For the quarter ended March 2025, WillScot (WSC) reported revenue of $559.55 million, down 4.7% over the same period last year. EPS came in at $0.24, compared to $0.29 in the year-ago quarter.The reported revenue represents a surprise of -0.48% over the Zacks Consensus Estimate of $562.22 million. With the consensus EPS estimate being $0.28, the EPS surprise was -14.29%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street exp ...

WillScot (WSC) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.28 per share. This compares to earnings of $0.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -14.29%. A quarter ago, it was expected that this maker of portable classrooms, mobile offices and storage units would post earnings of $0.47 per share when it actually produced earnings of $0.49, delivering a surprise of ...

Financial Data and Key Metrics Changes - In Q1 2025, total revenue was $560 million, a decline of 5% year over year, primarily due to lower volumes [15][16] - Adjusted EBITDA for the quarter was $229 million, with a margin of 40.9%, reflecting a year-over-year margin decline of 130 basis points [17][18] - Adjusted free cash flow amounted to $145 million at a 26% margin, which was 120 basis points higher year over year [20] Business Line Data and Key Metrics Changes - Average units on rent decreased by 5% year over year for modular and 16% for storage, aligning with expectations [15] - Total leasing revenue fell by $26 million or 6% year over year, while delivery and installation revenue decreased by $12 million or 12% [16] - Value-added products and services (VAPS) represented over 17% of total revenue, indicating growth in this segment despite a decline in consolidated units on rent [19] Market Data and Key Metrics Changes - The pending order book increased by 7% year over year for both modular and storage products, supporting expected new lease activations in Q2 [6][11] - The Architectural Billings Index was reported at 44 in March, with Q1 non-residential construction square footage starts down 17% year over year, indicating market caution [11] Company Strategy and Development Direction - The company aims to achieve $3 billion in revenue, $1.5 billion in adjusted EBITDA, and $700 million in adjusted free cash flow over the next three to five years [7] - There is a focus on margin expansion initiatives and leveraging a portfolio of growth levers valued at $2.5 billion [7] - The company is actively adding sales resources and enhancing productivity tools to drive performance across local and enterprise accounts [12][14] Management's Comments on Operating Environment and Future Outlook - Management remains cautious due to macroeconomic uncertainties but is encouraged by the order book growth and internal initiatives [11][14] - The company expects continued easing of volume headwinds, with modest top-line growth anticipated in the second half of the year [23][24] - Management is closely monitoring the impact of tariffs and labor market conditions on demand and operational performance [25][26] Other Important Information - The company successfully refinanced its 2025 senior secured notes, extending maturity to February 2030 at a fixed interest rate of 6.625% [20] - A total of $45 million was returned to shareholders through share repurchases and dividends in Q1 [22] Q&A Session Summary Question: Comments on the order book and conversion time - Management noted that quoting activity has increased by 10% year over year, with no observed changes in conversion or cancellation rates [34] Question: Details on VAPS and average pricing - Management explained that the shift to reporting VAPS as a percentage of revenue reflects the expanded portfolio and deeper penetration across product lines [39] Question: Q2 top line outlook and expected volume trends - Management expects Q2 revenues to improve sequentially, with no anticipated decline in volumes, particularly for modular products [44] Question: Insights on retail customer segment demand - Management indicated that there has been no change in the outlook for retail-related demand, with ongoing positive conversations with larger accounts [52] Question: Discussion on logistics and margin improvement - Management expressed optimism about logistics margins improving as in-sourcing initiatives progress and operational efficiencies are realized [70] Question: Pricing dynamics in an inflationary environment - Management believes that inflationary pressures can be beneficial, as they have the capability to pass through costs due to owning their fleet and in-house capabilities [74]

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended March 31, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ________ to ________ Commission File Number: 001-37552 WILLSCOT HOLDINGS CORPORATION (Exact name of registrant as specified in its charter) (State or other jurisdiction ...

Q1 2025 1, 2 Brad Soultz, Chief Executive Officer of WillScot, commented "Our first quarter financial results were consistent with our expectations and support reaffirming our previously issued full year 2025 outlook. We delivered $145 million of Adjusted Free Cash Flow at a 26% margin, returned $45 million to shareholders, and progressed our acquisition pipeline. In addition to our focus on day-to-day execution, we continued investing in the business to support our medium-to-longer term margin expansion an ...

