Welcome to our dedicated page for WillScot Holdings news (Ticker: WSC), a resource for investors and traders seeking the latest updates and insights on WillScot Holdings stock.
WillScot Holdings Corporation provides temporary space, modular building and storage solutions for customers across North America. Company news commonly covers quarterly results, full-year outlook updates, leasing and services revenue, Adjusted EBITDA, free cash flow, unit activations, order activity and capital spending tied to its temporary space platform.
WillScot updates also address quarterly cash dividends, investor conference participation and product expansion across its portfolio of modular complexes, mobile offices, classrooms, portable storage, climate-controlled units, blast-resistant buildings, clearspan structures, temporary restrooms, furnishings and fencing and perimeter-security solutions. Its operating coverage spans the United States, Canada and Mexico and serves sectors including construction, manufacturing, healthcare, government, energy and education.
WillScot Holdings (Nasdaq: WSC) announced significant changes to its Board of Directors. The Board unanimously nominated Dominick (Nick) Zarcone for election at the 2025 Annual Meeting, marking the fourth new independent director addition in three years.
Current Chairman Erik Olsson will retire following his five-year tenure, with Worthing Jackman appointed as the new non-executive, independent Chairman. CEO Brad Soultz highlighted Zarcone's public company executive leadership and finance expertise as valuable additions to the Board.
The company recently outlined growth strategies at their investor day, projecting free cash flow of $4 to $6 per share in the next three to five years through margin expansion and operational enhancements. TOMS Capital Investment Management (TCIM), a significant shareholder, expressed confidence in WillScot's industry leadership and future direction.
WillScot (Nasdaq: WSC) has announced modifications to its consent solicitations for amendments to its senior secured notes. The company is seeking consent from holders of 6.625% Senior Secured Notes due 2029 and 7.375% Senior Secured Notes due 2031.
The consent solicitations require approval from at least 66 2/3% of holders for each note series. The company will pay a consent fee of $250,000 for each note series, to be allocated pro rata among consenting holders. For each $1,000 principal amount, the fee will be $0.5 multiplied by a fraction based on outstanding notes and valid consents.
The solicitations will expire on March 21, 2025 at 5:00 p.m., New York City time. Non-consenting holders will not receive the fee but will be bound by the amendments if approved.
WillScot Holdings (Nasdaq: WSC) has announced the pricing of a $500.0 million private offering of 6.625% senior secured notes due 2030 through its subsidiary Williams Scotsman, Inc. The notes were priced at 100% face value, with closing expected around March 26, 2025.
The company plans to use approximately $493.5 million in net proceeds, combined with $33.0 million from their existing asset-based revolving credit facility, to fully redeem their outstanding 6.125% senior secured notes due 2025, which total $526.5 million. The redemption will be at 100% of 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, and will not be registered under the Securities Act or other securities laws.
WillScot Holdings (Nasdaq: WSC) announced that its indirect subsidiary Williams Scotsman, Inc. will initiate consent solicitations for holders of its 6.625% Senior Secured Notes due 2029 and 7.375% Senior Secured Notes due 2031. The solicitation aims to amend certain provisions of the indentures governing these notes.
The consent solicitations, set to expire on March 18, 2025 at 5:00 p.m. New York City time, require approval from at least 66.6667% of the outstanding principal amount holders. The record date for eligible note holders is March 11, 2025. D.F. King & Co., Inc. serves as the Information, Tabulation and Paying Agent, while J.P. Morgan Securities acts as the Solicitation Agent for these consent solicitations.
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.