Custom Truck One Source raises 2026 EBITDA guidance and ramps up rental‑fleet investment
Custom Truck One Source reported third‑quarter 2026 adjusted EBITDA of $110.9 million and revenue of $495.22 million, with diluted EPS of $0.01. The company lifted its full‑year 2026 adjusted EBITDA target to $447.5 million‑$460 million and increased its net rental‑fleet investment range to $210 million‑$230 million. Management said the additional capex is aimed at capturing long‑duration utility rental demand and expects leverage to fall below 3 times in 2027.
Why it matters
The higher EBITDA guidance signals stronger earnings potential for 2026, which may support the stock price (the company expects adjusted EBITDA growth of 17%‑20%). The larger fleet‑investment plan reduces near‑term free‑cash‑flow expectations, shifting cash generation to later years.
Key facts
- 1Q3 2026 adjusted EBITDA was $110.9 million, up 15.6% YoY. tradingview.com
- 2Q3 2026 revenue was $495.22 million, up 2.7% YoY. tradingview.com
- 3Diluted EPS for the quarter was $0.01. investing.com
- 4Net leverage declined to 3.7 times. tradingview.com
- 52026 adjusted EBITDA guidance was raised to $447.5 million‑$460 million. seekingalpha.com
- 6Net rental‑fleet investment for 2026 was increased to $210 million‑$230 million. finance.yahoo.com
Summary written by AlphAI AI Desk from 5 of 5 sources. Not investment advice. Figures are as stated by the linked sources.