Custom Truck One Source Q1 revenue beats on utility market demand

Custom Truck One Source

27/04/2026 21:19

Overview

US specialty equipment provider's Q1 revenue rose 9% yr/yr, beating analyst expectations

Adjusted EBITDA for Q1 grew 33% yr/yr, beating analyst expectations

Company raised 2026 Adjusted EBITDA guidance on strong utility market demand

Outlook

Custom Truck One Source raises 2026 Adjusted EBITDA guidance to $415 mln-$440 mln

Company expects 2026 revenue of $2,005 mln-$2,120 mln

Company anticipates 2026 Adjusted EBITDA growth of 8% to 15% year-over-year

Result Drivers

UTILITY MARKET DEMAND - Co said sustained demand in utility transmission and distribution markets drove performance, especially in the rental segment

HIGHER FLEET UTILIZATION - Improved average fleet utilization and increased average OEC on rent boosted rental revenue

FORESTRY VEHICLE DEMAND - STEM segment equipment sales rose due to demand for forestry vehicles

Company press release: ID:nBw23JrFQa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$461.60 mln
$447.86 mln (7 Analysts)
Q1 Net Income
-$4.10 mln
Q1 Adjusted EBITDA
Beat
$98 mln
$85.79 mln (7 Analysts)
Q1 Adjusted Gross Profit
$159.30 mln
Q1 Gross Profit
$103.10 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 1 "hold" and 1 "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 $8.25, about 5.6% below its April 24 closing price of $8.74

The stock recently traded at 120 times the next 12-month earnings vs. a P/E of 120 three months ago

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(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.)