Custom Truck One Source, Inc. (CTOS) Tops Q4 EPS by 2c, Offers Guidance

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Go back to Custom Truck One Source, Inc. (CTOS) Tops Q4 EPS by 2c, Offers Guidance

Custom Truck One Source, Inc. Reports Record Results for the Fourth-Quarter and Full-Year 2022

March 14, 2023 4:15 PM EDT

KANSAS CITY, Mo.--(BUSINESS WIRE)-- Custom Truck One Source, Inc. (NYSE: CTOS), a leading provider of specialty equipment to the electric utility, telecom, rail, and other infrastructure-related end markets, today reported financial results for the fourth quarter and full year ended December 31, 2022.

CTOS Fourth-Quarter and Full-Year Highlights

Total quarterly revenue of $486.7 million and annual revenue of $1,573.1 million, driven primarily by growth and continued strong demand from our end markets Quarterly gross profit improvement of $50.4 million, or 64.7%, to $128.3 million compared to $77.9 million for fourth quarter 2021 Full-year gross... More