Financial Performance - Generated revenue of $603 million in Q4 2024, with a gross profit margin of 55.8% and diluted earnings per share of $0.48[5] - Full year 2024 revenue reached $2,396 million, with Adjusted EBITDA of $1,063 million and an Adjusted EBITDA margin of 44.4%[5] - Total revenues for Q4 2024 were $602.5 million, a decrease of 1.4% compared to $612.4 million in Q4 2023[20] - Gross profit for the year ended December 31, 2024, was $1.3 billion, down 2.4% from $1.33 billion in 2023[20] - Operating income for Q4 2024 was $174.4 million, slightly down from $177.2 million in Q4 2023[20] - Net income for the year ended December 31, 2024, was $28.1 million, a significant decrease from $476.5 million in 2023[20] - Adjusted EBITDA for the year ended December 31, 2024, was $1,063,160, slightly up from $1,061,465 in 2023[42] - Adjusted EBITDA from continuing operations for Q4 2024 was $284,712 thousand, slightly down from $287,802 thousand in Q4 2023, resulting in an Adjusted EBITDA Margin of 47.3% compared to 47.0% in the previous year[32] Cash Flow and Dividends - Adjusted Free Cash Flow for Q4 2024 was $137 million, representing a margin of 22.7%[5] - The company initiated a quarterly cash dividend program of $0.07 per share, with a long-term focus on increasing the dividend payment[5] - Adjusted Free Cash Flow is calculated as net cash from operating activities minus capital expenditures, indicating cash generation performance[12] - Adjusted Free Cash Flow for Q4 2024 was $136,830 thousand, down from $166,280 thousand in Q4 2023, resulting in an Adjusted Free Cash Flow Margin of 22.7% compared to 27.2%[37] Debt and Capital Expenditures - Total debt as of December 31, 2024, was $3,708 million, with a leverage ratio of 3.5x based on last 12 months Adjusted EBITDA[5] - Long-term debt increased to $3.68 billion in 2024 from $3.54 billion in 2023[22] - Net CAPEX for Q4 2024 was $(55,359) thousand, compared to $(53,042) thousand in Q4 2023, indicating increased capital expenditures[39] - The company reported a total debt of $3,708,100 thousand as of December 31, 2024[33] Operational Efficiency - The company achieved a Return on Invested Capital (ROIC) of 16.7% over the last 12 months[5] - WillScot's Adjusted EBITDA from continuing operations is a key non-GAAP financial measure that reflects net income adjusted for interest, taxes, depreciation, and non-cash items[12] - The company defines Adjusted EBITDA Margin from continuing operations as Adjusted EBITDA divided by revenue, providing insight into operational efficiency[12] - The company emphasizes the importance of Adjusted Free Cash Flow Margin as a measure of cash generation relative to revenue[12] - WillScot's ability to acquire and integrate new assets is a critical factor for achieving planned synergies and growth[16] - The company is focused on expanding its Adjusted EBITDA margin, which is essential for long-term profitability[16] Market Presence and Future Outlook - The company operates approximately 260 branch locations across the United States, Canada, and Mexico, highlighting its extensive market presence[15] - WillScot's forward-looking statements include expectations for growth in cash flow and higher returns on invested capital, indicating a positive outlook[16] - For FY 2025, the company projects revenue between $2,275 million and $2,475 million, and Adjusted EBITDA between $1,000 million and $1,090 million[5] - The company plans to host a conference call on February 20, 2025, to discuss its fourth quarter 2024 results and 2025 outlook, providing an opportunity for investor engagement[14] Asset Management - Total assets decreased to $6.03 billion in 2024 from $6.14 billion in 2023[22] - Total Assets as of December 31, 2024, were $6,034,911, a decrease from $6,137,915 in 2023[42] - Net Assets increased to $3,249,578 in 2024 from $3,203,422 in 2023[42] - Average Invested Capital for the year ended December 31, 2024, was $3,217,513, an increase from $3,124,064 in 2023[42] Taxation and Expenses - Estimated taxes for the year ended December 31, 2024, were $179,173, down from $194,645 in 2023[42] - The statutory tax rate applied was 25% for both 2024 and 2023[42] - Depreciation expenses for the year ended December 31, 2024, were $346,467, up from $312,830 in 2023[42] - The company reported a termination fee of $180 million and an impairment loss of $132.5 million for the year ended December 31, 2024[20] - Cash paid for transaction costs from terminated acquisitions amounted to $13,270 thousand in Q4 2024[37]

