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.
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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.