<ul>
<li>Alta Equipment Group 预测大幅上升</li>
</ul>
<p>Custom Truck One Source NYSE: CTOS 的高管在 Oppenheimer 主办的由高级工业服务分析师 Scott Schneeberger 主持的炉边谈话中，概述了对特种租赁设备的强劲需求背景，特别是在公用事业传输和配电方面。</p>
<p>首席执行官 Ryan McMonagle 表示，公司特种设备租赁（SER）部门已增长至约 <strong>10,400 台</strong>，代表约 <strong>16.6 亿美元</strong> 的资本，是公司历史上最大的水平。约 75% 的车队是专注于传输和配电的公用事业设备，包括升降车、挖掘机、吊臂车和拉线设备。剩余的 25% 包括真空车、自卸车、重型拖车、供水车和翻斗车等特种设备。</p>
<p>McMonagle 表示，第一季度车队利用率为 <strong>81.4%</strong>，并在第二季度初有所上升。平均租赁时长在 12 到 13 个月之间，目前接近该范围的高端。他补充说，车队的平均年龄不到三年，资产的使用寿命通常在 10 到 15 年之间。</p>
<h2>公用事业需求仍然是核心增长驱动力</h2>
<p>McMonagle 表示，传输和配电（T&amp;D）是 Custom Truck 最大的终端市场，约占总收入的 <strong>60%</strong>，在租赁部门中约占 <strong>75%</strong> 的收入。他提到电网现代化、数据中心和电气化是关键的长期驱动因素。</p>
<p>更广泛的基础设施约占收入的 40%，包括废物、铁路、电信、道路和桥梁。McMonagle 表示，废物是三大基础设施垂直领域中最大的。</p>
<p>当被问及租赁强度与数据中心相关的发电有多大关系时，McMonagle 表示很难单独划分，但数据中心正在推动全国范围内的传输工作。他表示，重大项目的启动在 2026 年持续增加，公司正在与客户讨论项目延续到 2027 年，包括 2027 年底。</p>
<p>“在传输方面的可见性特别好，已经有很长时间没有如此良好过了，” McMonagle 说。</p>
<h2>待处理订单回归正常历史范围</h2>
<p>McMonagle 表示，公司待处理订单正在回归 Custom Truck 历史上认为的正常范围，即四到六个月。待处理订单在 COVID-19 之后因供应链中断达到峰值，随后在 2025 年下降，并在 2025 年末和 2026 年开始重建。</p>
<p>截至第一季度末，待处理订单为 <strong>4.5 个月</strong>，McMonagle 表示在第二季度迄今有所增加。他还表示，第一季度待处理订单增加了超过 <strong>7000 万美元</strong>。</p>
<p>公司表示，T&amp;D 的需求尤其强劲，而基础设施和职业产品类别也在改善。</p>
<h2>定价、关税和客户行为</h2>
<p>在回应定价问题时，公司表示其首选的租赁收益率范围在高 30% 到低 40% 之间，近期趋势积极。租赁收益率从第四季度到第一季度增加了 40 个基点，从第三季度增加了 70 到 80 个基点。公司还在 12 月进行了约 <strong>5%</strong> 的平均价格上涨，预计这一趋势将随着资产的周转继续流入。</p>
<p>公司将定价环境描述为建设性，特别是对于传输和 T&amp;D 资产，同时承认市场仍然竞争激烈，并因地区和资产类型而异。</p>
<p>McMonagle 表示，关税大约增加了 <strong>1000 万到 1500 万美元</strong> 的整体支出，约占超过 15 亿美元支出的 1%。他说，公司很好地管理了这些影响，尽管一些新的变化可能会导致额外的成本增加。</p>
<p>McMonagle 还表示，由于关税、利率和柴油成本，包括与中东冲突相关的担忧，一些小型客户表现出更多的谨慎。一些小型买家推迟了卡车购买，并延长了旧车辆的使用寿命。他表示，大型客户仍在继续推进项目和购买决策。</p>
<h2>自由现金流和去杠杆优先</h2>
<p>公司表示没有资本限制，计划在租赁和制造方面进行投资。对于 2026 年，预计净租赁资本支出为 <strong>1.5 亿到 1.7 亿美元</strong>，而非租赁资本支出预计为 <strong>4000 万到 5000 万美元</strong>，其中三分之二到四分之三与特种卡车设备和制造（STEM）业务相关。</p>
<p>公司表示，第一季度收入增长了 9%，调整后的 EBITDA 增长了 33%，反映了运营杠杆和租赁收入的组合效益，租赁收入同比增长了接近 20%。在最近的财报电话会议上，公司提高了 EBITDA 指导，同时维持了收入指导。</p>
<p>高管表示，自由现金流应受三大因素的影响：</p>
<ul>
<li>同比 EBITDA 增长，指导中点约为 <strong>4500 万美元</strong> 的增量 EBITDA；</li>
<li>净租赁车队投资的减少，预计将解锁同比 <strong>8000 万到 1 亿美元</strong>；</li>
<li>库存减少，预计毛库存将下降超过 <strong>1 亿美元</strong>，部分被地板计划偿还抵消。</li>
</ul>
<p>公司目标是实现超过 <strong>5000 万美元</strong> 的杠杆自由现金流，同比改善约 <strong>1.3 亿美元</strong>。</p>
<p>在资本配置方面，公司表示去杠杆是优先事项。杠杆率已从最高的 4.8 倍降至略高于 4 倍，目标是在今年年底前显著低于 4 倍，并在明年年底前低于 3 倍。公司不预期进行大规模并购，但可能会继续追求小规模收购。</p>
<h2>供应链状况改善</h2>
<p>McMonagle 表示，底盘和附件供应商之间的供应关系非常稳固，并且公司从 2020 年至 2024 年初经历的供应限制中吸取了教训。他表示，供应链状况大为改善，Custom Truck 有能力实现其 2026 年和 2027 年的增长预期。</p>
<p>在被问及长期增长时，McMonagle 表示，公司预计当前年度的增长将在高单位数到低双位数之间，并称这些水平是 “相当不错的代理”，尽管公司尚未提供 2027 年及以后的指导。</p>
