Custom One Shares Rise After 4Q Earnings Beat

Dow Jones
03-06
 

By Chris Wack

 

Custom One Truck Source shares climbed after the infrastructure-equipment company's fourth-quarter earnings that beat expectations.

The stock was 16% higher, at $4.67, in midday trading Wednesday, but has been down about 2.7% since the beginning of the year.

Custom One said Tuesday it had quarterly earnings of $27.6 million, or 12 cents a share. Analysts polled by FactSet were looking for earnings of $9.3 million, or 4 cents a share.

The Kansas City, Mo., company said its higher earnings were driven by continued strong fundamentals across their primary end markets: utility, infrastructure, rail and telecom. Custom One also saw a gain on a sale-leaseback transaction that occurred in the fourth quarter.

Revenue for the quarter was $520.7 million, just under last year's $521.8 million.

For 2025, the company said it is expecting revenue of $1.97 billion to $2.06 billion, higher than the $1.88 billion analysts are forecasting.

 

Write to Chris Wack at chris.wack@wsj.com

 

(END) Dow Jones Newswires

March 05, 2025 13:28 ET (18:28 GMT)

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