Custom Truck One Source, Inc. (NYSE:CTOS) Q1 2024 Earnings Call Transcript

We talked about 18 months ago, as well. And so there is a bit of that that we’re dealing with. So even when we’re seeing this delay, and the rental fleet is where — you were seeing this delay and we’re seeing the slowdown on the transmission side of things, and yet the entire rental fleet is still running in the low 70s. In the grand scheme of the store performance, it’s still not at a bad number. It’s still a good number. And in the grand scheme of rental businesses more holistically, you have still very compelling kind of lower end that we’re running toward it.

Michael Shlisky: Great. And again the cadence Chris, you wouldn’t mind giving us a little update, how you think — probably I guess [indiscernible]

Chris Eperjesy: Yes — I guess – its obviously it’s hard to predict on some of the variables that Ryan just went through. But clearly, on the high end of our EBITDA range, we would expect to see more meaningful increase in OEC on rent, as we progress through the end of the year. The lower end would see a more modest increase. And so I think I’d leave it at that, in terms of any guidance we want to give.

Michael Shlisky: Okay. Thanks. I’ll pass it on. Appreciate it.

Operator: [Operator Instructions] There are no further questions at this time. I will now turn the call back over to Ryan McMonagle for closing remarks. Please go ahead.

Ryan McMonagle: Thanks, everyone for your time today and your interest in Custom Truck. We look forward to speaking with you on the next quarterly earnings call. And in the meantime, please, don’t hesitate to reach out with any questions. Thank you again, and have a good evening.

Operator: Ladies and gentlemen, that concludes today’s call. Thank you all for joining and you may now disconnect.