Custom Truck One Source (CTOS) Q2 FY26 earnings call

Custom Truck One Source delivered record Q2 FY26 results, driven by robust demand in the transmission and distribution (T&D) markets, which management characterizes as a "once-in-a-generation super cycle." The company raised its full-year revenue and adjusted EBITDA guidance, reflecting strong performance in both its Specialty Equipment Rentals (SER) and Specialty Truck Equipment and Manufacturing (STEM) segments, despite some sequential backlog reduction in STEM. Management is confident in navigating upcoming EPA regulations and expects continued growth.