EXHIBIT 99.1 Custom Truck One Source, Inc. Reports Third Quarter 2024 Results and Updates Full-Year Guidance KANSAS CITY, Mo, October 30, 2024 – (BUSINESS WIRE) – Custom Truck One Source, Inc. (NYSE: CTOS), a leading provider of specialty equipment to the electric utility, telecom, rail, forestry, waste management and other infrastructurerelated end markets, today reported financial results for the three and nine months ended September 30, 2024. CTOS Third-Quarter Highlights • Total revenue of $447.2 millio ...

Custom Truck One Source, Inc. (NYSE:CTOS) Q2 2024 Earnings Conference Call August 2, 2024 5:00 PM ET Company Participants Brian Perman - VP, IR Ryan McMonagle - CEO Chris Eperjesy - CFO Conference Call Participants Justin Hauke - Robert W. Baird Tami Zakaria - JPMorgan Michael Shlisky - D.A. Davidson Brian Brophy - Stifel Nicole DeBlase - Deutsche Bank Operator Ladies and gentlemen, thank you for standing by and welcome to Custom Truck One Source's Second Quarter 2024 Earnings Conference Call. Please note, ...

Custom Truck One Source 2nd Quarter 2024 Investor Presentation August 1, 2024 CONFIDENTIAL DRAFT1 2 Safe Harbor This presentation includes certain financial measures that have not been prepared in a manner that complies with generally accepted accounting principles in the United States ("GAAP"), including, without limitation, Adjusted Gross Profit, Adjusted Gross Margin, EBITDA, Adjusted EBITDA and Pro Forma Adjusted EBITDA (collectively, the "non-GAAP financial measures"). These non-GAAP financial measures ...

Custom Truck One Source, Inc. (CTOS) came out with a quarterly loss of $0.10 per share versus the Zacks Consensus Estimate of a loss of $0.01. This compares to earnings of $0.05 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -900%. A quarter ago, it was expected that this company would post a loss of $0.01 per share when it actually produced a loss of $0.06, delivering a surprise of -500%. Over the last four quarters, the co ...

Table of Contents _______________________________ UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 _______________________________ FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2024 ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File Number: 001-38186 _______________________________ CUSTOM TRUCK ONE SOURC ...

EXHIBIT 99.1 Custom Truck One Source, Inc. Reports Second Quarter 2024 Results and Updates Full-Year Guidance KANSAS CITY, Mo, August 1, 2024 – (BUSINESS WIRE) – Custom Truck One Source, Inc. (NYSE: CTOS), a leading provider of specialty equipment to the electric utility, telecom, rail, forestry, waste management and other infrastructurerelated end markets, today reported financial results for its three and six months ended June 30, 2024. CTOS Second-Quarter Highlights • Total revenue of $423.0 million, a d ...

The market expects Custom Truck One Source, Inc. (CTOS) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 1, 2024, might help the stock move higher if these k ...

Custom Truck One Source, Inc. (NYSE:CTOS) Q1 2024 Earnings Conference Call May 2, 2024 5:00 PM ET Company Participants Brian Perman - Vice President of Investor Relations Ryan McMonagle - Chief Executive Officer Chris Eperjesy - Chief Financial Officer Conference Call Participants Justin Hauke - Baird Tami Zakaria - JPMorgan Michael Shlisky - DA Davidson and Company Operator Ladies and gentlemen, thank you for standing by and welcome to Custom Truck One Source's First Quarter 2024 Earnings Conference Call. ...

o More than 300 technicians located throughout our branches o 90+ mobile technicians capable of being deployed across the country • Opportunity remains to invest in underserved regions o Pacific Northwest o Northern California o NY/NJ Metro o Carolinas • Targeting several additional sites over the next few years 10 Our ESG Strategy 11 • We issued our inaugural ESG report last July • Our ESG plan is driven by our shared Purpose, Vision and Values • We are committed to staying at the forefront of technologica ...

