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WillScot Mobile Mini Holdings Corp. - WSC STOCK NEWS

Welcome to our dedicated page for WillScot Mobile Mini Holdings news (Ticker: WSC), a resource for investors and traders seeking the latest updates and insights on WillScot Mobile Mini Holdings stock.

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) is a prominent business services provider headquartered in Phoenix, Arizona. Specializing in innovative and flexible temporary space solutions, WillScot Mobile Mini combines over 50 years of experience with a diverse range of products to meet the needs of various industries.

The company operates primarily in two segments: Modular Solutions and Storage Solutions. The Modular Solutions segment, which generates the majority of the company's revenue, includes modular office complexes, mobile offices, classrooms, temporary restrooms, clearspan structures, and blast protective and climate-controlled units. In addition, their Storage Solutions segment offers portable storage containers, climate-controlled storage units, and a thoughtfully curated selection of furnishings, appliances, and other turnkey services.

WillScot Mobile Mini serves a wide array of markets, including construction, education, energy, industrial, commercial/retail, healthcare, and government sectors. The company boasts a robust network of approximately 240 branch locations and additional drop lots across the United States, Canada, and Mexico, allowing them to ensure timely and efficient service.

Recent achievements highlight the company's strong financial performance and strategic growth initiatives. In Q3 2023, WillScot Mobile Mini reported record Free Cash Flow of $148 million, driven by robust pricing and Value-Added Products (VAPS) penetration. The company also successfully reinvested $494 million in tuck-in acquisitions, enhancing its portfolio with North America's leading cold storage leasing platform and a premium large clearspan structures platform, positioning it for continued growth.

Moreover, WillScot Mobile Mini recently announced a definitive agreement to acquire McGrath RentCorp, a transaction expected to close in the second quarter of 2024. This acquisition aims to expand the company's geographic footprint and diversify its platform, thus providing enhanced value to more than 85,000 customers.

For further information, visit the company’s website at www.willscotmobilemini.com.

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WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC), a leader in innovative temporary space solutions, has announced that it will release its second quarter 2024 financial results on August 1, 2024, after market close. The company's CEO, Brad Soultz, and President and CFO, Tim Boswell, will host a conference call and webcast on the same day at 5:30 p.m. ET to discuss the results.

Participants can access the live call by phone through a registration link and are advised to dial in 15 minutes before the scheduled start time. A live webcast will also be available on the company's website, with an archived version accessible for 12 months following the call.

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WillScot Mobile Mini Holdings has announced the pricing of a $500 million senior secured notes offering through its subsidiary, Williams Scotsman. The notes, carrying a 6.625% interest rate, are due in 2029 and were priced at 100% of their face value. The offering is expected to close around June 28, 2024, subject to customary conditions. The proceeds will be used to repay $493.5 million of the company's existing ABL credit facility and cover related fees and expenses. The notes are offered to qualified institutional buyers and international investors, in compliance with Rule 144A and Regulation S under the Securities Act of 1933.

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WillScot Mobile Mini Holdings, a leader in temporary flexible space solutions, announced a $500 million senior secured notes offering by its subsidiary, Williams Scotsman. The notes, due 2029, will be guaranteed by WSI's domestic subsidiaries and intended to repay outstanding borrowings of approximately $493.5 million under its current ABL credit facility. The offering is aimed at institutional buyers under Rule 144A and non-U.S. persons per Regulation S. The notes won't be registered under the Securities Act and can't be sold in the U.S. without registration or an applicable exemption.

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McGrath RentCorp (Nasdaq: MGRC) has scheduled a special shareholder meeting on July 11, 2024, to vote on its proposed acquisition by WillScot Mobile Mini (Nasdaq: WSC).

The virtual meeting will occur at 2:00 PM Pacific Time via webcast. Shareholders of record as of May 31, 2024, are eligible to participate. For more information on the meeting and proposals, refer to the definitive proxy statement.

