Custom Truck One Source, Inc. has announced its financial results for the third quarter of 2026, showcasing significant growth and an optimistic outlook for the remainder of the year. The company reported a revenue increase of 2.7% compared to the same period last year, driven by strong performance in its rental segment.
On October 26, 2026, Custom Truck One Source, Inc. (NYSE: CTOS) revealed its financial results for the quarter ending September 30, 2026. The company reported total revenue of $495.2 million, which is an increase of $13.2 million from the previous year. This growth is attributed to a 20.1% rise in rental revenue, despite over $20 million in third-party deliveries being pushed to the fourth quarter.
Background
Custom Truck One Source, Inc. is a leading provider of specialty equipment in the equipment rental and leasing sector, specifically serving electric utility, telecom, rail, forestry, and waste management industries. The company operates under the Standard Industrial Classification (SIC) code 7359, which encompasses services related to equipment rental and leasing, not elsewhere classified. Custom Truck is listed on the New York Stock Exchange under the ticker CTOS and is categorized as an accelerated filer.
What the Filing Says
The filing indicates that on October 26, 2026, Custom Truck One Source issued a press release detailing its financial results for the third quarter. The company also provided an updated investor presentation on its website, which highlights its strategic focus on profitable growth and deleveraging.
"The company continues to benefit from grid modernization, electrification, data center, and infrastructure growth through disciplined execution focused on profitable growth and deleveraging," the press release stated.
Impact
This strong performance may affect various stakeholders, including investors, employees, and competitors in the equipment rental and leasing industry. The increase in revenue and adjusted EBITDA indicates a solid financial foundation that could attract further investment and enhance employee morale. Competitors may need to evaluate their strategies to keep pace with Custom Truck's growth and market positioning.
What's Next
The company has raised its full-year revenue guidance for its SER segment to between $870 million and $890 million, up from the previous range of $850 million to $875 million. This reflects continued strength in transmission and distribution end markets. Further updates on financial performance and strategic initiatives are expected in future filings.
Details were not available in the SEC filing regarding any upcoming votes or additional corporate actions.