Core Insights - WillScot Holdings Corporation reported second quarter 2025 results that were broadly in line with expectations, highlighting an Adjusted EBITDA Margin of 42.3% and an Adjusted Free Cash Flow Margin of 22.1% [3][5][6] - The company narrowed its full-year 2025 outlook for revenue and Adjusted EBITDA, reflecting mixed market conditions and macroeconomic views for the second half of the year [3][5][6] Financial Performance - Revenue for Q2 2025 was $589 million, a decrease of 2.5% from $605 million in Q2 2024 [4][5] - Net income for the quarter was $47.9 million, compared to a net loss of $46.9 million in the same quarter last year [4][5] - Adjusted Net Income was $49.2 million, down from $75 million year-over-year [4][5] - Adjusted EBITDA for the quarter was $248.9 million, with a margin of 42.3%, slightly down from 43.6% in Q2 2024 [4][5][6] Cash Flow and Capital Allocation - The company generated $205 million in net cash from operating activities, up 17% year-over-year, resulting in $130 million of Adjusted Free Cash Flow [5][6] - WillScot deployed approximately $134 million towards tuck-in acquisitions and returned $53 million to shareholders through share repurchases and dividends [3][5][6] - The expected Adjusted Free Cash Flow for FY 2025 is projected to be between $500 million and $550 million [5][6] Market Outlook - Leasing revenues were $443 million, reflecting a 2.0% sequential improvement but a 3.4% decline compared to the prior year, with average monthly rates increasing by 5.2% for modular space units and 7.2% for portable storage units [5][6] - The company has narrowed its revenue outlook for FY 2025 to a range of $2.3 billion to $2.35 billion and Adjusted EBITDA to $1 billion to $1.02 billion [6][8] Capital Structure and Debt - Total debt stood at $3.7 billion, with a net debt of $3.7 billion, resulting in a Net Debt to Adjusted EBITDA ratio of 3.6x [9][34] - The company maintained approximately $1.6 billion in availability under its asset-backed revolving credit facility [9][34]

Core Insights - New dividends are often indicative of a company's commitment to returning value to shareholders, suggesting potential for future increases in payouts [2][3] Group 1: New Dividends Overview - Millrose Properties (MRP) launched with an 8% yield, focusing on residential land development and selling homesites back to homebuilders like Lennar [4][5] - Bristow Group (VTOL) is a global helicopter transportation provider, primarily serving the offshore energy sector, and plans to initiate a dividend of 12.5 cents quarterly starting in February 2026 [10][11][14] - WillScot Holdings (WSC) announced a 7-cent quarterly dividend, despite potential revenue contraction in 2025, indicating room for future dividend growth [15][16][17] - Western Digital (WDC) initiated a 10-cent quarterly dividend after spinning off its NAND flash memory business, despite a history of cyclical losses [18][21][23] - Regeneron Pharmaceuticals (REGN) announced an 88-cent quarterly dividend amid concerns over declining sales of its key drug Eylea, with expectations for stabilization in revenues and profits by 2026 [24][30]

Core Points - WillScot Holdings Corporation will release its second quarter 2025 financial results on July 31, 2025, after market close [1] - A conference call and webcast will be hosted by the management team on the same day at 5:30 p.m. EDT 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 [3] - WillScot operates from 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 [3]

Core Insights - WillScot Holdings Corporation has announced its role as the presenting sponsor for the Borchetta Bourbon Music City Grand Prix, in partnership with Penske Entertainment Corp, highlighting its commitment to providing innovative space solutions for large-scale events [1][2] Company Overview - WillScot is recognized as North America's leading provider of temporary space solutions, offering a comprehensive range of products including modular office complexes, mobile offices, classrooms, temporary restrooms, 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] Event Sponsorship Details - The Borchetta Bourbon Music City Grand Prix will take place at Nashville Superspeedway during Labor Day weekend, with WillScot providing temporary space solutions to enhance event operations and fan experience [2][3] - WillScot's offerings for the event include a two-story FLEX® modular building with an observation deck and a modular beverage bar, aimed at elevating the overall experience for attendees [2] Partnership Significance - The partnership with Penske Entertainment Corp positions WillScot as the preferred temporary space supplier for NTT INDYCAR SERIES and Indianapolis Motor Speedway races for the 2025-2027 seasons, showcasing the company's strategic alignment with major sporting events [2][3]

