Custom Truck One Source, Inc. Earnings Per Share Disclosure
| Year Ended December 31, 2024 | Year Ended December 31, 2023 | Year Ended December 31, 2022 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||
| (in $000s, except per share data) | Net Income (Loss) | Weighted Average Shares | Per Share Amount | Net Income (Loss) | Weighted Average Shares | Per Share Amount | Net Income (Loss) | Weighted Average Shares | Per Share Amount | |||||||||||||||||||||||||||||||||||||||||||||||
| Basic earnings (loss) per share | $ | (28,655) | 236,975 | $ | (0.12) | $ | 50,712 | 245,093 | $ | 0.21 | $ | 38,905 | 247,152 | $ | 0.16 | |||||||||||||||||||||||||||||||||||||||||
| Dilutive common share equivalents | — | — | — | 633 | — | 553 | ||||||||||||||||||||||||||||||||||||||||||||||||||
| Diluted earnings (loss) per share | $ | (28,655) | 236,975 | $ | (0.12) | $ | 50,712 | 245,726 | $ | 0.21 | $ | 38,905 | 247,705 | $ | 0.16 | |||||||||||||||||||||||||||||||||||||||||
Historical Timeline
| Fiscal Year | Filed | |
|---|---|---|
| 2024 | Mar 4, 2025 | Showing above |
| 2020 | Mar 9, 2021 | |
| 2019 | Mar 16, 2020 | |
About Earnings Per Share Disclosures
The earnings per share disclosure breaks down the calculation from net income to both basic and diluted EPS, revealing the full impact of a company's capital structure on per-share economics. The reconciliation between basic and diluted share counts exposes how many stock options, RSUs, convertible securities, and warrants are potentially dilutive to existing shareholders.
Key signals: a widening gap between basic and diluted shares indicates growing dilution from equity compensation or convertible instruments. Anti-dilutive securities excluded from the diluted calculation deserve attention — they represent latent dilution that will materialize if the stock price rises. Watch for the effect of share buybacks on per-share metrics: EPS growth driven primarily by repurchases rather than income growth signals weakening fundamentals. Compare year-over-year changes in the diluted share count against equity compensation expense to assess whether management is effectively managing dilution.