Sign in

Mike Schlitzky

Managing Director and Senior Equity Research Analyst at D.A. Davidson

Michael Shlisky is a Managing Director and Senior Equity Research Analyst at D.A. Davidson, specializing in industrials with a focus on mobile equipment, specialty vehicles, alternative transportation, and industrial technology. He covers companies such as Wabash National, REV Group, Blue Bird, Lakeland Industries, The Toro Company, Caterpillar, Deere, and Douglas Dynamics, and his stock recommendations have produced an average return of 2.8% per rating with a documented 44% success rate and some outperforming calls yielding over 600% returns. With more than 15 years of experience, Shlisky began his equity research career at J.P. Morgan, held senior analyst positions at Seaport Global Securities and Colliers Securities, and joined D.A. Davidson as Managing Director in 2021. He holds a bachelor’s degree from NYU Stern, an MBA from Duke University’s Fuqua School of Business, and is FINRA-registered with licenses including the Series 7, 63, 86, and 87.

Mike Schlitzky's questions to Custom Truck One Source (CTOS) leadership

Question · Q3 2025

Mike Schlitzky asked for an overview of performance in the infrastructure, telecom, and rail sectors, the role of Custom Truck One Source in data center-related T&D projects, and details on the CapEx plan, including potential pull-forwards and strategies for debt reduction through fleet aging.

Answer

CEO Ryan McMonagle stated overall growth across sectors, with the strongest growth in T&D. He noted some activity pickup in telecom and rail (which are less than 5% of revenue) but less growth in categories with higher inventory like dump trucks and refuse. For data center T&D, Mr. McMonagle sees it as sustained demand, with temporary generation often preceding utility transmission lines. CFO Christopher Eperjesy confirmed the ability to pull back on net CapEx investment, noting the fleet age has reduced from over four years to 2.9 years, and expects improved free cash flow by allowing the fleet to age within a competitive range.

Ask follow-up questions

Get Instant Answers from SEC Filings & Earnings Calls

Ask complex financial questions and get precise answers in seconds. Fintool scans millions of documents to surface insights beyond timely human analysis.

Search across 8,000+ companies
Access millions of SEC filings & transcripts
Get answers cited to the source
Try Fintool for Free

Trusted by leading investment firms and analysts