<h2>关于 Custom Truck One Source NYSE: CTOS</h2>
<p>Custom Truck One Source, Inc NYSE: CTOS 是一家北美专业租赁设备、零部件和服务的提供商。公司的车队涵盖了广泛的资产，包括起重机、高空作业平台、沟槽安全和支撑设备、流体管理解决方案、发电机及其他工业机械。客户依赖 Custom Truck One Source 来支持建筑、能源、电信、工业制造、市政和大型活动等项目。</p>
<p>Custom Truck One Source 总部位于德克萨斯州普莱诺，通过有机增长和战略收购的结合，已扩展建立了覆盖美国和加拿大的 140 多个分支机构网络。</p>
<p><em>此即时新闻提醒由叙述科学技术和 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。如对本故事有任何问题或意见，请发送邮件至 contact@marketbeat.com。</em></p>
<h2>你现在应该投资$1,000 在 Custom Truck One Source 吗？</h2>
<p>在考虑投资 Custom Truck One Source 之前，你需要听听这个。</p>
<p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只顶级分析师悄悄建议客户在更广泛市场注意到之前立即购买的股票……而 Custom Truck One Source 并不在名单上。</p>
<p>虽然 Custom Truck One Source 目前在分析师中获得了持有评级，但顶级分析师认为这五只股票更值得购买。</p>
<p>在这里查看这五只股票</p>

CTOS

<p>Custom Truck One Source (NYSE:CTOS) 在 Oppenheimer 的炉边谈话中报告了对专业租赁设备的强劲需求，特别是在公用事业传输和配电方面。首席执行官 Ryan McMonagle 强调，公司租赁车队已达到创纪录的 10,400 台，其中 75% 专注于公用事业设备。订单积压正在恢复到四到六个月的正常范围，尽管面临竞争压力，价格趋势依然积极。公司计划在 2026 年进行重大资本支出，预计收入和调整后 EBITDA 将持续增长</p>

<ul>
<li>Massive Upside Forecasted In Alta Equipment Group</li>
</ul>
<div class="lb-trans"><ul>
<li>Alta Equipment Group 预测大幅上升</li>
</ul>
</div><p>Custom Truck One Source NYSE: CTOS executives outlined a strong demand backdrop for specialty rental equipment, particularly in utility transmission and distribution, during an Oppenheimer fireside chat hosted by Senior Industrial Services Analyst Scott Schneeberger.</p>
<div class="lb-trans"><p>Custom Truck One Source NYSE: CTOS 的高管在 Oppenheimer 主办的由高级工业服务分析师 Scott Schneeberger 主持的炉边谈话中，概述了对特种租赁设备的强劲需求背景，特别是在公用事业传输和配电方面。</p>
</div><p>CEO Ryan McMonagle said the company’s Specialty Equipment Rental, or SER, segment has grown to about <strong>10,400 units</strong> and represents approximately <strong>$1.66 billion</strong> of capital, the largest level in the company’s history. About 75% of the fleet is utility equipment focused primarily on transmission and distribution, including bucket trucks, digger derricks, boom trucks and stringing gear. The remaining 25% includes specialty equipment such as vacuum trucks, dump trucks, heavy haul tractors, water trucks and roll-off trucks.</p>
<div class="lb-trans"><p>首席执行官 Ryan McMonagle 表示，公司特种设备租赁（SER）部门已增长至约 <strong>10,400 台</strong>，代表约 <strong>16.6 亿美元</strong> 的资本，是公司历史上最大的水平。约 75% 的车队是专注于传输和配电的公用事业设备，包括升降车、挖掘机、吊臂车和拉线设备。剩余的 25% 包括真空车、自卸车、重型拖车、供水车和翻斗车等特种设备。</p>
</div><p>McMonagle said fleet time utilization was <strong>81.4%</strong> in the first quarter and had increased early in the second quarter. The average rental duration is between 12 and 13 months, currently near the high end of that range. He added that the fleet is under three years old, with useful lives generally in the 10- to 15-year range depending on the asset.</p>
