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WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) is a prominent business services provider headquartered in Phoenix, Arizona. Specializing in innovative and flexible temporary space solutions, WillScot Mobile Mini combines over 50 years of experience with a diverse range of products to meet the needs of various industries.
The company operates primarily in two segments: Modular Solutions and Storage Solutions. The Modular Solutions segment, which generates the majority of the company's revenue, includes modular office complexes, mobile offices, classrooms, temporary restrooms, clearspan structures, and blast protective and climate-controlled units. In addition, their Storage Solutions segment offers portable storage containers, climate-controlled storage units, and a thoughtfully curated selection of furnishings, appliances, and other turnkey services.
WillScot Mobile Mini serves a wide array of markets, including construction, education, energy, industrial, commercial/retail, healthcare, and government sectors. The company boasts a robust network of approximately 240 branch locations and additional drop lots across the United States, Canada, and Mexico, allowing them to ensure timely and efficient service.
Recent achievements highlight the company's strong financial performance and strategic growth initiatives. In Q3 2023, WillScot Mobile Mini reported record Free Cash Flow of $148 million, driven by robust pricing and Value-Added Products (VAPS) penetration. The company also successfully reinvested $494 million in tuck-in acquisitions, enhancing its portfolio with North America's leading cold storage leasing platform and a premium large clearspan structures platform, positioning it for continued growth.
Moreover, WillScot Mobile Mini recently announced a definitive agreement to acquire McGrath RentCorp, a transaction expected to close in the second quarter of 2024. This acquisition aims to expand the company's geographic footprint and diversify its platform, thus providing enhanced value to more than 85,000 customers.
For further information, visit the company’s website at www.willscotmobilemini.com.
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.
WillScot Mobile Mini Holdings (Nasdaq: WSC) will host virtual private meetings at the Jefferies 2021 Global Business Services Conference on March 25, 2021, featuring CEO Brad Soultz and CFO Tim Boswell. These meetings are available by appointment only.
The company, based in Phoenix, Arizona, is a leader in modular space and portable storage solutions, formed through a merger in 2020. It operates approximately 275 locations globally with a fleet of over 350,000 units, serving diverse sectors like construction, education, and healthcare.
WillScot Mobile Mini Holdings (WSC) will present at the Bank of America Global Industrials Conference 2021 on March 16 at 2:00 p.m. EDT. CEO Brad Soultz and CFO Tim Boswell will host virtual private meetings by appointment only. Based in Phoenix, Arizona, WillScot Mobile Mini is a leader in modular space and portable storage solutions, formed from a merger in 2020. The company operates approximately 275 locations across North America and the UK, offering over 350,000 portable offices and containers to various sectors including construction, retail, and healthcare.
WillScot Mobile Mini Holdings (WSC) announced that CEO Brad Soultz and CFO Tim Boswell will host virtual private meetings at the J.P. Morgan Global High Yield & Leveraged Finance Conference on March 3, 2021. These meetings are by appointment only.
WillScot Mobile Mini, based in Phoenix, is a North American leader in modular space and portable storage solutions, formed in 2020 from the merger of WillScot and Mobile Mini. The company operates around 275 locations and has a fleet exceeding 350,000 units, serving diverse sectors including construction, healthcare, and education.
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