Custom Truck One Source(US:CTOS)2023-03-16 19:25Financial Performance Highlights - Record quarterly revenue of $487 million, a 37% increase compared to pro forma Q4 2021[35] - Adjusted Gross Profit reached $169 million, a 35% increase compared to pro forma Q4 2021[35] - Adjusted EBITDA reached $124 million, a 30% increase compared to pro forma Q4 2021[35] - Full year 2022 revenue was $1.57 billion, a 6% increase compared to pro forma 2021[147] - Full year 2022 Adjusted Gross Profit was $555 million, an 18% increase compared to pro forma 2021[147] - Full year 2022 Adjusted EBITDA was $393 million, an 18% increase compared to pro forma 2021[147] Segment Performance - Equipment Rental Solutions (ERS) revenue increased 35% compared to Q3 2022[21] - Truck & Equipment Sales (TES) revenue increased 42% compared to Q3 2022[21] - Aftermarket Parts & Service (APS) revenue increased 8% compared to Q3 2022[21] Balance Sheet and Outlook - Net capital expenditures were $46 million in Q4 2022[24] - New sales backlog grew by $45 million, or 6%, in Q4 2022, reaching $754 million[22, 35] - The company expects consolidated revenue between $1.61 billion and $1.73 billion for FY2023, representing a 2% to 10% growth[85]