Custom Truck One Source posts record Q2 revenue, raises full-year outlook

Custom Truck One Source Inc. reported record second‑quarter 2026 revenue of $563 million, up about 10% year over year, and adjusted earnings of $0.05 per share, beating consensus estimates by $0.04. The company lifted its 2026 revenue guidance to $2.1‑$2.2 billion and raised its adjusted EBITDA outlook. CEO Ryan McMonagle said the firm is in the early stage of a long‑lasting transmission‑demand cycle, with projects extending into 2027‑2028. CFO Chris Eperjesy noted that improved tax rates contributed roughly $19 million to net income. Following the earnings beat, the stock rose to a new 52‑week high of $12.23. Analyst Robert W. Baird increased its price target to $12, reflecting the stronger outlook.