<div class="lb-trans"><p>McMonagle 表示，第一季度车队利用率为 <strong>81.4%</strong>，并在第二季度初有所上升。平均租赁时长在 12 到 13 个月之间，目前接近该范围的高端。他补充说，车队的平均年龄不到三年，资产的使用寿命通常在 10 到 15 年之间。</p>
</div><h2>Utility Demand Remains a Core Growth Driver</h2>
<div class="lb-trans"><h2>公用事业需求仍然是核心增长驱动力</h2>
</div><p>McMonagle said transmission and distribution, or T&amp;D, is Custom Truck’s largest end market, representing about <strong>60%</strong> of total revenue and roughly <strong>75%</strong> of revenue within the rental segment. He cited grid modernization, data centers and electrification as key long-term drivers.</p>
<div class="lb-trans"><p>McMonagle 表示，传输和配电（T&amp;D）是 Custom Truck 最大的终端市场，约占总收入的 <strong>60%</strong>，在租赁部门中约占 <strong>75%</strong> 的收入。他提到电网现代化、数据中心和电气化是关键的长期驱动因素。</p>
</div><p>Infrastructure more broadly accounts for about 40% of revenue, including waste, rail, telecom, roads and bridges. McMonagle said waste is the largest of the three named infrastructure verticals.</p>
<div class="lb-trans"><p>更广泛的基础设施约占收入的 40%，包括废物、铁路、电信、道路和桥梁。McMonagle 表示，废物是三大基础设施垂直领域中最大的。</p>
</div><p>Asked how much rental strength is tied to data center-related power generation, McMonagle said it is difficult to isolate, but data centers are helping drive transmission work across the country. He said major project starts have continued to pick up in 2026, and the company is speaking with customers about starts extending into 2027, including late 2027.</p>
<div class="lb-trans"><p>当被问及租赁强度与数据中心相关的发电有多大关系时，McMonagle 表示很难单独划分，但数据中心正在推动全国范围内的传输工作。他表示，重大项目的启动在 2026 年持续增加，公司正在与客户讨论项目延续到 2027 年，包括 2027 年底。</p>
</div><p>“The visibility on the transmission side of things in particular is as good as it’s been in a really long time,” McMonagle said.</p>
<div class="lb-trans"><p>“在传输方面的可见性特别好，已经有很长时间没有如此良好过了，” McMonagle 说。</p>
</div><h2>Backlog Returning to Normal Historical Range</h2>
<div class="lb-trans"><h2>待处理订单回归正常历史范围</h2>
</div><p>McMonagle said the company’s backlog is moving back toward what Custom Truck historically considers a normal range of four to six months. Backlog peaked after COVID-19 amid supply chain disruptions, declined through 2025 and began rebuilding late in 2025 and into 2026.</p>
<div class="lb-trans"><p>McMonagle 表示，公司待处理订单正在回归 Custom Truck 历史上认为的正常范围，即四到六个月。待处理订单在 COVID-19 之后因供应链中断达到峰值，随后在 2025 年下降，并在 2025 年末和 2026 年开始重建。</p>
</div><p>As of the end of the first quarter, backlog stood at <strong>4.5 months</strong>, and McMonagle said it had increased so far in the second quarter. He also said backlog rose by more than <strong>$70 million</strong> during the first quarter.</p>
<div class="lb-trans"><p>截至第一季度末，待处理订单为 <strong>4.5 个月</strong>，McMonagle 表示在第二季度迄今有所增加。他还表示，第一季度待处理订单增加了超过 <strong>7000 万美元</strong>。</p>
