Core Viewpoint - WillScot Holdings Corporation has amended its asset-based lending credit facility to reduce borrowing costs and extend the maturity date to October 16, 2030, enhancing its liquidity position and growth capacity [1][2]. Summary by Sections Credit Facility Amendments - The credit facility has been right-sized to $3.0 billion, with an accordion feature expanded to $1.0 billion, allowing for significant growth capacity [2][4]. - The interest rate spreads above Term SOFR and Term CORRA have been reduced to a maximum of 137.5 basis points, down from 160 basis points, resulting in initial savings of 22.5 basis points [2][3]. Financial Impact - The company anticipates annual cash interest expense savings of approximately $5.0 million at current borrowing levels, with potential for further reductions [2]. - Additional interest rate reductions of 12.5 basis points will occur after September 30, 2026, if certain conditions regarding average availability and net leverage are met [3]. Current Financial Position - As of the transaction close, WillScot had approximately $1.4 billion in available borrowing capacity under the amended facility [4]. - The aggregate principal amount of the credit facility has been reduced from $3.7 billion to $3.0 billion, which will lower undrawn line fees [4]. Institutional Support - The amended facility is supported by a syndicate of financial institutions, with Bank of America N.A. serving as the Administrative Agent and Collateral Agent [5].

Core Viewpoint - WillScot Holdings Corporation will release its third quarter 2025 financial results on November 6, 2025, after market close, followed by a conference call to discuss the results [1] Financial Results Announcement - The financial results will be released on November 6, 2025, after market close [1] - A conference call and webcast will be held on the same day at 5:30 p.m. EST to discuss the results [1] Conference Call Access - Participants can access the live call by phone, with North America dialing 1-833-630-1956 and international participants dialing 1-412-317-1837 [2] - A live webcast will be available on the company's website, with an archived version accessible for 12 months post-call [2] Investor Conference Participation - WillScot will participate in the Baird Global Industrial Conference on November 12 & 13, 2025, in Chicago, Illinois [3] - Portfolio managers and analysts interested in in-person meetings should contact their sales representative [3] Company Overview - WillScot is a leading provider of innovative temporary flexible space solutions in North America, listed on Nasdaq under the ticker symbol "WSC" [4] - The company offers a comprehensive range of products, including modular office complexes, mobile offices, classrooms, and more, ensuring turnkey solutions for diverse customer segments [4] - Headquartered in Phoenix, Arizona, WillScot operates approximately 260 branch locations across the United States, Canada, and Mexico [4]

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 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 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 Viewpoint - WillScot Holdings Corporation has declared a quarterly dividend of $0.07 per common share, which will be paid on June 18, 2025, to shareholders of record as of June 4, 2025 [1] Company Overview - WillScot is a leading provider of innovative temporary space solutions in North America, listed on the Nasdaq under the ticker symbol "WSC" [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, along with furnishings and supplementary services [2] - Headquartered in Phoenix, Arizona, 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]