Custom Truck One Source
20 named things its latest annual report says its results depend on, each in the company's own words. 11 of them are also named by other companies we've read.
Customers
Data centers
earns from · 106 gigawatts by 2035U.S. electricity demand from data centers is expected to reach 106 gigawatts by 2035, which represents a 165% increase from total demand of approximately 40 gigawatts in 2025.Business (Item 1)
Also named by AESI, AGX, BKR, BSM, CBRE, CEG, CMI, CNP and 26 more
Electric utility T&D end-market
earns from · approximately $102 billion in 2025Total capital expenditures among U.S. investor-owned utilities in the electric utility T&D end-market were projected to be approximately $102 billion in 2025.Business (Item 1)
Top 15 customers
concentrated in · approximately 23.6% of total revenueWe serve approximately 8,000 customers, with the top 15 customers representing approximately 23.6% of total revenue and no single customer representing greater than 4% of total revenue in 2025.Business (Item 1)
Partners and platforms
Terex
depends onAdditionally, pursuant to an agreement with Terex, we have a revocable, royalty-free, limited license to use certain Terex trademarks to promote the sale and servicing of Terex products, subject to certain conditions of use.Business (Item 1)
Other companies
ABL Facility
depends on · $698.0 million of borrowingsnamed as a riskAs of December 31, 2025, our total indebtedness was $1,660.8 million, consisting of $920.0 million in aggregate principal amount of the 2029 Secured Notes, $698.0 million of borrowings under our Asset Based Lending (“ABL”) Facility and other debt obligations of $42.8 million (excluding approximately $657.4 million of indebtedness under our floor plan financing agreements).Risk factors (Item 1A)
Floor plan financing arrangements
exposed to its price · $1,355.4 million aggregate principal amount of variable rate debtnamed as a riskAs of December 31, 2025, we had $1,355.4 million aggregate principal amount of variable rate debt, consisting of the balance outstanding under the ABL Facility and floor plan financing arrangements.Market risk (Item 7A)
Platinum Equity
named as a riskPlatinum owns the majority of our fully diluted shares of common stock and, therefore, has the power to control our affairs and policies.Risk factors (Item 1A)
Places
Kansas City, Missouri
operates inWe are headquartered in Kansas City, Missouri where we house executive management, accounting, finance, information technology, human resources, marketing, and procurement professionals, as well as production, assembly, service and distribution operations.Business (Item 1)
Commodities and inputs
Canadian dollar
exposed to its price · $39.6 million of revenuenamed as a riskDuring the year ended December 31, 2025, we generated $39.6 million of revenue in Canadian dollars.Market risk (Item 7A)
Also named by ABBV, ADBE, AMG, AYI, BBY, BWXT, CBRE, CDRE and 67 more
Steel
exposed to its pricenamed as a riskThe cost of new equipment from manufacturers that we purchase for use in our rental fleet or for sale may increase as a result of factors beyond our control, such as inflation, higher interest rates, tariffs and increased labor and raw material costs, including increases in the cost of steel, which is a primary material used in most of the equipment we use or sell.Risk factors (Item 1A)
Also named by AAON, AGX, ALSN, AM, AME, AMRC, AOS, APD and 104 more
Semiconductor chips
depends onnamed as a riskDisruptions in the supply chains of these manufacturers and dealers, such as pandemic-related plant and production shutdowns, semiconductor chip shortages, labor and equipment shortages, and transportation delays, have impacted and in the future could significantly impact our ability to meet customer demand and generate revenue, which could have a material adverse effect on our business, financial condition and results of operations.Risk factors (Item 1A)
Vocational truck chassis
depends onnamed as a riskWe depend on the timely and sufficient delivery of finished goods from our suppliers.Risk factors (Item 1A)
Petroleum fuel
exposed to its pricenamed as a riskIf the price of fuel increases, the demand for our products may decline and transportation and freight costs may increase, which would adversely affect our financial condition and results of operations.Risk factors (Item 1A)
Regulators
Laws and programs
Infrastructure Investment and Jobs Act
earns from · approximately $1.2 trillionThe final amended version included approximately $1.2 trillion in spending in new and reallocated funds with positive impacts to each of our end-markets.Business (Item 1)
Also named by APG, AWK, HASI, J, MLM, MTZ, NWPX, OGE and 3 more
BEAD program
earns from · $21 billionWhile the allocation of funds from the BEAD program was delayed in early 2025, updated guidelines reduced the number of eligible locations and, subsequently, the allocable funds to $21 billion.Business (Item 1)
U.S. tariffs on steel and aluminum
subject tonamed as a riskThese tariffs and potential tariffs have resulted, and may further result, in increased prices for certain imported goods and raw materials.Risk factors (Item 1A)
Government infrastructure spending
earns fromnamed as a riskAny decrease or delay in government funding of infrastructure projects could cause our revenues and profits to decrease.Risk factors (Item 1A)
Also named by ECG