WillScot Holdings Corporation - WSC STOCK NEWS

WillScot Mobile Mini Holdings Corp. (WSC) will host virtual private meetings at the Morgan Stanley Business Services Conference on May 13, 2021. CEO Brad Soultz, CFO Tim Boswell, and Director of Treasury & Investor Relations Nick Girardi will attend these appointment-only meetings. Headquartered in Phoenix, Arizona, WillScot is a leader in modular space and portable storage solutions, servicing diverse markets through approximately 275 locations across North America and the UK.

WillScot Mobile Mini Holdings (WSC) reported strong preliminary Q1 2021 results, with total revenues increasing by 66.3% to $425.3 million, thanks to the merger with Mobile Mini. Adjusted EBITDA rose 82.8% to $163.6 million, driven by higher leasing revenues, particularly in the NA Modular segment. The company increased its full year guidance for revenue to $1.79 billion and Adjusted EBITDA to $705 million. Free Cash Flow climbed to $91.2 million, while leverage improved to 3.7x. Despite net income fluctuations due to warrant adjustments, operational metrics showcased a robust performance.

WillScot Mobile Mini Holdings (WSC), a leader in modular space and portable storage solutions in North America, announced that CEO Brad Soultz and CFO Tim Boswell will hold virtual meetings during the Credit Suisse eXtreme Services Conference on May 7, 2021. These meetings are by appointment only. The company operates approximately 275 branch locations and serves diverse markets across the U.S., Canada, Mexico, and the U.K., emphasizing flexible workspace solutions.

WillScot Mobile Mini Holdings (WSC) announced that CEO Brad Soultz and CFO Tim Boswell will host virtual private meetings during the Oppenheimer Industrial Growth Conference on May 4, 2021. These meetings are by appointment only, catering to stakeholders and interested parties seeking insights into the company's operations. WillScot specializes in turnkey modular space and portable storage solutions, operating from approximately 275 branch locations across North America, Mexico, and the UK.

WillScot Mobile Mini Holdings Corporation (Nasdaq: WSC) will release its first quarter 2021 financial results on April 29, 2021, after market close. The CEO, Brad Soultz, and CFO, Tim Boswell, will discuss the results in a conference call on April 30, 2021, at 10:00 a.m. EDT. Interested parties can access the call by dialing (855) 312-9420 for US/Canada or (210) 874-7774 internationally. A live webcast will be available on the company’s website, with an archived version accessible for 60 days.

WillScot provides flexible workspace and portable storage solutions across various markets.

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced its subsidiary will redeem $65 million of its 6.125% Senior Secured Notes due 2025 on March 26, 2021. The redemption price will be 103% of the principal amount plus accrued interest. After the redemption date, interest will cease to accrue on the redeemed notes. Investors are advised to contact their brokers for information regarding the redemption payment.

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced an upsized secondary offering of 12,750,000 shares by its principal shareholder, Sapphire Holding S.à r.l., priced at $27.20 per share. The offering replaces a previous plan for 10,750,000 shares. The underwriter has a 30-day option for an additional 1,912,500 shares. WillScot will not receive proceeds from this offering. Additionally, the company will repurchase 2,750,000 shares at the same price, funded through its ABL Credit Facility. The closing of the offering is expected on March 4, 2021.

WillScot Mobile Mini Holdings Corp. (WSC) announced a secondary offering of 10,750,000 shares, to be sold by its principal shareholder, Sapphire Holding S.à r.l., with a 30-day option for underwriters to purchase an additional 1,612,500 shares. The company will not receive proceeds from this offering. In conjunction, WillScot plans to buy back 2,750,000 shares from Sapphire at the same per-share price as the offering. This repurchase will be funded through borrowings under its ABL Credit Facility and is expected to close with the offering.

WillScot Mobile Mini Holdings (WSC) reported strong financial results for Q4 and full year 2020, driven by the merger with Mobile Mini. Q4 revenues increased 57.4% to $437.6 million, and annual revenues rose 28.6% to $1.37 billion. Adjusted EBITDA grew 83% year over year to $179.7 million, with a margin of 41.1%. The company generated free cash flow of $87.4 million in Q4 and $162.3 million for the year, with net income rising to $46.5 million and $71.9 million, respectively. The firm also reduced leverage to 3.8x and has no debt maturities until 2025.