Core Insights - WillScot Holdings Corporation reported strong financial results for Q4 and full year 2024, highlighting a robust Adjusted EBITDA margin of 47.3% and Adjusted Free Cash Flow of $137 million, reflecting the company's sustainable cash flow profile and growth strategy [5][6][10]. Q4 2024 Results - Generated revenue of $603 million, with a gross profit margin of 55.8% and income from continuing operations of $89 million, resulting in diluted earnings per share of $0.48 [6][7]. - Adjusted EBITDA for Q4 was $285 million, with an Adjusted EBITDA margin of 47.3%, an increase of 30 basis points year-over-year [6][7]. - Net cash provided by operating activities was $179 million, achieving a margin of 29.7% [6][8]. Full Year 2024 Results - Total revenue for 2024 reached $2,396 million, with a gross profit margin of 54.3% and income from continuing operations of $28 million, leading to diluted earnings per share of $0.15 [6][7]. - Adjusted EBITDA for the year was $1,063 million, with an Adjusted EBITDA margin of 44.4% [6][7]. - The company generated net cash from operating activities of $562 million at a margin of 23.4%, including $226 million in fees from terminated acquisitions [6][7]. 2025 Outlook - The company anticipates revenue for 2025 to range between $2,275 million and $2,475 million, with Adjusted EBITDA expected between $1,000 million and $1,090 million [10][6]. - The outlook reflects expectations for continued growth in average monthly rates and expanded product offerings, while also considering moderating headwinds in units on rent [10][6]. - The company plans to hold an Investor Day on March 7, 2025, to discuss its operational strategy and long-term financial targets [10][6]. Capital Allocation and Shareholder Returns - The Board of Directors initiated a quarterly cash dividend program of $0.07 per share, with a focus on increasing the dividend over time [6][10]. - In 2024, the company returned $270 million to shareholders through the repurchase of 7.1 million shares, reducing the outstanding share count by 3.4% [6][10]. Capitalization and Liquidity - As of December 31, 2024, total debt was $3,708 million, with net debt of $3,699 million, and a leverage ratio of 3.5x based on the last 12 months Adjusted EBITDA [15][37]. - The company maintained approximately $1.6 billion in availability under its asset-backed revolving credit facility [15][6].

Core Points - WillScot Holdings Corporation has announced the initiation of a quarterly cash dividend program, reflecting its commitment to returning capital to shareholders while investing in growth [1][2] - The first dividend will be $0.07 per share, payable on March 19, 2025, to shareholders of record as of March 5, 2025 [1] - The Board will regularly assess the cash dividend program with a long-term focus on increasing the dividend payment over time [3] Company Overview - WillScot is a leading provider of innovative temporary flexible space solutions in North America, offering a comprehensive range of products including modular office complexes, mobile offices, classrooms, and portable storage containers [4] - The company operates approximately 260 branch locations and additional drop lots across the United States, Canada, and Mexico, serving diverse customer segments across all sectors of the economy [4]

Core Insights - Wall Street analysts expect WillScot (WSC) to report quarterly earnings of $0.47 per share, reflecting a year-over-year increase of 6.8% [1] - Revenue projections for the upcoming quarter are estimated at $604.87 million, which represents a decline of 1.2% compared to the same quarter last year [1] - The consensus EPS estimate has remained unchanged over the past 30 days, indicating a stable outlook from analysts [1] Revenue Breakdown - Analysts project 'Leasing and services revenue- leasing' to reach $466.62 million, down 2.4% from the prior-year quarter [4] - The estimate for 'Leasing and services revenue- Delivery and installation' is $100.35 million, indicating a decrease of 1.8% year-over-year [4] - 'Sale- Rental units' is expected to generate $14.31 million, reflecting a year-over-year increase of 2.4% [4] Additional Metrics - The combined estimate for 'Sale- New units' is projected at $22.38 million, suggesting a significant year-over-year increase of 22.2% [5] - WillScot shares have increased by 3.8% over the past month, while the Zacks S&P 500 composite has risen by 4.7% [5] - With a Zacks Rank of 4 (Sell), WSC is anticipated to underperform the overall market in the near term [5]

