Custom Truck One Source | 10-Q: FY2025 Q1 Revenue Misses Estimate at USD 422.23 M

LB filings
2025.04.30 20:18
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Revenue: As of FY2025 Q1, the actual value is USD 422.23 M, missing the estimate of USD 437.02 M.

EPS: As of FY2025 Q1, the actual value is USD -0.08.

EBIT: As of FY2025 Q1, the actual value is USD 62.64 M.

Equipment Rental Solutions (ERS) Segment

  • Revenue: $154,348,000 for the three months ended March 31, 2025, compared to $136,028,000 for the same period in 2024, representing a 13.5% increase.
  • Cost of Revenue: $110,719,000 for the three months ended March 31, 2025, compared to $96,595,000 for the same period in 2024, representing a 14.6% increase.
  • Gross Profit: $43,629,000 for the three months ended March 31, 2025, compared to $39,433,000 for the same period in 2024, representing a 10.6% increase.

Truck and Equipment Sales (TES) Segment

  • Revenue: $232,480,000 for the three months ended March 31, 2025, compared to $239,862,000 for the same period in 2024, representing a 3.1% decrease.
  • Cost of Revenue: $197,470,000 for the three months ended March 31, 2025, compared to $196,702,000 for the same period in 2024, representing a 0.4% increase.
  • Gross Profit: $35,010,000 for the three months ended March 31, 2025, compared to $43,160,000 for the same period in 2024, representing an 18.9% decrease.

Aftermarket Parts and Services (APS) Segment

  • Revenue: $35,404,000 for the three months ended March 31, 2025, compared to $35,417,000 for the same period in 2024, representing a negligible change.
  • Cost of Revenue: $28,507,000 for the three months ended March 31, 2025, compared to $27,301,000 for the same period in 2024, representing a 4.4% increase.
  • Gross Profit: $6,897,000 for the three months ended March 31, 2025, compared to $8,116,000 for the same period in 2024, representing a 15.0% decrease.

Cash Flow

  • Net Cash Flow from Operating Activities: $55,635,000 for the three months ended March 31, 2025, compared to -$14,375,000 for the same period in 2024.
  • Net Cash Flow for Investing Activities: -$71,306,000 for the three months ended March 31, 2025, compared to -$33,411,000 for the same period in 2024.
  • Net Cash Flow from Financing Activities: $17,196,000 for the three months ended March 31, 2025, compared to $45,495,000 for the same period in 2024.

Future Outlook and Strategy

  • Core Business Focus: The company plans to continue leveraging its rental fleet and sales capabilities to meet market demand, particularly focusing on increasing fleet utilization and managing inventory levels to optimize revenue generation.
  • Non-Core Business: The company is monitoring macroeconomic conditions and interest rate environments to adjust its sales strategies, particularly in the TES segment, where pricing pressures are noted.
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