Custom Truck One Source | 10-Q: FY2025 Q3 Revenue Misses Estimate at USD 482.06 M

Revenue: As of FY2025 Q3, the actual value is USD 482.06 M, missing the estimate of USD 492.42 M.

EPS: As of FY2025 Q3, the actual value is USD -0.03, missing the estimate of USD -0.0241.

EBIT: As of FY2025 Q3, the actual value is USD 33.5 M.

Equipment Rental Solutions (ERS) Segment

• Revenue: $169.1 million for the three months ended September 30, 2025, compared to $150.9 million for the same period in 2024, an increase of 12.1%.
• Cost of Revenue: $118.8 million for the three months ended September 30, 2025, compared to $108.4 million for the same period in 2024, an increase of 9.7%.
• Gross Profit: $50.3 million for the three months ended September 30, 2025, compared to $42.5 million for the same period in 2024, an increase of 18.2%.

Truck and Equipment Sales (TES) Segment

• Revenue: $275.4 million for the three months ended September 30, 2025, compared to $259.9 million for the same period in 2024, an increase of 6.0%.
• Cost of Revenue: $234.0 million for the three months ended September 30, 2025, compared to $218.0 million for the same period in 2024, an increase of 7.4%.
• Gross Profit: $41.4 million for the three months ended September 30, 2025, compared to $41.9 million for the same period in 2024, a decrease of 1.2%.

Aftermarket Parts and Services (APS) Segment

• Revenue: $37.5 million for the three months ended September 30, 2025, compared to $36.4 million for the same period in 2024, an increase of 3.0%.
• Cost of Revenue: $28.4 million for the three months ended September 30, 2025, compared to $29.0 million for the same period in 2024, a decrease of 2.0%.
• Gross Profit: $9.1 million for the three months ended September 30, 2025, compared to $7.4 million for the same period in 2024, an increase of 22.9%.

Cash Flow

• Operating Cash Flow: $262.8 million for the nine months ended September 30, 2025, compared to $39.9 million for the same period in 2024.
• Investing Cash Flow: -$233.8 million for the nine months ended September 30, 2025, compared to -$164.9 million for the same period in 2024.
• Financing Cash Flow: -$19.7 million for the nine months ended September 30, 2025, compared to $122.8 million 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 demand in the utility market for transmission and distribution jobs.
• Non-Core Business: The company is evaluating the potential impact of recent tax legislation on its financial statements and operations.