Core Viewpoint - WillScot Holdings Corporation will release its fourth quarter 2024 financial results on February 20, 2025, after market close, followed by a conference call to discuss the results [1] Company Overview - WillScot is a leading provider of innovative temporary flexible space solutions in North America, listed on the Nasdaq under the ticker symbol "WSC" [3] - The company offers a comprehensive range of products including modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, protective buildings, climate-controlled units, and clearspan structures, along with furnishings and supplementary services [3] - Headquartered in Phoenix, Arizona, WillScot operates approximately 270 branch locations and additional drop lots across the United States, Canada, and Mexico, serving diverse customer segments across all sectors of the economy [3]

Core Insights - WillScot Holdings Corporation has been designated as the preferred temporary space provider for the Los Angeles Rams, following the completion of a 65,000 square feet practice facility in Woodland Hills, California [1][4] - The facility was developed between February 2024 and August 2024, showcasing WillScot's expertise in modular space solutions [1][3] - The partnership highlights WillScot's capability to deliver customized space solutions quickly, with the installation completed in just two and a half months [3][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 climate-controlled units [5] - The company operates approximately 260 branch locations across the United States, Canada, and Mexico, managing around 135 million square feet of relocatable space for 85,000 customers [3][5] - WillScot's services are essential for various customer segments across all sectors of the economy [5] Project Details - The newly constructed facility includes coaches' offices, team meeting rooms, specialized athletic training spaces, locker rooms, a media room, and a meal room, tailored to the Rams' specific needs [3] - The collaboration involved close communication between WillScot's design, engineering, and installation teams and the Los Angeles Rams to ensure the facility met the team's requirements [2][4] - WillScot has previously worked with the Rams on their temporary office facility in Thousand Oaks in 2016, establishing a strong partnership [4]

PHOENIX, Jan. 09, 2025 (GLOBE NEWSWIRE) -- WillScot Holdings Corp. ("WillScot" or the "Company") (NASDAQ:WSC), a leader in innovative flexible space solutions, announced today that the Company will host an investor day on March 7, 2025. The event will take place in Phoenix, Arizona and begin at 9:00 a.m. MST. Invitations will be distributed to investors at a later date. The Company is also reaffirming its most recently stated Fiscal Year 2024 guidance. About WillScot Listed on the Nasdaq stock exchange unde ...

PHOENIX, Jan. 09, 2025 (GLOBE NEWSWIRE) -- WillScot Holdings Corp. (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative flexible space solutions, announced today that the Company will host an investor day on March 7, 2025. The event will take place in Phoenix, Arizona and begin at 9:00 a.m. MST. Invitations will be distributed to investors at a later date. The Company is also reaffirming its most recently stated Fiscal Year 2024 guidance. About WillScot Listed on the Nasdaq stock exchange und ...

WillScot Holdings Corporation (NASDAQ:WSC) Q3 2024 Earnings Conference Call October 30, 2024 5:30 PM ET Company Participants Nick Girardi - Vice President, FP&A Brad Soultz - Chief Executive Officer Tim Boswell - President & Chief Financial Officer Conference Call Participants Scott Schneeberger - Oppenheimer Steven Ramsey - TRG Andrew Wittmann - Baird Faiza Alwy - Deutsche Bank Angel Castillo - Morgan Stanley Ronan Kennedy - Barclays Philip Ng - Jefferies Operator Welcome to the Third Quarter 2024 WillScot ...

WillScot (WSC) reported $601.43 million in revenue for the quarter ended September 2024, representing a year-over-year decline of 0.6%. EPS of $0.38 for the same period compares to $0.46 a year ago. The reported revenue represents a surprise of -3.04% over the Zacks Consensus Estimate of $620.26 million. With the consensus EPS estimate being $0.48, the EPS surprise was -20.83%. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall St ...