NYSE:CTOS

Custom Truck One Source, Inc. Reports First Quarter 2024 and Updates Full-Year Guidance

Retrieved on: 
Thursday, May 2, 2024
Telecommunications, Utilities, Energy, Rail, Technology, Automotive Manufacturing, Transport, Manufacturing, APS, TES, Depreciation, Environment, Average, OEC, ERS, Growth, Video game

In the first quarter of 2024, total revenue was $411.3 million, a decrease of 9.0% from the first quarter of 2023.

Key Points: 
  • In the first quarter of 2024, total revenue was $411.3 million, a decrease of 9.0% from the first quarter of 2023.
  • In our ERS segment, rental revenue in the first quarter of 2024 was $103.3 million compared to $113.8 million in the first quarter of 2023, a 9.2% decrease.
  • Gross profit improved by 26.5% to $43.2 million in the first quarter of 2024 compared to $34.1 million in the first quarter of 2023.
  • Gross profit margin decreased to 22.9% in the first quarter of 2024 from 25.0% in the first quarter of 2023.

Custom Truck One Source Opens New Location in Utah to Meet Growing Demand

Retrieved on: 
Monday, April 29, 2024
Automotive Manufacturing, Automotive, Manufacturing, Other Transport, Trucking, Rail, Transport, Utilities, Other Manufacturing, Energy, Fleet Management, McMonagle, City, Telecommunications, Growth, Forestry

Custom Truck One Source, Inc. (NYSE: CTOS), a leading provider of sales, rental and service for specialized equipment, announced today the opening of a new location in Ogden, Utah.

Key Points: 
  • Custom Truck One Source, Inc. (NYSE: CTOS), a leading provider of sales, rental and service for specialized equipment, announced today the opening of a new location in Ogden, Utah.
  • The new facility will enhance Custom Truck's ability to offer its full range of equipment, parts and services to customers in the greater Salt Lake City market and broader Western region.
  • This location in Ogden, Utah, situated north of Salt Lake City, adds 10,000 square feet of space and five service bays to the Company’s national footprint.
  • "We are excited to open our new location in Ogden and expand our presence in this market," said Ryan McMonagle, CEO of Custom Truck.

Custom Truck One Source to Participate in the Oppenheimer 19th Annual Industrial Growth Conference

Retrieved on: 
Thursday, April 25, 2024
Technology, Manufacturing, Construction & Property, Rail, Transport, Utilities, Telecommunications, Other Manufacturing, Energy, Other Construction & Property, Machine Tools, Metalworking & Metallurgy, Conference

Custom Truck One Source, Inc. (NYSE: CTOS) today announced that Chief Executive Officer, Ryan McMonagle, and Chief Financial Officer, Chris Eperjesy, will participate in a fireside chat and meet with institutional investors at the Oppenheimer 19th Annual Industrial Growth Conference on Tuesday, May 7, 2024.

Key Points: 
  • Custom Truck One Source, Inc. (NYSE: CTOS) today announced that Chief Executive Officer, Ryan McMonagle, and Chief Financial Officer, Chris Eperjesy, will participate in a fireside chat and meet with institutional investors at the Oppenheimer 19th Annual Industrial Growth Conference on Tuesday, May 7, 2024.
  • The conference is taking place virtually.
  • A live webcast of the presentation will be available through the Company’s Investor Relations website at investors.customtruck.com .
  • A replay will be archived and available for 30 days following the conference on the same website.

Custom Truck One Source to Announce First Quarter 2024 Financial Results

Retrieved on: 
Thursday, April 18, 2024
Technology, Manufacturing, Construction & Property, Rail, Transport, Utilities, Telecommunications, Other Manufacturing, Energy, Machinery, Other Construction & Property, Webcast

Custom Truck One Source, Inc. (NYSE: CTOS) today announced it will release first quarter 2024 financial results after the market close on Thursday, May 2, 2024.

Key Points: 
  • Custom Truck One Source, Inc. (NYSE: CTOS) today announced it will release first quarter 2024 financial results after the market close on Thursday, May 2, 2024.
  • Management will discuss the results on a conference call at 5:00 p.m.
  • ET on Thursday, May 2, 2024.
  • ET, Thursday, May 9, 2024, by dialing 1-800-770-2030 or 1-609-800-9909 and entering passcode 2976854.

Custom Truck One Source Acquires the Business of A&D Maintenance and Repair, Expanding New York Footprint and Service Capabilities

Retrieved on: 
Wednesday, April 17, 2024
Automotive Manufacturing, Automotive, Technology, Manufacturing, Rail, Transport, Utilities, Telecommunications, Logistics, Supply Chain Management, Energy, Fleet Management, Acquisition, Knowledge

Custom Truck One Source, Inc. (NYSE: CTOS) proudly announces its acquisition of the business of A&D Maintenance and Repair.

Key Points: 
  • Custom Truck One Source, Inc. (NYSE: CTOS) proudly announces its acquisition of the business of A&D Maintenance and Repair.
  • Founded in 1986, A&D Maintenance is a family-owned, full-service repair facility located in Wyandanch, New York on Long Island.
  • “We are excited to join forces with the A&D Maintenance and Repair team and welcome them to Custom Truck One Source,” said Ryan McMonagle, CEO of Custom Truck.
  • A&D Maintenance has provided Custom Truck with high quality repair service in the past and we look forward to bringing their wealth of knowledge and experience to our team.