</div><p>The company said demand is especially strong in T&amp;D, while infrastructure and vocational product categories are also improving.</p>
<div class="lb-trans"><p>公司表示，T&amp;D 的需求尤其强劲，而基础设施和职业产品类别也在改善。</p>
</div><h2>Pricing, Tariffs and Customer Behavior</h2>
<div class="lb-trans"><h2>定价、关税和客户行为</h2>
</div><p>In response to a pricing question, the company said its preferred on-rent yield range is in the high 30s to low 40s and that recent trends have been positive. On-rent yield increased 40 basis points from the fourth quarter to the first quarter and was up 70 to 80 basis points from the third quarter. The company also took an average price increase of about <strong>5%</strong> in December, which is expected to continue flowing through as assets turn over.</p>
<div class="lb-trans"><p>在回应定价问题时，公司表示其首选的租赁收益率范围在高 30% 到低 40% 之间，近期趋势积极。租赁收益率从第四季度到第一季度增加了 40 个基点，从第三季度增加了 70 到 80 个基点。公司还在 12 月进行了约 <strong>5%</strong> 的平均价格上涨，预计这一趋势将随着资产的周转继续流入。</p>
</div><p>The company described the pricing environment as constructive, particularly for transmission and T&amp;D assets, while acknowledging that the market remains competitive and varies by region and asset type.</p>
<div class="lb-trans"><p>公司将定价环境描述为建设性，特别是对于传输和 T&amp;D 资产，同时承认市场仍然竞争激烈，并因地区和资产类型而异。</p>
</div><p>McMonagle said tariffs have added roughly <strong>$10 million to $15 million</strong> to overall spend, or about 1% on more than $1.5 billion of spending. He said the company has managed those impacts well, though some newer changes may create additional cost increases.</p>
<div class="lb-trans"><p>McMonagle 表示，关税大约增加了 <strong>1000 万到 1500 万美元</strong> 的整体支出，约占超过 15 亿美元支出的 1%。他说，公司很好地管理了这些影响，尽管一些新的变化可能会导致额外的成本增加。</p>
</div><p>McMonagle also said smaller customers are showing more caution because of tariffs, interest rates and diesel costs, including concerns tied to the Middle East conflict. Some smaller buyers are delaying truck purchases and keeping older vehicles running longer. He said large customers continue to move ahead with projects and purchase decisions.</p>
<div class="lb-trans"><p>McMonagle 还表示，由于关税、利率和柴油成本，包括与中东冲突相关的担忧，一些小型客户表现出更多的谨慎。一些小型买家推迟了卡车购买，并延长了旧车辆的使用寿命。他表示，大型客户仍在继续推进项目和购买决策。</p>
</div><h2>Free Cash Flow and Deleveraging Prioritized</h2>
<div class="lb-trans"><h2>自由现金流和去杠杆优先</h2>
</div><p>The company said it is not capital constrained and plans to invest in both rental and manufacturing. For 2026, it expects <strong>$150 million to $170 million</strong> of net rental capital expenditures, while non-rental capital expenditures are guided at <strong>$40 million to $50 million</strong>, with two-thirds to three-quarters related to the Specialty Truck Equipment and Manufacturing, or STEM, business.</p>
