Aug. 4 at 12:08 AM
Custom Truck One Source rose about 10% after hours after reporting Q2 2026 results that comfortably beat expectations on both earnings and revenue. Adjusted EPS came in at
$0.05, well above the
$0.01 consensus, while revenue reached a record
$563.4 million, topping the
$509.7 million estimate and rising roughly 10% year over year.
The company also raised its full-year 2026 revenue outlook to approximately
$2.1 billion, signaling confidence in continued demand for its specialty equipment rental and sales business. The quarter marked a significant turnaround from the
$0.02 per-share loss reported in Q1, reinforcing expectations that profitability is improving faster than anticipated.
The strong earnings beat, record revenue, and higher full-year guidance prompted investors to reprice the stock higher, pushing shares closer to the upper end of their 52-week trading range.
$CTOS