WillScot Holdings Stock Price, News & Analysis

WillScot Mobile Mini Holdings Corp. (WSC) reported strong fourth-quarter and full-year 2022 results, highlighting a 28% year-over-year revenue increase to $591 million and a 141% rise in income from continuing operations to $276 million. Adjusted EBITDA surged 43% to $268 million, with margins expanding to 45.4%. The company generated $200 million in cash from operations and $123 million in free cash flow during Q4 2022. Notably, WSC closed four acquisitions totaling $221 million in 2022 and returned $233 million to shareholders through stock repurchases. The 2023 outlook projects Adjusted EBITDA of $1 billion to $1.05 billion, emphasizing continued growth and operational focus.

WillScot Mobile Mini Holdings Corp. (WSC) announced that Nick Girardi, Senior Director of Treasury & Investor Relations, will attend private investor meetings at the J.P. Morgan Global High Yield and Leveraged Finance Conference in Miami on March 7, 2023. The company, based in Phoenix, Arizona, is a leader in flexible workspace and portable storage solutions, serving various sectors through approximately 240 branch locations in the U.S., Canada, and Mexico. WillScot Mobile Mini focuses on innovative solutions for diverse end markets, ensuring extensive service coverage throughout North America.

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) will participate in private investor meetings at the Barclays Industrial Select Conference in Miami, FL on Feb. 23, 2023. Matt Jacobsen, Senior Vice President Finance, and Nick Girardi, Senior Director of Treasury & Investor Relations will represent the company. WillScot Mobile Mini is a premier provider of flexible workspace and portable storage solutions, operating approximately 240 branch locations across the U.S., Canada, and Mexico. The company serves diverse end markets, showcasing its breadth and adaptability in the business services sector.

WillScot Mobile Mini Holdings Corp. (WSC) announced the successful divestiture of its UK Storage segment to Algeco UK Holdings Limited, effective January 31, 2023. The company received approximately $410 million from this sale, aimed at reinvesting in its core Modular and Storage operations. This divestiture will be reported as discontinued operations in the upcoming Q4 2022 financial filings. Management will also provide financial guidance for 2023, excluding the UK Storage segment during the Q4 2022 earnings call scheduled for February 22, 2023.

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced its fourth quarter 2022 financial results will be released on February 21, 2023, after market close. CEO Brad Soultz and CFO Tim Boswell will host a conference call on February 22, 2023, at 10 a.m. ET to discuss the results. Interested participants can access the call via phone or a live webcast on the company’s website, with an archived version available for 12 months. WillScot Mobile Mini provides flexible workspace and portable storage solutions, serving diverse markets across the U.S., Canada, and Mexico from approximately 240 locations.

WillScot Mobile Mini Holdings (WSC) announced the divestiture of its UK Storage segment to Algeco UK Holdings for roughly £335 million. Proceeds will fund growth in North America, with no anticipated impact on operating results in the NA Modular or Storage segments. The transaction is expected to close in Q1 2023, pending regulatory approval. The CEO emphasized the strategic shift to focus exclusively on modular space and storage solutions in North America. The company aims to maintain its capital allocation strategy and reduce leverage, with a share repurchase authorization of $1 billion.

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced that Matt Jacobsen and Nick Girardi will present and hold private investor meetings at the Credit Suisse Global Industrials Conference in Palm Beach, Florida, on December 1, 2022. The presentation is scheduled for 1:15 p.m. ET. Headquartered in Phoenix, Arizona, WillScot provides modular space and portable storage solutions across diverse markets with approximately 260 locations across North America and the UK.

WillScot Mobile Mini Holdings Corp. (WSC) announced participation in private investor meetings at the Deutsche Bank Industrials Conference in New York on Nov. 15, 2022. Key executives, Matt Jacobsen and Nick Girardi, will represent the Company, showcasing its leadership in modular space and portable storage solutions. With approximately 260 branch locations across the U.S., Canada, Mexico, and the UK, WillScot Mobile Mini provides innovative business services across various sectors. The Company is headquartered in Phoenix, Arizona, and trades on Nasdaq under the symbol WSC.

WillScot Mobile Mini Holdings (WSC) reported strong Q3 2022 results with revenue reaching $604 million, a 31% increase year-over-year, and income from continuing operations at $86 million. Adjusted EBITDA was $251 million with a margin of 41.6%, up 270 basis points. The company successfully divested its Tank and Pump segment, reducing leverage to 3.4x EBITDA. It raised its full-year 2022 Adjusted EBITDA guidance to between $910 million and $930 million. Cash from operations increased 61% year-over-year, totaling $210 million.