<ul>
<li>Alta Equipment Group 預測大幅上升</li>
</ul>
<p>Custom Truck One Source NYSE: CTOS 的高管在 Oppenheimer 主辦的由高級工業服務分析師 Scott Schneeberger 主持的爐邊談話中，概述了對特種租賃設備的強勁需求背景，特別是在公用事業傳輸和配電方面。</p>
<p>首席執行官 Ryan McMonagle 表示，公司特種設備租賃（SER）部門已增長至約 <strong>10,400 台</strong>，代表約 <strong>16.6 億美元</strong> 的資本，是公司歷史上最大的水平。約 75% 的車隊是專注於傳輸和配電的公用事業設備，包括升降車、挖掘機、吊臂車和拉線設備。剩餘的 25% 包括真空車、自卸車、重型拖車、供水車和翻斗車等特種設備。</p>
<p>McMonagle 表示，第一季度車隊利用率為 <strong>81.4%</strong>，並在第二季度初有所上升。平均租賃時長在 12 到 13 個月之間，目前接近該範圍的高端。他補充説，車隊的平均年齡不到三年，資產的使用壽命通常在 10 到 15 年之間。</p>
<h2>公用事業需求仍然是核心增長驅動力</h2>
<p>McMonagle 表示，傳輸和配電（T&amp;D）是 Custom Truck 最大的終端市場，約佔總收入的 <strong>60%</strong>，在租賃部門中約佔 <strong>75%</strong> 的收入。他提到電網現代化、數據中心和電氣化是關鍵的長期驅動因素。</p>
<p>更廣泛的基礎設施約佔收入的 40%，包括廢物、鐵路、電信、道路和橋樑。McMonagle 表示，廢物是三大基礎設施垂直領域中最大的。</p>
<p>當被問及租賃強度與數據中心相關的發電有多大關係時，McMonagle 表示很難單獨劃分，但數據中心正在推動全國範圍內的傳輸工作。他表示，重大項目的啓動在 2026 年持續增加，公司正在與客户討論項目延續到 2027 年，包括 2027 年底。</p>
<p>“在傳輸方面的可見性特別好，已經有很長時間沒有如此良好過了，” McMonagle 説。</p>
<h2>待處理訂單迴歸正常歷史範圍</h2>
<p>McMonagle 表示，公司待處理訂單正在迴歸 Custom Truck 歷史上認為的正常範圍，即四到六個月。待處理訂單在 COVID-19 之後因供應鏈中斷達到峯值，隨後在 2025 年下降，並在 2025 年末和 2026 年開始重建。</p>
<p>截至第一季度末，待處理訂單為 <strong>4.5 個月</strong>，McMonagle 表示在第二季度迄今有所增加。他還表示，第一季度待處理訂單增加了超過 <strong>7000 萬美元</strong>。</p>
<p>公司表示，T&amp;D 的需求尤其強勁，而基礎設施和職業產品類別也在改善。</p>
<h2>定價、關税和客户行為</h2>
<p>在回應定價問題時，公司表示其首選的租賃收益率範圍在高 30% 到低 40% 之間，近期趨勢積極。租賃收益率從第四季度到第一季度增加了 40 個基點，從第三季度增加了 70 到 80 個基點。公司還在 12 月進行了約 <strong>5%</strong> 的平均價格上漲，預計這一趨勢將隨着資產的週轉繼續流入。</p>
<p>公司將定價環境描述為建設性，特別是對於傳輸和 T&amp;D 資產，同時承認市場仍然競爭激烈，並因地區和資產類型而異。</p>
<p>McMonagle 表示，關税大約增加了 <strong>1000 萬到 1500 萬美元</strong> 的整體支出，約佔超過 15 億美元支出的 1%。他説，公司很好地管理了這些影響，儘管一些新的變化可能會導致額外的成本增加。</p>
<p>McMonagle 還表示，由於關税、利率和柴油成本，包括與中東衝突相關的擔憂，一些小型客户表現出更多的謹慎。一些小型買家推遲了卡車購買，並延長了舊車輛的使用壽命。他表示，大型客户仍在繼續推進項目和購買決策。</p>
<h2>自由現金流和去槓桿優先</h2>
<p>公司表示沒有資本限制，計劃在租賃和製造方面進行投資。對於 2026 年，預計淨租賃資本支出為 <strong>1.5 億到 1.7 億美元</strong>，而非租賃資本支出預計為 <strong>4000 萬到 5000 萬美元</strong>，其中三分之二到四分之三與特種卡車設備和製造（STEM）業務相關。</p>
<p>公司表示，第一季度收入增長了 9%，調整後的 EBITDA 增長了 33%，反映了運營槓桿和租賃收入的組合效益，租賃收入同比增長了接近 20%。在最近的財報電話會議上，公司提高了 EBITDA 指導，同時維持了收入指導。</p>
<p>高管表示，自由現金流應受三大因素的影響：</p>
<ul>
<li>同比 EBITDA 增長，指導中點約為 <strong>4500 萬美元</strong> 的增量 EBITDA；</li>
<li>淨租賃車隊投資的減少，預計將解鎖同比 <strong>8000 萬到 1 億美元</strong>；</li>
<li>庫存減少，預計毛庫存將下降超過 <strong>1 億美元</strong>，部分被地板計劃償還抵消。</li>
