Custom Truck Q4 revenue misses estimates on deferred deliveries

Custom Truck One Source

10/03/2026 11:03

Overview

Specialty equipment provider's Q4 revenue rose 1.4% but missed analyst expectations

Adjusted EBITDA for Q4 beat analyst expectations, rising 18.4% yr/yr

Company's sales order backlog increased by $55.5 mln sequentially

Outlook

Custom Truck expects 2026 revenue to grow 3% to 9%

Adjusted EBITDA for 2026 is projected to rise 7% to 13%

Net rental fleet investment for 2026 expected at $150 mln to $170 mln

Result Drivers

ERS GROWTH - Rental revenue in ERS segment increased 13.5% due to improved fleet utilization and higher rental volume

TES REVENUE DECLINE - TES segment revenue fell 7.7% due to higher mid-year customer spending and deferred deliveries

APS REVENUE DROP - APS segment revenue decreased 8.5% due to softer demand for parts and services

Company press release: ID:nBwc4rbVXa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
Miss
$528.20 mln
$584.77 mln (6 Analysts)
Q4 EPS
$0.09
Q4 Net Income
$20.90 mln
Q4 Adjusted EBITDA
Beat
$120.70 mln
$115.62 mln (6 Analysts)

Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "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 $8.00, about 25.4% above its March 9 closing price of $6.38

The stock recently traded at 133 times the next 12-month earnings vs. a P/E of 219 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.)