Custom Truck One Source Reports Q1 Beat
Custom Truck One Source, Inc. (NYSE:CTOS) reported its Q1 earnings result, with EPS of $0.06 coming in better than the Street estimate of $0.03. Revenue was $452.2 million, beating the Street estimate of $393.41 million.
The company highlighted demand remains strong and alluded to meaningful continuing improvements in the supply chain.
Q1/23 Equipment Rental Solutions (ERS) segment revenue grew 25% year-over-year as utilization/equipment on rent/rental yield all improved via strong demand. Q1 Truck and Equipment Sales (TES) segment revenue grew 25% year-over-year as supply chain constraints waned and backlog increased 46% year-over-year.
| Symbol | Price | %chg |
|---|---|---|
| SKRN.JK | 432 | -0.46 |
| ASSA.JK | 725 | -4.83 |
| SMIL.JK | 210 | -0.95 |
| 089860.KS | 34600 | -1.16 |
Custom Truck One Source Reports Q1 Beat
Custom Truck One Source, Inc. (NYSE:CTOS) reported its Q1 earnings result, with EPS of $0.06 coming in better than the Street estimate of $0.03. Revenue was $452.2 million, beating the Street estimate of $393.41 million.
The company highlighted demand remains strong and alluded to meaningful continuing improvements in the supply chain.
Q1/23 Equipment Rental Solutions (ERS) segment revenue grew 25% year-over-year as utilization/equipment on rent/rental yield all improved via strong demand. Q1 Truck and Equipment Sales (TES) segment revenue grew 25% year-over-year as supply chain constraints waned and backlog increased 46% year-over-year.
