Custom Truck One Source Says Utility Demand Is Driving Record Rental Fleet Growth
Key takeaways
- Utility demand is fueling record rental fleet growth.
- Backlog reached 4.5 months at the end of Q1 and has risen further in Q2, while management said transmission-side visibility is the strongest it has been in a long time with project starts extending into 2027.
- The company is focusing on cash flow and deleveraging.
Custom Truck One Source Says Utility Demand Is Driving Record Rental Fleet Growth Market Beat Mon, May 11, 2026 at 5:09 AM GMT+7 7 min read CTOS Custom Truck One Source logo Key Points Interested in Custom Truck One Source, Inc.? Here are five stocks we like better.
Utility demand is fueling record rental fleet growth. Custom Truck One Source said its Specialty Equipment Rental fleet has grown to about 10,400 units and $1.66 billion in capital, with roughly 75% of the fleet tied to utility transmission and distribution work.
Backlog and project visibility are improving. Backlog reached 4.5 months at the end of Q1 and has risen further in Q2, while management said transmission-side visibility is the strongest it has been in a long time with project starts extending into 2027.