Custom Truck One Source, Inc. (CTOS) Q3 2024 Earnings Call Transcript Summary
Custom Truck One Source, Inc. (CTOS) Q3 2024 Earnings Call Transcript Summary
The Technical Equipment Solutions (TES) segment generated impressive revenue growth of 13% year-over-year, contributing significantly to the company's overall performance.The following is a summary of the Custom Truck One Source, Inc. (CTOS) Q3 2024 Earnings Call Transcript:
以下是Custom Truck One Source, Inc.（CTOS）2024年第三季度業績會議電話摘要：
Financial Performance:
金融業績：
Custom Truck One Source reported Q3 2024 revenue of $447 million with adjusted gross profit of $138 million and adjusted EBITDA of $80 million.
The Equipment Rental and Sales (ERS) segment of the company showed a year-over-year decline with $150 million in revenue for Q3 2024, decreased from $167 million in Q3 2023; however, rental revenue was up 5% sequentially.
The Technical Equipment Solutions (TES) segment generated impressive revenue growth of 13% year-over-year, contributing significantly to the company's overall performance.
Custom Truck One Source報告2024年第三季度營業收入爲44700萬美元，經調整毛利潤爲13800萬美元，調整後EBITDA爲8000萬美元。
公司的設備租賃與銷售（ERS）業務板塊顯示出年度下降趨勢，2024年第三季度營收爲15000萬美元，較2023年第三季度的16700萬美元有所下降；但是，租賃收入按季度上升5%。
技術設備解決方案（TES）板塊實現了驚人的13%年度營收增長，對公司整體業績做出了重大貢獻。
Business Progress:
業務進展：
The company noted an improvement in rental KPIs, and a robust demand across all four end markets: utility, infrastructure, rail, and telecom.
Significant sequential growth in rental revenue was noted; the OEC on rent improved sequentially and is now over $1.2 billion, the highest in over a year.
Custom Truck is committed to maintaining a strong investment in fleet updates to ensure readiness for continued customer demand, particularly with the upcoming challenges and opportunities presented by new emissions regulations.
公司注意到租賃關鍵績效指標的改善，以及四個終端市場（公用事業、基礎設施、鐵路和電信）出現的強勁需求。
租賃收入的顯着季度增長值得注意；租賃OEC按季度改善，目前超過12億美元，創下一年多來的最高點。
Custom Truck致力於大力投資更新車隊，以確保隨時應對持續的客戶需求，特別是面臨新的排放法規帶來的挑戰和機遇。
Opportunities:
機會：
There is a projected sharp increase in electricity demand due to AI-driven data center development, manufacturing onshoring, and electrification trends, providing a vital growth opportunity for the utility segment of Custom Truck.
The approval of federal infrastructure investment and JOBS Act funding is expected to continue enhancing demand in the TES segment.
由於人工智能驅動的idc概念發展、製造業的再度本地化和電氣化趨勢，預計電力需求將急劇增加，爲Custom Truck的公共事業部門提供重要的增長機遇。
聯邦制造行業法規投資和JOBS法案的通過預期將繼續提升TES板塊的需求。
Risks:
風險：
Custom Truck has noticed rate pressure impacting the on-rent yield in the rental business, driven by equipment mix and broader market conditions, indicating potential risks in rental profitability.
Regulatory changes, specifically upcoming chassis emission regulations from CARB and the EPA, although largely being prepared for, still pose a significant challenge and operational risk going forward.
Custom Truck已經注意到率壓影響租賃業務的在租收益，主要受到設備組合和更廣泛市場狀況驅動，顯示出租賃利潤的潛在風險。
法規變化，尤其是來自CARB和EPA即將實施的底盤排放法規，雖然在很大程度上做好了準備，但依然可能帶來重大挑戰和經營風險。
Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.
提示：如需更全面的詳情，請參閱投資人關係網站。本文僅供投資者參考，不作任何指引或建議。
譯文內容由第三人軟體翻譯。
