Custom Truck One Source, Inc. (NYSE:CTOS) Q3 2023 Earnings Conference Call November 7, 2023 5:00 PM ET

Company Participants

Brian Perman – Vice President-Investor Relations

Ryan McMonagle – Chief Executive Officer

Chris Eperjesy – Chief Financial Officer

Conference Call Participants

Daniel Hultberg – Oppenheimer

Tim Thein – Citigroup

Tami Zakaria – JPMorgan

Justin Hauke – Robert W. Baird

Mike Shlisky – D.A. Davidson

Nicole DeBlase – Deutsche Bank

Operator

Ladies and gentlemen, thank you for standing by, and welcome to Custom Truck One Source's Third Quarter 2023 Earnings Conference Call. Please note that this conference call is being recorded.

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

Brian Perman

Thank you. 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 risk 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 we issued today. That press release and our quarterly investor presentation are posted on the Investor Relations section of our website. We filed our third quarter 2023 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 months ended September 30, 2023, and prior periods.

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

Ryan McMonagle

Thanks Brian, and welcome, everyone, to today's call. I'd like to begin by thanking all of our employees, customers and suppliers who continue to support our business and helped us deliver another strong quarter. The entire Custom Truck team delivered record levels of production for the third straight quarter, which has enabled us to add new vehicles to our rental fleet to meet continued strong demand for new equipment and to fulfill our goal of providing unparalleled service to our customers, and we continue to demonstrate the value of the One-Stop-Shop model with our ability to pivot between product categories and between selling and renting equipment as the markets dictate.