Financial Performance - Total revenue for the three months ended March 31, 2024, was $411.3 million, a decrease of 9.1% compared to $452.2 million in the same period of 2023 [156]. - Rental revenue decreased by 10.2% to $106.2 million, down from $118.3 million in Q1 2023, attributed to lower utilization and a decline in average OEC on rent [156]. - Equipment sales fell by 9.5% to $272.6 million in Q1 2024, compared to $301.3 million in Q1 2023, primarily due to excess supply of used equipment in the market [156]. - Gross profit for the three months ended March 31, 2024, was $90.7 million, down from $109.7 million in the same period of 2023, reflecting a decrease of 17.4% [156]. - Operating income fell by 53.9% to $18.4 million, down from $39.9 million in the same period last year [189]. - Net income (loss) for the three months ended March 31, 2024, was $(14.3) million, a significant decline from a profit of $13.8 million in the same period of 2023 [171]. - Adjusted EBITDA decreased by 26.4% to $77.4 million for the three months ended March 31, 2024, compared to $105.2 million in Q1 2023 [171]. - Net cash used in operating activities was $14.4 million for the three months ended March 31, 2024, compared to net cash provided of $3.9 million in the same period in 2023 [173]. - Interest expense increased by 11.9% to $25.0 million in Q1 2024, compared to $22.4 million in Q1 2023 [171]. - Income tax benefit for the three months ended March 31, 2024, was $1.9 million, resulting in an effective tax rate of (12.0)% [186]. Operational Metrics - As of March 31, 2024, the rental fleet consists of approximately 10,300 units, which can be utilized across various end-markets [129]. - Fleet utilization decreased to 73.3% in Q1 2024 from 83.6% in Q1 2023, indicating a decline in demand in the utility market [162]. - Average OEC on rent decreased by 12.2% year-over-year, primarily due to lower utilization in the quarter [162]. - The sales order backlog decreased by 37.2% to $537.3 million compared to $855.0 million in the same period of 2023 [160]. - Rental invoiced revenue was $5,412,000 for the three months ended March 31, 2024, compared to $7,178,000 in the same period of 2023 [198]. Related Party Transactions - Total revenues from transactions with related parties for the three months ended March 31, 2024, were $3,677,000, compared to $8,455,000 in 2023 [141]. - Expenses incurred from transactions with related parties included in cost of revenue were $466,000 for the three months ended March 31, 2024 [141]. - Accounts receivable from related parties increased to $1,904,000 as of March 31, 2024, from $695,000 on December 31, 2023 [141]. Debt and Cash Management - Net leverage ratio increased to 3.79 as of March 31, 2024, compared to 3.53 as of December 31, 2023 [172]. - As of March 31, 2024, the company's consolidated total debt ratio was not greater than 5.00 to 1.00, allowing for unlimited dividends under the Indenture [196]. - Cash and cash equivalents decreased by $2.3 million to $8.0 million from December 31, 2023 [199]. - Net cash used in investing activities was $33.4 million for the three months ended March 31, 2024, down from $39.9 million in the same period of 2023 [200]. - The decrease in cash used in investing activities was primarily due to a $33.6 million reduction in purchases of rental equipment [200]. Risk Management - The company faces risks including increases in labor costs, competition in the equipment dealership and rental industries, and disruptions in the supply chain [119]. - The company continues to manage risks from fluctuations in interest rates through derivative financial instruments [221]. - The company is monitoring global legislative activities related to the OECD's "Pillar Two" model rules, which introduce a global minimum tax of 15% effective January 1, 2024 [134]. Internal Controls and Compliance - The company identified control deficiencies related to information technology general controls (ITGCs) impacting financial reporting [224]. - Remediation efforts for the material weakness in internal controls have been ongoing since fiscal year 2021, with some improvements noted in fiscal year 2023 [225]. - No changes to internal control over financial reporting occurred during the quarter ended March 31, 2024, that materially affected the controls [226]. - The company records a liability when it is probable that a liability has been incurred and the amount can be reasonably estimated, reviewing these provisions quarterly [135]. Other Financial Information - The company utilizes rental purchase options (RPOs) that provide customers with a buyout option at a known price, allowing flexibility between rental and purchase [129]. - Interest income for the three months ended March 31, 2024, was $2,742,000, compared to $3,428,000 in the same period of 2023 [198]. - Operating expenses increased by 3.7% to $72.3 million, primarily due to higher general and administrative expenses [185]. - The company has a net operating loss carryforward and disallowed interest deduction carryforward assets available to offset future taxable income [126].