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Stock impact report

Custom Truck One Source, Inc. Reports Record Results for Full-Year 2023

Custom Truck One Source, Inc. (CTOS) 
Company Research Source: Business Wire
KANSAS CITY, Mo.--(BUSINESS WIRE)--Custom Truck One Source, Inc. (NYSE: CTOS), a leading provider of specialty equipment to the electric utility, telecom, rail, and other infrastructure-related end markets, today reported financial results for the fourth quarter and full year ended December 31, 2023.CTOS Fourth-Quarter and Full-Year HighlightsTotal quarterly revenue of $521.8 million and annual revenue of $1,865.1 million, as a result of continued strong demand across our end marketsQuarterly gross profit of $126.8 million, a decrease of $1.5 million, or 1.2%, compared to $128.3 million for fourth quarter 2022 and annual gross profit of $454.3 million, an increase of $70.5 million, or 18.4%, compared to $383.7 million for 2022Adjusted gross profit increased 1.2% to $171.1 million compared to $169.1 million for fourth quarter 2022 and annual adjusted gross profit of $624.9 million, an increase of $69.5 million or 12.5%, compared to $555.5 million for 2022Quarterly net income decrea Show less Read more
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