CTOS Custom Truck One Source

Nesco is one of the largest providers of specialty equipment, parts, tools, accessories and services to the electric utility transmission and distribution, telecommunications and rail markets in North America. Nesco offers its specialized equipment to a diverse customer base for the maintenance, repair, upgrade and installation of critical infrastructure assets including electric lines, telecommunications networks and rail systems. Nesco's coast-to-coast rental fleet of more than 4,500 units includes aerial devices, boom trucks, cranes, digger derricks, pressure drills, stringing gear, hi-rail equipment, repair parts, tools and accessories.

Company profile

Lee Jacobson
Fiscal year end
Former names
Capitol Investment Corp. IV, NESCO HOLDINGS, INC.

CTOS stock data


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17 May 21
17 May 21
31 Dec 21
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Mar 21 Dec 20 Sep 20 Jun 20
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Dec 20 Dec 19 Dec 18 Dec 17
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Financial data from company earnings reports.

Cash burn rate (estimated) Burn method: Change in cash Burn method: Operating income/loss Burn method: FCF (opex + capex)
Last Q Avg 4Q Last Q Avg 4Q Last Q Avg 4Q
Cash on hand (at last report) 3.19M 3.19M 3.19M 3.19M 3.19M 3.19M
Cash burn (monthly) 73.67K 587.08K 7.94M 4.99M 4.03M (positive/no burn)
Cash used (since last report) 115.57K 921.06K 12.46M 7.84M 6.32M n/a
Cash remaining 3.08M 2.27M -9.26M -4.64M -3.13M n/a
Runway (months of cash) 41.7 3.9 -1.2 -0.9 -0.8 n/a

Beta Read what these cash burn values mean

Date Owner Security Transaction Code Indirect 10b5-1 $Price #Shares $Value #Remaining
1 Apr 21 PE One Source Common Stock Buy Dispose P Yes No 5 148,600,000 743M 148,600,000
1 Apr 21 Platinum Equity Common Stock Buy Dispose P Yes No 5 148,600,000 743M 148,600,000
1 Apr 21 Thomas R. Rich Common Stock Other Aquire J No No 5 20,857 104.29K 20,857
1 Apr 21 Ryan McMonagle Common Stock Other Aquire J No No 5 67,926 339.63K 197,926
1 Apr 21 Ryan McMonagle Common Stock Buy Aquire P No No 5 130,000 650K 130,000

Data for the last complete 13F reporting period. To see the most recent changes to ownership, click the ownership history button above.

13F holders
Current Prev Q Change
Total holders 0 0
Opened positions 0 0
Closed positions 0 0
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Total value 0 0
Total shares 0 0
Total puts 0 0
Total calls 0 0
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Financial report summary

  • Effective management of our rental equipment is vital to our business and inability to obtain raw materials, component parts and/or finished goods in a timely and cost-effective manner would adversely affect our ability to manufacture and market our products.
  • A small portion of our workforce is unionized, and more of our workforce could become unionized in the future, which could negatively impact the stability of our production, materially reduce our profitability and increase the risk of work stoppages.
  • A material disruption to one of our operation and manufacturing locations could adversely affect our ability to generate revenue.
  • The cost of new equipment that we purchase for use in our rental fleet or for our sales inventory may increase and therefore we may spend more for such equipment, and in some cases, we may not be able to procure equipment on a timely basis due to supplier constraints.
  • The combined company will continue to incur significant transaction and transition costs following the Acquisition and related financing transactions.
  • Integration of the Nesco and Custom Truck businesses may be difficult, costly and time-consuming, and the anticipated benefits and cost savings of the Acquisition and related financing transactions may not be realized or may be less than expected.
  • Platinum owns the majority of our equity, and its interests may not be aligned with yours.
  • We have, and may incur, significant indebtedness and may be unable to service our debt. This indebtedness could adversely affect our financial position, limit our available cash and our access to additional capital and prevent us from growing our business.
  • To service our indebtedness, we will require a significant amount of cash. Our ability to generate cash depends on many factors, some of which are beyond our control. An inability to service our indebtedness could lead to a default under the Indenture or ABL Credit Agreement, which may result in an acceleration of our indebtedness.
  • The Indenture and the ABL Credit Agreement impose significant operating and financial restrictions on our company and our subsidiaries, which may prevent us from capitalizing on business opportunities.
  • Our variable rate indebtedness subjects us to interest rate risk, which could cause our debt service obligations to increase significantly.
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