WillScot Holdings Stock Price, News & Analysis

WillScot Holdings (Nasdaq: WSC) has announced that its subsidiary Williams Scotsman, Inc. (WSI) plans to offer $500.0 million in senior secured notes due 2030. The notes will be secured by WSI's domestic subsidiaries and parent company.

The company intends to use the proceeds, along with $33.0 million from their existing credit facility, to redeem all outstanding 6.125% senior secured notes due 2025, which total $526.5 million. The redemption will be at 100% of the principal amount plus accrued interest.

The new notes will be offered exclusively to qualified institutional buyers under Rule 144A and non-U.S. persons under Regulation S of the Securities Act. The notes will not be registered under the Securities Act or other securities laws.

WillScot (WSC) reported Q4 2024 results with revenue of $603 million and income from continuing operations of $89 million, delivering diluted EPS of $0.48. The company achieved Adjusted EBITDA of $285 million with a 47.3% margin.

For full year 2024, WSC generated revenue of $2,396 million with income from continuing operations of $28 million. The company delivered Adjusted EBITDA of $1,063 million at a 44.4% margin and returned $270 million to shareholders through share repurchases.

Looking ahead to 2025, WSC projects revenue between $2,275-2,475 million and Adjusted EBITDA of $1,000-1,090 million. The company also initiated a quarterly cash dividend of $0.07 per share. Management expects continued growth in average monthly rates and moderating headwinds in units on rent during the second half of 2025.

WillScot Holdings (Nasdaq: WSC) has announced the initiation of a quarterly cash dividend program, demonstrating its commitment to returning capital to shareholders. The Board of Directors has declared the first dividend of $0.07 per share, payable on March 19, 2025, to shareholders of record as of March 5, 2025.

The dividend program will operate on a quarterly basis, with payments scheduled for the third Wednesday of the third month of each calendar quarter. Shareholders of record as of the first Wednesday of the same month will be eligible, subject to Board approval. CEO Brad Soultz highlighted that this initiative reflects the company's strong cash flows, robust balance sheet, and confidence in long-term growth prospects.

WillScot Holdings (Nasdaq: WSC), a leader in innovative temporary flexible space solutions, has scheduled its fourth quarter 2024 financial results announcement for February 20, 2025, after market close. The company's management will host a conference call and webcast on the same day at 5:30 p.m. EST to discuss the results.

Participants are encouraged to dial in 15 minutes before the scheduled start time to avoid delays. A live webcast will be available through the company's investor relations website, and an archived version will remain accessible for 12 months following the call.

WillScot Holdings (Nasdaq: WSC) has become the preferred temporary space provider for the Los Angeles Rams, completing a state-of-the-art practice facility in Woodland Hills. The 65,000-square-foot facility, developed between February and August 2024, showcases WillScot's prefabricated, relocatable structures.

The facility features coaches' offices, team meeting rooms with advanced technology, athletic training spaces, locker rooms, a media room, and a meal room. WillScot teams from two Southern California offices managed the project, configuring and installing the space in just two and a half months for the 2024 season.

This partnership builds on WillScot's previous collaboration with the Rams, including their 2016 temporary office facility in Thousand Oaks. WillScot manages approximately 135 million square feet of relocatable space for 85,000 customers across North America.

WillScot Holdings Corp. (Nasdaq: WSC), a leader in flexible space solutions, has announced it will host an investor day event on March 7, 2025, in Phoenix, Arizona. The event will commence at 9:00 a.m. MST, with invitations to be distributed to investors at a later date. Additionally, the company has reaffirmed its previously stated Fiscal Year 2024 guidance, maintaining its financial outlook.

WillScot (Nasdaq: WSC) announced key executive leadership changes effective January 1st, 2025. Tim Boswell, current President and CFO, will transition to the newly created role of Chief Operating Officer, overseeing long-term strategic initiatives and execution across WillScot's portfolio. Matt Jacobsen, Senior Vice President of Finance, has been promoted to Chief Financial Officer.

The transitions follow a twelve-month comprehensive evaluation of strategy and leadership structure with the Board and external advisors. CEO Brad Soultz emphasized these changes aim to better position the company for scaling and growth while delivering value for stakeholders. Jacobsen's promotion comes after a thorough search process that included both internal and external candidates, highlighting his 14-year tenure with WillScot and expertise in reporting, data analytics, capital markets, M&A, and systems integration.

WillScot Holdings (Nasdaq: WSC), a leading provider of temporary flexible space solutions, has announced its participation in the upcoming Oppenheimer Midwest Virtual Summit scheduled for December 11, 2024. The company has invited interested portfolio managers and analysts to arrange meetings through their Oppenheimer sales representatives.

WillScot Holdings (Nasdaq: WSC), a leading provider of temporary flexible space solutions, has announced its participation in the upcoming Baird Global Industrial Conference. The event is scheduled for November 12, 2024, in Chicago, IL. Interested portfolio managers and analysts seeking meetings are advised to contact their sales representatives at Baird.