<div class="lb-trans"><p>公司表示没有资本限制，计划在租赁和制造方面进行投资。对于 2026 年，预计净租赁资本支出为 <strong>1.5 亿到 1.7 亿美元</strong>，而非租赁资本支出预计为 <strong>4000 万到 5000 万美元</strong>，其中三分之二到四分之三与特种卡车设备和制造（STEM）业务相关。</p>
</div><p>The company said first-quarter revenue grew 9% while adjusted EBITDA rose 33%, reflecting operating leverage and mix benefits from rental revenue, which grew just under 20% year over year. It raised EBITDA guidance on its most recent earnings call while maintaining revenue guidance.</p>
<div class="lb-trans"><p>公司表示，第一季度收入增长了 9%，调整后的 EBITDA 增长了 33%，反映了运营杠杆和租赁收入的组合效益，租赁收入同比增长了接近 20%。在最近的财报电话会议上，公司提高了 EBITDA 指导，同时维持了收入指导。</p>
</div><p>Executives said free cash flow should benefit from three main factors:</p>
<div class="lb-trans"><p>高管表示，自由现金流应受三大因素的影响：</p>
</div><ul>
<li>Year-over-year EBITDA growth, with about <strong>$45 million</strong> of incremental EBITDA at the midpoint of guidance;</li>
<li>A reduction in net rental fleet investment, expected to unlock <strong>$80 million to $100 million</strong> year over year;</li>
<li>Inventory reduction, with gross inventory expected to decline by more than <strong>$100 million</strong>, partially offset by floor plan paydowns.</li>
</ul>
<div class="lb-trans"><ul>
<li>同比 EBITDA 增长，指导中点约为 <strong>4500 万美元</strong> 的增量 EBITDA；</li>
<li>净租赁车队投资的减少，预计将解锁同比 <strong>8000 万到 1 亿美元</strong>；</li>
<li>库存减少，预计毛库存将下降超过 <strong>1 亿美元</strong>，部分被地板计划偿还抵消。</li>
</ul>
</div><p>The company is targeting more than <strong>$50 million</strong> of levered free cash flow, an improvement of roughly <strong>$130 million</strong> year over year.</p>
<div class="lb-trans"><p>公司目标是实现超过 <strong>5000 万美元</strong> 的杠杆自由现金流，同比改善约 <strong>1.3 亿美元</strong>。</p>
</div><p>On capital allocation, the company said deleveraging is the priority. Leverage has fallen from a peak of 4.8 times to just over 4 times, with a target to move meaningfully below 4 times by the end of this year and below 3 times by the end of next year. The company does not anticipate large M&amp;A, though it may continue to pursue tuck-in acquisitions.</p>
<div class="lb-trans"><p>在资本配置方面，公司表示去杠杆是优先事项。杠杆率已从最高的 4.8 倍降至略高于 4 倍，目标是在今年年底前显著低于 4 倍，并在明年年底前低于 3 倍。公司不预期进行大规模并购，但可能会继续追求小规模收购。</p>
</div><h2>Supply Chain Conditions Improve</h2>
<div class="lb-trans"><h2>供应链状况改善</h2>
</div><p>McMonagle said supplier relationships are strong across chassis and attachment providers, and that the company has learned from supply constraints experienced from 2020 through early 2024. He said the supply chain is in much better shape and that Custom Truck is positioned to deliver on its growth expectations for 2026 and 2027.</p>
<div class="lb-trans"><p>McMonagle 表示，底盘和附件供应商之间的供应关系非常稳固，并且公司从 2020 年至 2024 年初经历的供应限制中吸取了教训。他表示，供应链状况大为改善，Custom Truck 有能力实现其 2026 年和 2027 年的增长预期。</p>
