Custom Truck misses Q3 revenue expectations, reaffirms 2025 revenue forecast

Custom Truck One Source

27/10/2025 20:22

Overview

Custom Truck Q3 revenue grows 7.8% yr/yr but misses analyst expectations

Adjusted EBITDA for Q3 beats estimates, increasing by 19.6% yr/yr

Company reaffirms 2025 revenue and Adjusted EBITDA guidance

Outlook

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

Company expects double-digit growth in 2025 revenue and adjusted EBITDA

Custom Truck plans additional $50 mln investment in rental fleet

Result Drivers

CORE UTILITY MARKETS - Strong demand in core utility markets drove revenue growth, per CEO Ryan McMonagle

ERS SEGMENT GROWTH - Significant growth in average OEC on rent and fleet utilization in ERS segment contributed to revenue increase

VOCATIONAL VEHICLE DEMAND - Robust demand for vocational vehicles boosted TES segment revenue by 6%

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$482.10 mln
$492.12 mln (6 Analysts)
Q3 Net Income
-$5.80 mln
Q3 Adjusted EBITDA
Beat
$96 mln
$93.19 mln (6 Analysts)
Q3 Adjusted Gross Profit
$155.50 mln
Q3 Gross Profit
$100.80 mln


Press Release: ID:nBw3HVfbga

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(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.)