7% above its July 29 closing price of $5.78

The stock recently traded at 271 times the next 12-month earnings vs. a P/E of 247 three months ago

Press Release: ID:nBw7jmFVza

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)