Ryan McMonagle

Chief Executive Officer, Custom Truck One Source, Inc.

Search every verified Ryan McMonagle interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Ryan McMonagle, Chief Executive Officer of Custom Truck One Source, discussed the company’s transition to a two-segment reporting framework during an April 1, 2026 webinar. He explained that the new structure, effective in Q1 2026, consolidates rental-related parts, tools, accessories, and service work into the specialty equipment rental (SER) segment, while sales-led aftermarket activity and longer-cycle support tied to equipment sales move into the specialty truck equipment and manufacturing (STEM) segment. McMonagle stated that this framework creates a clearer distinction between the company’s two core growth platforms and better reflects the differing margin profiles and capital intensity of each segment. McMonagle also noted that approximately $99 million of shared corporate expenses for 2025 would remain in a corporate and eliminations column, rather than being allocated to the operating segments. He highlighted that the segment financials would include intersegment revenue and margin, citing that for 2025 this would have added $465 million in revenue and $75 million in gross profit to the STEM segment. He emphasized that the recast figures for 2024 and 2025 are illustrative and not intended as a restatement of prior results.