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WillScot Mobile Mini Holdings Corp. reported solid first quarter 2024 results, with a 4% revenue increase to $587 million and $56 million income from continuing operations. Adjusted EBITDA remained flat at $248 million, with a 40% rise in net cash provided by operating activities and free cash flow. The company maintained its FY 2024 Adjusted EBITDA outlook of $1,125 million to $1,200 million, representing 6% to 13% growth. WillScot Mobile Mini returned $595 million to shareholders through share repurchases and expects to close the McGrath RentCorp acquisition in 2024.

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WillScot Mobile Mini Holdings Corp. announced its participation in several investor conferences in May and June 2024, including Oppenheimer Industrial Growth Conference, Barclays Americas Select Franchise Conference, and more. Portfolio managers and analysts can request meetings by contacting their sales representatives at the sponsoring firms.
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WillScot Mobile Mini Holdings Corp. announced the release of its first quarter 2024 financial results on May 2, 2024, after market close. The conference call and webcast will be hosted by CEO Brad Soultz and CFO Tim Boswell at 5:30 p.m. ET on the same day. Participants can access the live call and webcast through the provided links. An archived version of the webcast will be available for 12 months post the call.
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WillScot Mobile Mini Holdings Corp. reported strong financial performance in 2023, with revenue increasing by 10% to $2.36 billion and Adjusted EBITDA growing by 20% to $1.06 billion. The company generated $577 million of Free Cash Flow, returned $811 million to shareholders through share repurchases, and maintained leverage within target range. For 2024, they expect Adjusted EBITDA to range from $1.125 billion to $1.2 billion, representing 6% to 13% growth. The pending acquisition of McGrath RentCorp is expected to further accelerate their growth.
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WillScot Mobile Mini Holdings Corp. announced the participation of its executives in the Barclays Industrial Select Conference in Miami. Tim Boswell, President and CFO, and Nick Girardi, Sr. Director of Treasury & Investor Relations, will host private investor meetings and a fireside chat at the conference on February 22, 2024.
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WillScot Mobile Mini Holdings Corp. announced the release of its fourth quarter and fiscal year 2023 financial results on February 20, 2024, after market close. President and CEO Brad Soultz and CFO Tim Boswell will host a conference call and webcast to discuss the results. The company also plans to host an Investor Day later this year following its recently announced definitive agreement to acquire McGrath RentCorp (NASDAQ: MGRC).
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FAQ

What does WillScot Mobile Mini Holdings Corp. do?

WillScot Mobile Mini Holdings Corp. provides innovative and flexible temporary space and storage solutions, serving a wide range of industries through its Modular and Storage Solutions segments.

Where is WillScot Mobile Mini Holdings Corp. headquartered?

The company is headquartered in Phoenix, Arizona.

What are the main segments of WillScot Mobile Mini Holdings Corp.?

The main segments are Modular Solutions and Storage Solutions.

Which markets does WillScot Mobile Mini serve?

The company serves the construction, education, energy, industrial, commercial/retail, healthcare, and government sectors.

How many branch locations does WillScot Mobile Mini operate?

WillScot Mobile Mini operates approximately 240 branch locations across the United States, Canada, and Mexico.

What recent achievements has WillScot Mobile Mini reported?

In Q3 2023, the company reported record Free Cash Flow of $148 million and reinvested $494 million in tuck-in acquisitions.

What is the significance of the McGrath RentCorp acquisition?

The acquisition of McGrath RentCorp aims to expand WillScot Mobile Mini’s geographic footprint, diversify its platform, and provide enhanced value to over 85,000 customers.

How can I access the latest news and updates about WillScot Mobile Mini?

You can access the latest news and updates on the company’s website at www.willscotmobilemini.com.

What products does WillScot Mobile Mini offer?

The company offers modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, climate-controlled storage units, clearspan structures, and various Value-Added Products and services.

Who are the key leaders of WillScot Mobile Mini?

Key leaders include Chief Executive Officer Brad Soultz and President and Chief Financial Officer Tim Boswell.

WillScot Mobile Mini Holdings Corp.

Nasdaq:WSC

WSC Rankings

WSC Stock Data

7.93B
189.19M
2.61%
103.48%
8.04%
Water and Sewer Line and Related Structures Construction
Construction
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United States of America
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