</ul>
<p>公司目標是實現超過 <strong>5000 萬美元</strong> 的槓桿自由現金流，同比改善約 <strong>1.3 億美元</strong>。</p>
<p>在資本配置方面，公司表示去槓桿是優先事項。槓桿率已從最高的 4.8 倍降至略高於 4 倍，目標是在今年年底前顯著低於 4 倍，並在明年年底前低於 3 倍。公司不預期進行大規模併購，但可能會繼續追求小規模收購。</p>
<h2>供應鏈狀況改善</h2>
<p>McMonagle 表示，底盤和附件供應商之間的供應關係非常穩固，並且公司從 2020 年至 2024 年初經歷的供應限制中吸取了教訓。他表示，供應鏈狀況大為改善，Custom Truck 有能力實現其 2026 年和 2027 年的增長預期。</p>
<p>在被問及長期增長時，McMonagle 表示，公司預計當前年度的增長將在高單位數到低雙位數之間，並稱這些水平是 “相當不錯的代理”，儘管公司尚未提供 2027 年及以後的指導。</p>
<h2>關於 Custom Truck One Source NYSE: CTOS</h2>
<p>Custom Truck One Source, Inc NYSE: CTOS 是一家北美專業租賃設備、零部件和服務的提供商。公司的車隊涵蓋了廣泛的資產，包括起重機、高空作業平台、溝槽安全和支撐設備、流體管理解決方案、發電機及其他工業機械。客户依賴 Custom Truck One Source 來支持建築、能源、電信、工業製造、市政和大型活動等項目。</p>
<p>Custom Truck One Source 總部位於德克薩斯州普萊諾，通過有機增長和戰略收購的結合，已擴展建立了覆蓋美國和加拿大的 140 多個分支機構網絡。</p>
<p><em>此即時新聞提醒由敍述科學技術和 MarketBeat 的金融數據生成，以便為讀者提供最快的報道和公正的覆蓋。如對本故事有任何問題或意見，請發送郵件至 contact@marketbeat.com。</em></p>
<h2>你現在應該投資$1,000 在 Custom Truck One Source 嗎？</h2>
<p>在考慮投資 Custom Truck One Source 之前，你需要聽聽這個。</p>
<p>MarketBeat 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已識別出五隻頂級分析師悄悄建議客户在更廣泛市場注意到之前立即購買的股票……而 Custom Truck One Source 並不在名單上。</p>
<p>雖然 Custom Truck One Source 目前在分析師中獲得了持有評級，但頂級分析師認為這五隻股票更值得購買。</p>
<p>在這裏查看這五隻股票</p>

CTOS

<p>Custom Truck One Source (NYSE:CTOS) 在 Oppenheimer 的爐邊談話中報告了對專業租賃設備的強勁需求，特別是在公用事業傳輸和配電方面。首席執行官 Ryan McMonagle 強調，公司租賃車隊已達到創紀錄的 10,400 台，其中 75% 專注於公用事業設備。訂單積壓正在恢復到四到六個月的正常範圍，儘管面臨競爭壓力，價格趨勢依然積極。公司計劃在 2026 年進行重大資本支出，預計收入和調整後 EBITDA 將持續增長</p>

<ul>
<li>Massive Upside Forecasted In Alta Equipment Group</li>
</ul>
<div class="lb-trans"><ul>
<li>Alta Equipment Group 預測大幅上升</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 主辦的由高級工業服務分析師 Scott Schneeberger 主持的爐邊談話中，概述了對特種租賃設備的強勁需求背景，特別是在公用事業傳輸和配電方面。</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>首席執行官 Ryan McMonagle 表示，公司特種設備租賃（SER）部門已增長至約 <strong>10,400 台</strong>，代表約 <strong>16.6 億美元</strong> 的資本，是公司歷史上最大的水平。約 75% 的車隊是專注於傳輸和配電的公用事業設備，包括升降車、挖掘機、吊臂車和拉線設備。剩餘的 25% 包括真空車、自卸車、重型拖車、供水車和翻斗車等特種設備。</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，第一季度車隊利用率為 <strong>81.4%</strong>，並在第二季度初有所上升。平均租賃時長在 12 到 13 個月之間，目前接近該範圍的高端。他補充説，車隊的平均年齡不到三年，資產的使用壽命通常在 10 到 15 年之間。</p>
</div><h2>Utility Demand Remains a Core Growth Driver</h2>
