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WillScot Holdings Corp (WSC) delivers innovative modular space solutions for construction, healthcare, education, and industrial sectors. This news hub provides investors and industry professionals with essential updates on corporate developments, operational milestones, and market leadership in temporary infrastructure solutions.
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WillScot Mobile Mini Holdings Corp. (WSC) reported a strong first quarter 2023, achieving a 25% revenue increase to $565 million and a 96% rise in income from continuing operations to $76 million. Adjusted EBITDA climbed 47% to $247 million, marking an adjusted EBITDA margin of 43.7%. The company generated $149 million in cash from operations, with free cash flow reaching $103 million, reflecting an 88% increase year-over-year. Strategic divestitures, including the UK Storage segment, yielded $418 million in cash. Shareholder returns included a repurchase of 4.6 million shares for $216 million and a notable 17% return on invested capital. The company raised its 2023 EBITDA outlook to $1,025 - $1,075 million, indicating robust growth potential.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced it will release its first quarter 2023 financial results on April 26, 2023, after market close. CEO Brad Soultz and CFO Tim Boswell will host a conference call and webcast on April 27, 2023, at 10 a.m. ET to discuss these results. Participants can register for the call and access the live webcast through the company’s website. WillScot Mobile Mini, headquartered in Phoenix, Arizona, is a leading provider of flexible space and storage solutions, operating approximately 240 branch locations across the U.S., Canada, and Mexico. Comprehensive information regarding the company can be found on their website.
WillScot Mobile Mini Holdings Corp. (WSC) announced that Tim Boswell, the President and CFO, will participate in a fireside chat at the 2023 Annual Shareholders Meeting of Markel Corporation on May 17, 2023, in Richmond, Virginia. Boswell expressed excitement about engaging with investors and peers who value long-term investments. He emphasized the alignment of values between WillScot Mobile Mini and Markel Corporation, as both focus on sustainable growth and strategic capital allocation. With around 240 branches across the U.S., Canada, and Mexico, WillScot Mobile Mini is a leader in flexible space and storage solutions.
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