Custom Truck One Source Reports Strong Q1 Earnings with Revenue and EBITDA Growth
Custom Truck One Source (CTOS) reported strong Q1 2026 results with $462 million in revenue and $98 million in Adjusted EBITDA, up 9% and 33% YoY, respectively. The company raised its full-year Adjusted EBITDA guidance and emphasized deleveraging efforts, targeting net leverage below 4x by year-end. The performance was driven by Specialty Equipment Rentals and improved rental fundamentals in T&D utility markets.
Topics: deleveraging earnings EBITDA guidance rental business revenue T&D utility markets