Custom Truck One Source 3Q 2026: Revenue $495.22M, EPS $0.01— 10-Q Summary

What happened

Custom Truck One Source reported third-quarter 2026 revenue of $495.22 million, up 2.7% from a year earlier. Net income was $2.31 million versus a $5.76 million loss, and diluted earnings per share were $0.01 versus a $0.03 loss.

Confirmed

Global impact / market context

The swing to profit shows the company earned more than it spent in the quarter, helped by rental revenue growth over nine months. For investors, returning to profit after a loss suggests the business is stabilizing, though equipment sales fell and some deliveries slipped.

Analyst inference

Rental revenue rose 19.4% over nine months as fleet use and the average original equipment cost on rent improved, which means rented trucks earned more. Management put production toward fleet additions to meet rental demand, while a $341.9 million order backlog points to future sales.

Analyst inference

What to watch

1. Vendor recall issues and hail damage delayed more than $20 million in equipment deliveries from the third quarter into the fourth quarter, so watch whether those sales are completed as rescheduled. Confirmed
2. Watch rental revenue and fleet utilization trends, since nine-month rental revenue rose 19.4% and management directed production toward fleet additions to address current and anticipated rental demand. Analyst inference
3. Track the sales order backlog of $341.9 million, up 22.2%, to see whether stronger orders for customized and stock equipment convert into revenue and offset the 3.4% decline in third-quarter equipment sales. Proposed

Evidence

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