Custom Truck One Source, Inc. (NYSE:CTOS) Q4 2022 Earnings Conference Call March 14, 2023 5:00 PM ET

Company Participants

Brian Perman - VP, IR

Fred Ross - CEO

Ryan McMonagle - President and COO

Chris Eperjesy - CFO

Conference Call Participants

Scott Schneeberger - Oppenheimer

Michael Shlisky - D.A. Davidson Companies

Kenneth Chung - Citigroup

Noelle Dilts - Stifel

Justin Hauke - Robert W. Baird

Operator

Ladies and gentlemen, thank you for standing by and welcome to the Custom Truck One Sources. Fourth Quarter 2022 Earnings Conference Call. [Operator Instructions]

I would like to hand the conference call over to your host today, Brian Perman, Vice President of Investor Relations for Custom Truck.

Brian Perman

Thank you, and good afternoon. Before we begin, we would like to remind you that management’s commentary and responses to questions on today’s call may include forward-looking statements, which, by their nature, are uncertain and outside of the company’s control. Although these forward-looking statements are based on management’s current expectations and beliefs, actual results may differ materially. For a discussion of some of the factors that could cause actual results to differ, please refer to the Risk Factors section of the company’s filings with the SEC. Additionally, please note that you can find reconciliations of the historical non-GAAP financial measures discussed during the call in the press release issued today.

The press release we issued this afternoon, and our quarterly investor presentation are posted on the Investor Relations section of our website. We filed our 2022 10-Q with the SEC this afternoon. Today’s discussion of our results of operations for Custom Truck One Source Inc., or custom truck, is presented on a historical basis as of or for the three and 12 months ended December 31, 2022, and prior periods.

While our reported results can only include Custom Truck OneSource, LP for the period since the April 1, 2021 date of the business combination, we have presented and will be discussing today pro-forma combined results as if Nesco and Custom Truck had operated together for all periods. All references and comparisons to 2021 results are made on a pro-forma basis. We believe such combined information is useful to compare how the combined company has performed over-time.

Joining me today are Fred Ross, CEO; Ryan McMonagle, President and COO, and Chris Eperjesy, CFO. I will now turn the call over to Fred.

Fred Ross

Thanks Brian and welcome everyone on today's call. I'd like to begin by thanking all of our employees, customers, and suppliers, who supported our business and helped us achieve our fantastic results, as we navigated the challenges our industry faced last year. The entire team continues to work tirelessly to maintain record levels of production so we can fulfill our goals of providing unrivaled service to our customers, growing our market share, and creating value for our shareholders.