demand / volume affecting revenue
“Total Revenue - The increase in total revenue for the three months ended March 31, 2026, compared to the same period in 2025, was due to higher equipment sales driven by demand in service vehicles.”
CTOS 10-Q
Confirmed
Industrial Metals & Machinery
19 names are moving together; 68% are participating in the current session.
2 observed Confirmed episodes
Co-movement
Observed member paths adjusted against SPY. Shading marks the latest observation window.
Members
| TICKER | Company | Sector | Today | Observed activity |
|---|---|---|---|---|
| WS | Worthington Steel, Inc. | Basic Materials | -1.2% | 3/8 observed active sessions |
| LEA | Lear Corporation | Consumer Cyclical | -0.6% | 2/8 observed active sessions |
| IIIN | Insteel Industries, Inc. | Industrials | -1.7% | Most structurally connected |
| GNTX | Gentex Corporation | Consumer Cyclical | -1.1% | 1/8 observed active sessions |
| RYZ | Ryerson Holding Corporation | Industrials | +1.3% | 4/8 observed active sessions |
| NSSC | NAPCO Security Technologies, In | Industrials | -0.9% | Group member |
| DAN | Dana Incorporated | Consumer Cyclical | -0.3% | Group member |
| FELE | Franklin Electric Co., Inc. | Industrials | -0.4% | 2/8 observed active sessions |
| DAKT | Daktronics, Inc. | Technology | +1.4% | 1/8 observed active sessions |
| THRM | Gentherm Inc | Consumer Cyclical | +0.8% | 3/8 observed active sessions |
| CTOS | Custom Truck One Source, Inc. | Industrials | +1.2% | 1/8 observed active sessions |
| WTS | Watts Water Technologies, Inc. | Industrials | -1.3% | Group member |
| PHIN | PHINIA Inc. | Consumer Cyclical | -1.4% | 4/8 observed active sessions |
| VC | Visteon Corporation | Consumer Cyclical | -2.9% | 1/8 observed active sessions |
| PRLB | Proto Labs, Inc. | Industrials | +0.9% | Group member |
| PCAR | PACCAR Inc. | Industrials | -0.1% | 1/8 observed active sessions |
| GRC | Gorman-Rupp Company (The) | Industrials | -1.9% | 2/8 observed active sessions |
| ATKR | Atkore Inc. | Industrials | -0.9% | 1/8 observed active sessions |
| HRI | Herc Holdings Inc. | Industrials | -1.0% | 1/8 observed active sessions |
Why we believe this
Cohort
19 namesParticipation
68% this sessionObserved history
11 daily buildsFiling coverage
19/19 membersrestructuring affecting expense
“Net Earnings Net earnings for the second quarter of 2026 decreased to $5.2 million ($0.27 per share) from $10.2 million ($0.52 per diluted share) in the prior year quarter primarily due to the decrease in gross profit and interest income partially offset by lower SG&A expense and restructuring charges.”
IIIN 10-Q
restructuring
“Impairment charges of $ 1.0 million were recorded in 2025 related to the impairment of long-lived assets resulting from the consolidation of our WWR operations (see Note 5 to the consolidated financial statements).”
IIIN 10-K
This identity theme becomes less useful if activity narrows to one or two names instead of remaining broad across the cohort.
Connected, outside the group
GM
THRMcustomer · Not moving with the group now
Filing receipt · GM / THRM
“Our products supplied to General Motors and Volkswagen each represented 12% of our product revenues for the year ended December 31, 2025.”
THRM · customer
NUE
ATKRsupplier · Not moving with the group now
Filing receipt · NUE / ATKR
“Our primary suppliers of steel are Cleveland-Cliffs, Steel Dynamics and Nucor; our primary suppliers of copper are AmRod, SDI LaFarga and Nexans; and our primary supplie…”
ATKR · supplier
CMI
PCARsupplier · Not moving with the group now
Filing receipt · CMI / PCAR
“We have long-standing relationships with many of the leading manufacturers in the markets we serve, including PACCAR Inc., Traton Group, Daimler Trucks AG and Stellantis…”
PCAR · supplier
F
DANcustomer · Not moving with the group now
Filing receipt · F / DAN
“The following table summarizes the markets, products and largest customers of each of our operating segments as of December 31, 2025: Segment Markets Products Largest Cu…”
DAN · customer
ADNT
THRMcustomer · Moving with the group now · 115 min observed
Filing receipt · ADNT / THRM
“For 2025, our revenues from sales to our two largest customers, Lear Corporation (“Lear”) and Adient plc (“Adient”) were $234 million and $164 million, respectively, rep…”
THRM · customer
History
2026-07-07 → 2026-07-104 observed active sessions · 7.7% of active names held across the episode
2026-06-26 → 2026-07-024 observed active sessions · 0% of active names held across the episode