Core Insights - WillScot Holdings Corporation has launched "Solar Power by WillScot," a proprietary solar energy solution designed to provide clean and reliable power for its temporary space solutions [1][2] - This innovative power solution is fully integrated with WillScot's modular space offerings, allowing for flexible energy sourcing and cost reduction compared to traditional power generation methods [2][3] Company Overview - WillScot is a leading provider of innovative temporary space solutions in North America, offering a wide range of products including modular offices, mobile classrooms, and portable storage containers [4] - The company operates approximately 260 branch locations across the United States, Canada, and Mexico, serving diverse customer segments across various sectors of the economy [4] Product Features - Solar Power by WillScot can function as a standalone energy source or in conjunction with generators and the grid, providing scalable and sustainable power solutions [2] - The solution aims to reduce emissions, lower operating costs, and enhance efficiency for customers, supported by WillScot's local service network [3]

Core Insights - WillScot Holdings Corporation is a leader in innovative temporary space solutions and will participate in several investor conferences in June 2025 [1][4]. Company Overview - WillScot is listed on the Nasdaq under the ticker symbol "WSC" and is the premier provider of turnkey space solutions in North America [2]. - 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 [2]. - WillScot 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 [2]. Upcoming Investor Conferences - Stifel Cross Sector Insights Conference on June 3, 2025, in Boston, Massachusetts [4]. - Baird Global Consumer, Tech & Services Conference on June 4, 2025, in New York, New York [4]. - Wells Fargo Industrials & Materials Conference on June 10, 2025, in Chicago, Illinois [4].

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]

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, ...

Core Insights - WillScot (WSC) reported a revenue of $559.55 million for the quarter ended March 2025, reflecting a decrease of 4.7% year-over-year and a slight miss of 0.48% against the Zacks Consensus Estimate of $562.22 million [1] - The earnings per share (EPS) for the quarter was $0.24, down from $0.29 in the same quarter last year, resulting in an EPS surprise of -14.29% compared to the consensus estimate of $0.28 [1] Revenue Breakdown - Leasing revenue amounted to $434.39 million, which was below the average estimate of $448.46 million, marking a year-over-year decline of 5.7% [4] - Delivery and installation revenue was reported at $88.66 million, slightly above the estimated $88.54 million, but down 11.7% from the previous year [4] - Total leasing and services revenue was $523.05 million, compared to the average estimate of $537.01 million [4] - Sales revenue from rental units was $14.06 million, below the estimated $14.45 million, but showed a year-over-year increase of 10.6% [4] - Sales revenue from new units reached $22.44 million, significantly exceeding the average estimate of $16.10 million, representing a year-over-year growth of 66.2% [4] Stock Performance - Over the past month, WillScot's shares have declined by 13.4%, contrasting with a minor decrease of 0.7% in the Zacks S&P 500 composite [3] - The stock currently holds a Zacks Rank 3 (Hold), suggesting it may perform in line with the broader market in the near term [3]

Company Performance - WillScot reported quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.28 per share, and down from $0.29 per share a year ago [1][2] - The company posted revenues of $559.55 million for the quarter, missing the Zacks Consensus Estimate by 0.48%, and down from $587.18 million year-over-year [3] Earnings Surprise and Trends - The earnings surprise for the quarter was -14.29%, and over the last four quarters, the company has only surpassed consensus EPS estimates once [2] - The estimate revisions trend for WillScot is mixed, currently translating into a Zacks Rank 3 (Hold), indicating expected performance in line with the market [7] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.37 on revenues of $597.91 million, and for the current fiscal year, it is $1.60 on revenues of $2.39 billion [8] - The outlook for the Real Estate - Operations industry, to which WillScot belongs, is currently in the bottom 40% of Zacks industries, which may impact stock performance [9]