KANSAS CITY, Mo., March 10, 2022 /PRNewswire/ Custom Truck One Source, Inc. , a leading provider of specialty equipment to the electric utility, telecom, rail and other. | March 10, 2022
Fourth Quarter Highlights
- Total revenue increased 7.8% to $83.3 million
- Equipment Rental and Sales (ERS) segment revenue increased 7.3% to $65.2 million
- Parts, Tools and Accessories (PTA) segment revenue increased 9.6% to $18.0 million
- Adjusted EBITDA decreased 9.2% to $32.3 million
- Net loss of $7.3 million compared to net income of $3.1 million
- Free cash flow increased to $28.5 million from negative $2.6 million
- Announced acquisition of Custom Truck to create industry-leading specialty equipment rental platform with a combined fleet of 8,800 units and more than $1.3 billion in original equipment cost
Full Year 2020 Highlights
- Total revenue increased 14.7% to $302.7 million
- Equipment Rental and Sales (ERS) segment revenue increased 9.1% to $236.6 million