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Custom Truck One Source Q3 Earnings: Revenue Miss, Strong Demand, and Strategic Investments
ByAinvest
Monday, Nov 3, 2025 1:21 pm ET1min read
Custom Truck One Source's Q3 revenue fell short of expectations, but CEO Ryan McMonagle remains optimistic about achieving growth targets in 2025. The company cited strong demand from utility and transmission & distribution markets, as well as solid execution in Equipment Rental Solutions and Truck & Equipment Sales segments. Rental fleet utilization rates reached a two-year high, and strategic investments in rental fleet capacity were highlighted. Analyst questions focused on visibility into 2026 momentum, inventory reduction, execution capabilities, and potential impacts from project pauses.
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