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 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.
Access authoritative coverage of WSC's earnings reports, strategic partnerships, product innovations, and regulatory filings. Our curated news collection simplifies tracking the company's progress in advancing mobile office technologies and scalable workspace systems.
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Bookmark this page for streamlined access to WSC's evolving story in the modular construction industry. Check regularly for neutral, fact-based reporting that supports informed analysis of the company's market position.
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.