Custom Truck One Source is a leading provider of specialized truck and equipment solutions, catering primarily to the utility, telecommunications, and rail industries
The company focuses on offering a diverse range of products, including customized trucks, trailers, and equipment designed for various applications. In addition to its robust inventory of vehicles and machinery, Custom Truck One Source also provides services such as repair and maintenance, ensuring that its clients have reliable and efficient solutions to meet their operational needs. By combining a vast selection of equipment with tailored customer support, the company aims to enhance productivity and safety for its clients across multiple sectors.
Heavy equipment distributor Custom Truck One Source (NYSECTOS) fell short of the market’s revenue expectations in Q4 CY2024, with sales flat year on year at $520.7 million. On the other hand, the company’s full-year revenue guidance of $2.02 billion at the midpoint came in 8.3% above analysts’ estimates. Its GAAP profit of $0.12 per share was significantly above analysts’ consensus estimates.
The end of the earnings season is always a good time to take a step back and see who shined (and who not so much). Let’s take a look at how specialty equipment distributors stocks fared in Q3, starting with Richardson Electronics (NASDAQRELL).
Custom Truck One Source trades at $5.18 per share and has stayed right on track with the overall market, gaining 11.4% over the last six months while the S&P 500 has returned 10.9%.
Wrapping up Q3 earnings, we look at the numbers and key takeaways for the specialty equipment distributors stocks, including Custom Truck One Source (NYSECTOS) and its peers.
Truck and heavy equipment distributor Custom Truck One Source (NYSECTOS) met Wall Street’s revenue expectations in Q3 CY2024, with sales up 3% year on year to $447.2 million. The company’s outlook for the full year was also close to analysts’ estimates with revenue guided to $1.85 billion at the midpoint. Its GAAP loss of $0.07 per share was 141% below analysts’ consensus estimates.
CTOS stock results show that Custom Truck One Source missed analyst estimates for earnings per share and missed on revenue for the first quarter of 2024.
Shares of Marvell Technology, Inc. (NASDAQMRVL) fell sharply during Friday’s session after the company reported fourth-quarter financial results and issued weak Q1 guidance.
CTOS stock results show that Custom Truck One Source missed analyst estimates for earnings per share but beat on revenue for the fourth quarter of 2023.
