WillScot Holdings Stock Price, News & Analysis

WillScot Mobile Mini Holdings Corp. (WSC) has completed acquisitions of American Mobile Leasing, Equipe Container Services, and Saf-T-Box, enhancing its modular space and portable storage portfolio. These transactions add approximately 11,000 storage units across the U.S., funded with cash and credit. CEO Brad Soultz emphasized the strategic fit and seamless integration of these companies, positioning WillScot for further growth in key markets. The acquisitions reflect the company’s commitment to organic and inorganic growth, aiming to amplify returns through technology and operational best practices.

WillScot Mobile Mini (Nasdaq: WSC) announced the closure of an underwritten secondary offering of 21,410,019 shares at $28.50 per share, solely by TDR Capital. The Company did not participate in this offering and received no proceeds. Additionally, WillScot Mobile Mini repurchased 2,379,839 shares from the seller. Post-offering, 223,993,904 shares remain outstanding, with nearly all held by non-affiliates. The resignation of Board member Stephen Robertson marks a significant leadership shift, allowing for potentially enhanced governance as the company focuses on growth.

On September 13, 2021, WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC), a top North American provider of modular space and storage solutions, announced that CEO Brad Soultz and CFO Tim Boswell will host private meetings at the DA Davidson Diversified Industrials & Services Conference on September 22, 2021.

Headquartered in Phoenix, Arizona, WillScot Mobile Mini operates approximately 275 locations across the U.S., Canada, Mexico, and the U.K., offering innovative workspace and portable storage solutions to various market sectors.

WillScot Mobile Mini Holdings Corp. (WSC) announced that President & CFO Tim Boswell will present and conduct private meetings at the 2021 Morgan Stanley Virtual Laguna Conference on September 14, 2021, at 2:15 p.m. EDT. The company, based in Phoenix, Arizona, specializes in turnkey modular space and portable storage solutions, serving diverse markets through around 275 branch locations across the U.S., Canada, Mexico, and the UK. More information is available at willscotmobilemini.com.

WillScot Mobile Mini Holdings Corp. (WSC) announced the pricing of a secondary offering of 21,410,019 shares at $28.50 each, managed by Sapphire Holding S.à r.l., controlled by TDR Capital. The offering will close on September 14, 2021, with no proceeds going to the company. Additionally, WillScot will repurchase 2,379,839 shares from the Selling Stockholder at the offering price, funded through the ABL Credit Facility. Forward-looking statements caution regarding market conditions and potential changes to the offering size.

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced a secondary offering of 21,410,019 shares, sold by Sapphire Holding S.à r.l., controlled by TDR Capital. The company itself is not selling any shares and will not receive proceeds. Additionally, it plans to repurchase 2,379,839 shares from the selling stockholder at the same price as the offering. This buyback will be funded through borrowings under its ABL Credit Facility and is expected to close concurrently with the offering.

WillScot Mobile Mini Holdings Corp. has promoted Tim Boswell to President, continuing his role as Chief Financial Officer, as part of a strategic leadership plan. The Board extended employment contracts for both CEO Brad Soultz and CFO Boswell through 2026, which include performance-based stock grants linked to share price milestones. The grants will vest if the share price reaches at least $42.50, aiming for a maximum of $60.00, representing potential significant gains over current prices.

WillScot Mobile Mini Holdings Corp. (WSC) reported second-quarter 2021 revenues of $461.1 million, a 79.5% increase year-over-year, primarily due to the merger with Mobile Mini. Adjusted EBITDA rose 80.0% to $175.5 million. The company generated $82.1 million in free cash flow, reflecting a margin of 18%. Modular space rental rates surged by 19.7% in North America. Management announced an Investor Day on November 8, 2021, focusing on showcasing post-merger growth initiatives and operational integration successes.

WillScot Mobile Mini Holdings Corporation (WSC) announced the release of its second quarter 2021 financial results on August 5, 2021, after market close. CEO Brad Soultz and CFO Tim Boswell will hold a conference call on August 6, 2021, at 10:00 a.m. EDT to discuss these results. Investors can join the call by dialing (855) 312-9420 for the US/Canada or (210) 874-7774 for international access. The call will also be webcast live on the company's website, with an archived version available for 60 days.