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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