Custom Truck One Source (NYSE:CTOS) Full Year 2024 Results

Key Financial Results

• Revenue: US$1.80b (down 3.4% from FY 2023).
• Net loss: US$28.7m (down by 157% from US$50.7m profit in FY 2023).
• US$0.12 loss per share (down from US$0.21 profit in FY 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Custom Truck One Source EPS Beats Expectations, Revenues Fall Short

Revenue missed analyst estimates by 1.2%. Earnings per share (EPS) exceeded analyst estimates by 39%.

The primary driver behind last 12 months revenue was the Truck and Equipment Sales (TES) segment contributing a total revenue of US$1.06b (59% of total revenue). Notably, cost of sales worth US$1.41b amounted to 78% of total revenue thereby underscoring the impact on earnings. The largest operating expense was General & Administrative costs, amounting to US$223.3m (53% of total expenses). Explore how CTOS's revenue and expenses shape its earnings.

Looking ahead, revenue is forecast to grow 6.3% p.a. on average during the next 2 years, compared to a 5.4% growth forecast for the Trade Distributors industry in the US.

Performance of the American Trade Distributors industry.

The company's shares are up 7.8% from a week ago.

Balance Sheet Analysis

While it's very important to consider the profit and loss statement, you can also learn a lot about a company by looking at its balance sheet. See our latest analysis on Custom Truck One Source's balance sheet health.

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