Custom Truck One Source posts Q3 earnings, misses revenue but raises full‑year EBITDA outlook

Custom Truck One Source reported third‑quarter 2026 revenue of $495.2 million, up 2.7% year‑over‑year but below consensus estimates. Adjusted earnings per share were $0.01, matching forecasts, while adjusted EBITDA reached $110.9 million. The company lifted its full‑year adjusted EBITDA guidance to a range of $447.5 million‑$460 million. Shares slipped modestly after the release.

Cantor Fitzgerald kept an Overweight rating with a $14.00 price target, citing the stronger EBITDA outlook. D.A. Davidson reiterated a Buy rating and a $13.00 price target, also pointing to the raised guidance.

  • 1Q3 2026 revenue was $495.2 million, a 2.7% increase from the prior year.
  • 2Adjusted earnings per share were $0.01, meeting analyst estimates.
  • 3Adjusted EBITDA for the quarter was $110.9 million, up 15.6% year‑over‑year.
  • 4Full‑year 2026 adjusted EBITDA guidance was raised to $447.5 million‑$460 million.
  • 5The consensus revenue estimate cited was $526.8 million.
  • 6The consensus revenue estimate cited was $516.58 million.
  • Two sources give different consensus revenue estimates: $526.8 million and $516.58 million.

Sources