</div><p>Asked about long-term growth, McMonagle said the company has guided to high-single-digit to low-double-digit growth for the current year and said those levels are “pretty good proxies,” though the company has not provided guidance for 2027 or beyond.</p>
<div class="lb-trans"><p>在被问及长期增长时，McMonagle 表示，公司预计当前年度的增长将在高单位数到低双位数之间，并称这些水平是 “相当不错的代理”，尽管公司尚未提供 2027 年及以后的指导。</p>
</div><h2>About Custom Truck One Source NYSE: CTOS</h2>
<div class="lb-trans"><h2>关于 Custom Truck One Source NYSE: CTOS</h2>
</div><p>Custom Truck One Source, Inc NYSE: CTOS is a North American provider of specialty rental equipment, parts and services. The company's fleet encompasses a wide range of assets, including cranes, aerial work platforms, trench safety and shoring equipment, fluid management solutions, generators and other industrial machinery. Customers rely on Custom Truck One Source to support projects in construction, energy, telecommunications, industrial manufacturing, municipalities and large-scale events.</p>
<div class="lb-trans"><p>Custom Truck One Source, Inc NYSE: CTOS 是一家北美专业租赁设备、零部件和服务的提供商。公司的车队涵盖了广泛的资产，包括起重机、高空作业平台、沟槽安全和支撑设备、流体管理解决方案、发电机及其他工业机械。客户依赖 Custom Truck One Source 来支持建筑、能源、电信、工业制造、市政和大型活动等项目。</p>
</div><p>Headquartered in Plano, Texas, Custom Truck One Source has expanded through a combination of organic growth and strategic acquisitions to establish a network of more than 140 branch locations across the United States and Canada.</p>
<div class="lb-trans"><p>Custom Truck One Source 总部位于德克萨斯州普莱诺，通过有机增长和战略收购的结合，已扩展建立了覆盖美国和加拿大的 140 多个分支机构网络。</p>
</div><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.</em></p>
<div class="lb-trans"><p><em>此即时新闻提醒由叙述科学技术和 MarketBeat 的金融数据生成，以便为读者提供最快的报道和公正的覆盖。如对本故事有任何问题或意见，请发送邮件至 contact@marketbeat.com。</em></p>
</div><h2>Should You Invest $1,000 in Custom Truck One Source Right Now?</h2>
<div class="lb-trans"><h2>你现在应该投资$1,000 在 Custom Truck One Source 吗？</h2>
</div><p>Before you consider Custom Truck One Source, you'll want to hear this.</p>
<div class="lb-trans"><p>在考虑投资 Custom Truck One Source 之前，你需要听听这个。</p>
</div><p>MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Custom Truck One Source wasn't on the list.</p>
<div class="lb-trans"><p>MarketBeat 每天跟踪华尔街顶级评级和表现最佳的研究分析师及其推荐给客户的股票。MarketBeat 已识别出五只顶级分析师悄悄建议客户在更广泛市场注意到之前立即购买的股票……而 Custom Truck One Source 并不在名单上。</p>
</div><p>While Custom Truck One Source currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.</p>
<div class="lb-trans"><p>虽然 Custom Truck One Source 目前在分析师中获得了持有评级，但顶级分析师认为这五只股票更值得购买。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在这里查看这五只股票</p>
</div>

Custom Truck One Source Says Utility Demand Is Driving Record Rental Fleet Growth

Custom Truck One Source 表示，公用事业的需求正在推动其租赁车队的创纪录增长