<div class="lb-trans"><h2>公用事業需求仍然是核心增長驅動力</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，傳輸和配電（T&amp;D）是 Custom Truck 最大的終端市場，約佔總收入的 <strong>60%</strong>，在租賃部門中約佔 <strong>75%</strong> 的收入。他提到電網現代化、數據中心和電氣化是關鍵的長期驅動因素。</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>更廣泛的基礎設施約佔收入的 40%，包括廢物、鐵路、電信、道路和橋樑。McMonagle 表示，廢物是三大基礎設施垂直領域中最大的。</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>當被問及租賃強度與數據中心相關的發電有多大關係時，McMonagle 表示很難單獨劃分，但數據中心正在推動全國範圍內的傳輸工作。他表示，重大項目的啓動在 2026 年持續增加，公司正在與客户討論項目延續到 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>“在傳輸方面的可見性特別好，已經有很長時間沒有如此良好過了，” McMonagle 説。</p>
</div><h2>Backlog Returning to Normal Historical Range</h2>
<div class="lb-trans"><h2>待處理訂單迴歸正常歷史範圍</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，公司待處理訂單正在迴歸 Custom Truck 歷史上認為的正常範圍，即四到六個月。待處理訂單在 COVID-19 之後因供應鏈中斷達到峯值，隨後在 2025 年下降，並在 2025 年末和 2026 年開始重建。</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，待處理訂單為 <strong>4.5 個月</strong>，McMonagle 表示在第二季度迄今有所增加。他還表示，第一季度待處理訂單增加了超過 <strong>7000 萬美元</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 的需求尤其強勁，而基礎設施和職業產品類別也在改善。</p>
</div><h2>Pricing, Tariffs and Customer Behavior</h2>
<div class="lb-trans"><h2>定價、關税和客户行為</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>在回應定價問題時，公司表示其首選的租賃收益率範圍在高 30% 到低 40% 之間，近期趨勢積極。租賃收益率從第四季度到第一季度增加了 40 個基點，從第三季度增加了 70 到 80 個基點。公司還在 12 月進行了約 <strong>5%</strong> 的平均價格上漲，預計這一趨勢將隨着資產的週轉繼續流入。</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>公司將定價環境描述為建設性，特別是對於傳輸和 T&amp;D 資產，同時承認市場仍然競爭激烈，並因地區和資產類型而異。</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，關税大約增加了 <strong>1000 萬到 1500 萬美元</strong> 的整體支出，約佔超過 15 億美元支出的 1%。他説，公司很好地管理了這些影響，儘管一些新的變化可能會導致額外的成本增加。</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 還表示，由於關税、利率和柴油成本，包括與中東衝突相關的擔憂，一些小型客户表現出更多的謹慎。一些小型買家推遲了卡車購買，並延長了舊車輛的使用壽命。他表示，大型客户仍在繼續推進項目和購買決策。</p>
</div><h2>Free Cash Flow and Deleveraging Prioritized</h2>
<div class="lb-trans"><h2>自由現金流和去槓桿優先</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>公司表示沒有資本限制，計劃在租賃和製造方面進行投資。對於 2026 年，預計淨租賃資本支出為 <strong>1.5 億到 1.7 億美元</strong>，而非租賃資本支出預計為 <strong>4000 萬到 5000 萬美元</strong>，其中三分之二到四分之三與特種卡車設備和製造（STEM）業務相關。</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，第一季度收入增長了 9%，調整後的 EBITDA 增長了 33%，反映了運營槓桿和租賃收入的組合效益，租賃收入同比增長了接近 20%。在最近的財報電話會議上，公司提高了 EBITDA 指導，同時維持了收入指導。</p>
