Custom Truck One Source raises 2026 adjusted EBITDA guidance to $447.5 million-$460 million
CTOS•Custom Truck One Source raised its 2026 adjusted EBITDA guidance to $447.5 million-$460 million while keeping revenue guidance at $2.1 billion-$2.2 billion. Third-quarter adjusted EBITDA rose 16% to $111 million, and backlog reached nearly $400 million early in the fourth quarter.
1. Guidance and results
Custom Truck One Source raised its full-year 2026 adjusted EBITDA guidance to $447.5 million-$460 million. Revenue guidance remains $2.1 billion-$2.2 billion, while the specialty equipment rentals revenue outlook was raised on strong year-to-date performance. Third-quarter adjusted EBITDA rose 16% to $111 million, supported by sustained demand in core transmission and distribution markets.
2. Backlog and leverage
Sales order backlog reached nearly $400 million early in the fourth quarter, up from $342 million at September-end. The company expects net leverage to be meaningfully below 4 times by year-end and has a target of 3 times in 2027.
