CTOS earnings for the three months ended September 30, 2026 showed a return to profit as rental revenue strengthened. Custom Truck One Source reported revenue of $495.2 million, compared with $482.1 million a year earlier, and net income of $2.3 million versus a $5.8 million loss. The company disclosed the results in its October 26, 2026 quarterly filing.
Key Takeaways
- Rental revenue rose to $152.7 million from $127.1 million a year earlier.
- Operating income increased, but quarterly interest expense remained substantial.
- The return to net profit followed a loss in the corresponding 2025 quarter.
CTOS earnings reflect stronger rental revenue
Rental revenue grew more strongly than total revenue, making rentals the principal contributor to the quarter’s sales improvement. The rental business generated $152.7 million, compared with $127.1 million in the third quarter of 2025.
Custom Truck supplies specialty equipment to utility, telecommunications and other infrastructure-related customers. Its activities include equipment rentals, truck and equipment sales, and aftermarket parts and services, giving it revenue streams beyond new equipment purchases.
| Item | Details |
|---|---|
| Reporting period | Three months ended September 30, 2026 |
| Quarterly filing date | October 26, 2026 |
| Net result | $2.3 million profit |
| Interest expense | $37.1 million |
Interest costs remain significant despite profit recovery
Operating income rose to $38.1 million from $32.6 million a year earlier. However, interest expense of $37.1 million was close to the quarter’s operating income, highlighting the financing burden alongside the improvement in operating performance.
The company’s third-quarter 2025 results announcement provides the prior-year baseline: revenue of $482.1 million and a net loss of $5.8 million. Those historical results are distinct from the September 2026 quarter and do not represent current guidance.
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