</div><p>Executives said free cash flow should benefit from three main factors:</p>
<div class="lb-trans"><p>高管表示，自由現金流應受三大因素的影響：</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 增長，指導中點約為 <strong>4500 萬美元</strong> 的增量 EBITDA；</li>
<li>淨租賃車隊投資的減少，預計將解鎖同比 <strong>8000 萬到 1 億美元</strong>；</li>
<li>庫存減少，預計毛庫存將下降超過 <strong>1 億美元</strong>，部分被地板計劃償還抵消。</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>公司目標是實現超過 <strong>5000 萬美元</strong> 的槓桿自由現金流，同比改善約 <strong>1.3 億美元</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>在資本配置方面，公司表示去槓桿是優先事項。槓桿率已從最高的 4.8 倍降至略高於 4 倍，目標是在今年年底前顯著低於 4 倍，並在明年年底前低於 3 倍。公司不預期進行大規模併購，但可能會繼續追求小規模收購。</p>
</div><h2>Supply Chain Conditions Improve</h2>
<div class="lb-trans"><h2>供應鏈狀況改善</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，底盤和附件供應商之間的供應關係非常穩固，並且公司從 2020 年至 2024 年初經歷的供應限制中吸取了教訓。他表示，供應鏈狀況大為改善，Custom Truck 有能力實現其 2026 年和 2027 年的增長預期。</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>在被問及長期增長時，McMonagle 表示，公司預計當前年度的增長將在高單位數到低雙位數之間，並稱這些水平是 “相當不錯的代理”，儘管公司尚未提供 2027 年及以後的指導。</p>
</div><h2>About Custom Truck One Source NYSE: CTOS</h2>
<div class="lb-trans"><h2>關於 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 是一家北美專業租賃設備、零部件和服務的提供商。公司的車隊涵蓋了廣泛的資產，包括起重機、高空作業平台、溝槽安全和支撐設備、流體管理解決方案、發電機及其他工業機械。客户依賴 Custom Truck One Source 來支持建築、能源、電信、工業製造、市政和大型活動等項目。</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 總部位於德克薩斯州普萊諾，通過有機增長和戰略收購的結合，已擴展建立了覆蓋美國和加拿大的 140 多個分支機構網絡。</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>此即時新聞提醒由敍述科學技術和 MarketBeat 的金融數據生成，以便為讀者提供最快的報道和公正的覆蓋。如對本故事有任何問題或意見，請發送郵件至 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>你現在應該投資$1,000 在 Custom Truck One Source 嗎？</h2>
</div><p>Before you consider Custom Truck One Source, you'll want to hear this.</p>
<div class="lb-trans"><p>在考慮投資 Custom Truck One Source 之前，你需要聽聽這個。</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 每天跟蹤華爾街頂級評級和表現最佳的研究分析師及其推薦給客户的股票。MarketBeat 已識別出五隻頂級分析師悄悄建議客户在更廣泛市場注意到之前立即購買的股票……而 Custom Truck One Source 並不在名單上。</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>雖然 Custom Truck One Source 目前在分析師中獲得了持有評級，但頂級分析師認為這五隻股票更值得購買。</p>
</div><p>View The Five Stocks Here</p>
<div class="lb-trans"><p>在這裏查看這五隻股票</p>
</div>

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

Custom Truck One Source 表示，公用事業的需求正在推動其租賃車隊的創紀錄增長