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WillScot Introduces Innovative Power Solution – Solar Power by WillScot
Globenewswire· 2025-06-04 14:00
PHOENIX, June 04, 2025 (GLOBE NEWSWIRE) -- WillScot Holdings Corporation (“WillScot” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary space solutions, announced Solar Power by WillScot, a proprietary power solution that redefines how energy is delivered —bringing clean, reliable power to virtually any site, and unlocking new possibilities for how and where people work. Solar Power by WillScot was designed to provide immediate energy production and battery storage wherever WillScot’s tempora ...
WillScot Announces Investor Conference Schedule for June 2025
Globenewswire· 2025-05-14 20:05
PHOENIX, May 14, 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: Stifel Cross Sector Insights ConferenceDate: June 3, 2025Location: Boston, Massachusetts Baird Global Consumer, Tech & Services ConferenceDate: June 4, 2025Location: New York, New York Wells Fargo Industrials & Materials ConferenceDate: June 1 ...
WillScot Announces Partnership with Penske Entertainment Corp. to Sponsor NTT INDYCAR SERIES, Indianapolis Motor Speedway
Globenewswire· 2025-05-07 19:17
Core Insights - WillScot Holdings Corporation has partnered with Penske Entertainment Corp. to provide temporary space solutions for the NTT INDYCAR SERIES and Indianapolis Motor Speedway for the 2025, 2026, and 2027 seasons [1][2] Company Overview - WillScot is a leading provider of innovative and turnkey space solutions in North America, offering a comprehensive range of products including modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, and climate-controlled units [4] - The company operates from approximately 260 branch locations across the United States, Canada, and Mexico, serving diverse customer segments across various sectors of the economy [4] Partnership Details - The partnership with Penske Entertainment Corp. positions WillScot as the preferred supplier for large-scale events, emphasizing the company's commitment to delivering efficient and safe space solutions that enhance the fan experience [2][3] - Penske Entertainment Corp. owns the Indianapolis Motor Speedway and the NTT INDYCAR SERIES, which is recognized as the premier open-wheel racing series in North America [2][3]
WillScot Mobile Mini (WSC) - 2025 Q1 - Earnings Call Presentation
2025-05-02 07:21
QUARTERLY INVESTOR PRESENTATION FIRST QUARTER 2025 2 May 1, 2025 SAFE HARBOR Forward Looking Statements This presentation contains forward-looking statements (including the guidance/outlook contained herein) within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Section 21E of the Securities Exchange Act of 1934, as amended. The words "estimates," "expects," "anticipates," "believes," "forecasts," "plans," "intends," "may," "will," "should," "shall," "outlook," "guidance," "see, ...
WillScot (WSC) Q1 Earnings: Taking a Look at Key Metrics Versus Estimates
ZACKS· 2025-05-01 23:35
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) Q1 Earnings and Revenues Miss Estimates
ZACKS· 2025-05-01 22:50
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 ...
WillScot Mobile Mini (WSC) - 2025 Q1 - Earnings Call Transcript
2025-05-01 22:32
WillScot Mobile Mini (WSC) Q1 2025 Earnings Call May 01, 2025 05:30 PM ET Company Participants Charlie Wohlhuter - Senior Director of Investor RelationsBradley L. Soultz - CEOTimothy Boswell - President & COOMatthew Jacobsen - EVP & CFOScott Schneeberger - Managing DirectorRonan Kennedy - Vice PresidentFaiza Alwy - Managing Director, US Company ResearchPhilip Ng - Managing DirectorAngel Castillo - Executive DirectorTim Mulrooney - Group Head–Global ServicesJean Veliz - Senior Research AssociateSteven Ramsey ...
WillScot Mobile Mini (WSC) - 2025 Q1 - Earnings Call Transcript
2025-05-01 21:30
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]
WillScot Mobile Mini (WSC) - 2025 Q1 - Quarterly Report
2025-05-01 21:00
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 ...
WillScot Mobile Mini (WSC) - 2025 Q1 - Quarterly Results
2025-05-01 20:12
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 ...