Core Insights - WillScot Holdings Corporation reported first quarter 2025 results that align with expectations, reaffirming its full-year outlook for 2025 [3][6] - The company generated $145 million in Adjusted Free Cash Flow with a margin of 26%, and returned $45 million to shareholders [3][5] - Despite macroeconomic uncertainties, the pending order book increased by 7% year-over-year, supporting anticipated lease activations in the second quarter [3][5] Financial Performance - Revenue for Q1 2025 was $559.6 million, down from $587.2 million in Q1 2024 [4][19] - Net income decreased to $43.1 million from $56.2 million year-over-year [4][20] - Adjusted EBITDA was $228.8 million, with a margin of 40.9%, compared to $248.0 million and 42.2% in the previous year [4][30] Shareholder Returns - The company returned $45 million to shareholders through share repurchases and dividends [5][6] - Approximately 1.1 million shares were repurchased for $32 million, contributing to a 3.9% reduction in outstanding shares over the past year [9][5] Capital Expenditures and Investments - WillScot invested $62 million in Net CAPEX during the first quarter, focusing on fleet expansion and new product lines [6][9] - The company maintained a strong balance sheet, with total debt at $3.6 billion and net debt at $3.6 billion [9][31] Outlook - The company reaffirmed its full-year 2025 outlook for revenue between $2.275 billion and $2.475 billion, and Adjusted EBITDA between $1 billion and $1.09 billion [8][7] - WillScot aims to achieve three-to-five-year financial milestones of $3 billion in revenue, $1.5 billion in Adjusted EBITDA, and $700 million in Adjusted Free Cash Flow [3][5]

PHOENIX, May 01, 2025 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary space solutions, today announced that its Board of Directors has declared a quarterly dividend of $0.07 per common share. The cash dividend will be paid on June 18, 2025, to shareholders of record as of the close of business on June 4, 2025. About WillScot Listed on the Nasdaq stock exchange under the ticker symbol “WSC,” WillScot is the premier provider of hi ...

PHOENIX, April 24, 2025 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary space solutions, today announced that it will participate in the following investor conferences in the upcoming month: Barclays Americas Select Franchise ConferenceDate: May 6, 2025Location: London, United Kingdom Oppenheimer 20th Annual Industrial Growth ConferenceDate: May 7, 2025Location: Virtual Bank of America Industrials, Transportation & Airlines Key ...

PHOENIX, April 16, 2025 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary flexible space solutions, today announced that it will release its first quarter 2025 financial results on May 1, 2025, after market close. The Company’s management team will host a conference call and webcast on May 1, 2025, at 5:30 p.m. EDT to discuss the Company’s results. To access the live call by phone, use the following link by clicking here to obtain ...

Core Viewpoint - WillScot Holdings Corporation has successfully completed its Consent Solicitations for its existing Senior Secured Notes, allowing for proposed amendments to the indentures governing these notes [1][2]. Group 1: Consent Solicitations - The Consent Solicitations for the 6.625% Senior Secured Notes due 2029 and the 7.375% Senior Secured Notes due 2031 expired on March 21, 2025, at 5:00 p.m. New York City time [2]. - More than 66 2/3% of the holders of the outstanding 2029 Notes and 2031 Notes delivered valid consents, representing approximately 88% of the $500 million total outstanding principal amount of the 2029 Notes and approximately 83% of the $500 million total outstanding principal amount of the 2031 Notes [2]. Group 2: Financial Considerations - The Company will pay a total cash consideration of $500,000 to the holders of the Existing Notes who delivered valid consents, equating to approximately $0.57 per $1,000 principal amount of 2029 Notes and approximately $0.60 per $1,000 principal amount of 2031 Notes [3]. Group 3: Next Steps - Following the receipt of the requisite consents, WillScot intends to enter into supplemental indentures for the Existing Notes, which will become effective upon execution on March 24, 2025 [4]. Group 4: Company Overview - WillScot is a leading provider of innovative temporary space solutions in North America, offering a wide range of products including modular office complexes, mobile offices, and portable storage containers [6]. - The Company operates approximately 260 branch locations across the United States, Canada, and Mexico, serving diverse customer segments across various sectors of the economy [6].