ContextLogic Announces Post-Closing Board of Directors and Management Team

Retrieved on: 
Tuesday, April 2, 2024
General counsel, UBS, SAN, Knowledge, Acquisition, Software, Wish (company), Bajaj, Special, Hand, Management

SAN FRANCISCO, April 02, 2024 (GLOBE NEWSWIRE) --  ContextLogic Inc. (d/b/a Wish) (NASDAQ: WISH) (“ContextLogic” or the “Company”) today announced that it will reconstitute its Board of Directors and management team upon completion of its pending transaction under which it will sell substantially all of its operating assets and liabilities, principally comprising its Wish ecommerce platform (the “Asset Sale”), to Qoo10 Pte. Ltd. (“Qoo10”). The transaction is expected to be completed in the second quarter of 2024.

Key Points: 
  • Upon closing, the reconstituted Board will comprise five directors, four of whom will be independent and newly appointed.
  • Rishi Bajaj, Founder, President and Chief Investment Officer at Altai Capital Management and current director at ContextLogic.
  • Bajaj joined the ContextLogic Board in November 2023 and played an active strategic role in structuring the Asset Sale.
  • At the same time, ContextLogic directors Tanzeen Syed, Julie Bradley, Larry Kutscher, Stephanie Tilenius, Hans Tung and Joe Yan will step down from the Board.

Custom Truck One Source Wins Capstone Real Estate Award

Retrieved on: 
Wednesday, April 3, 2024
Automotive, Manufacturing, Rail, Transport, Other Automotive, Utilities, Other Manufacturing, Energy, Machinery, Fleet Management, Machine Tools, Metalworking & Metallurgy, AK Steel Holding, Building, American City Business Journals, Family, Capstone, Part, Paint

Custom Truck One Source, Inc. (NYSE: CTOS) was recently recognized with a Capstone Award by the Kansas City Business Journal for the Company’s $35 million renovation of a 220,000-square-foot warehouse located on the former site of Kansas City’s Armco Steel plant, which is now part of Custom Truck’s 175-acre headquarter campus.

Key Points: 
  • Custom Truck One Source, Inc. (NYSE: CTOS) was recently recognized with a Capstone Award by the Kansas City Business Journal for the Company’s $35 million renovation of a 220,000-square-foot warehouse located on the former site of Kansas City’s Armco Steel plant, which is now part of Custom Truck’s 175-acre headquarter campus.
  • Custom Truck revamped the building to house its Fabrication & Crane Manufacturing; Paint & Powder Coating; and Parts, Tools and Accessories departments.
  • Since then, Custom Truck has grown from 250 employees and one location to a leading North American specialty truck and heavy equipment provider with more than 2,500 employees in nearly 40 facilities.
  • Custom Truck last won a Capstone award in 2019 for the renovation of a 119,000-square-foot production facility also from the early 1900s.

Custom Truck One Source Acquires the Business of SOS Fleet Services, LLC, Expanding Gulf States Footprint and Service Capabilities

Retrieved on: 
Monday, March 18, 2024
Automotive, Utilities, Manufacturing, Energy, Other Manufacturing, Fleet Management, Acquisition

Custom Truck One Source, Inc. (NYSE: CTOS) proudly announces its acquisition of the business of SOS Fleet Services, LLC, a full-service repair facility located in Alexandria, Louisiana.

Key Points: 
  • Custom Truck One Source, Inc. (NYSE: CTOS) proudly announces its acquisition of the business of SOS Fleet Services, LLC, a full-service repair facility located in Alexandria, Louisiana.
  • This acquisition brings over 30,000 square feet of space and a highly experienced team that will significantly enhance Custom Truck’s service footprint in the region.
  • Our new Alexandria branch is poised to offer the full breadth of Custom Truck’s rental product offering, as well as repair service, to customers in the area.
  • We are excited to welcome the SOS Fleet Services team to the Custom Truck family and look forward to the invaluable contributions they will make to our customers and our team."

Custom Truck One Source to Participate in the J.P. Morgan 2024 Industrials Conference

Retrieved on: 
Tuesday, March 5, 2024
Trucking, Aftermarket, Automotive, Other Automotive, General Automotive, Transport, Other Transport, Conference

Custom Truck One Source, Inc. (NYSE: CTOS) today announced that Chief Financial Officer, Chris Eperjesy, will present and meet with institutional investors at the J.P. Morgan 2024 Industrials Conference in New York City on Tuesday, March 12, 2024.

Key Points: 
  • Custom Truck One Source, Inc. (NYSE: CTOS) today announced that Chief Financial Officer, Chris Eperjesy, will present and meet with institutional investors at the J.P. Morgan 2024 Industrials Conference in New York City on Tuesday, March 12, 2024.
  • The presentation is scheduled to begin at 11:30 a.m.
  • A live audio-only webcast of the presentation will be available through the Company’s Investor Relations website at investors.customtruck.com .
  • A replay will be archived and available for 30 days following the conference on the same website.