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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 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.
WillScot Mobile Mini Holdings (Nasdaq: WSC) will announce its fourth quarter and full year 2020 financial results on February 25, 2021, after market close. The CEO, COO, and CFO will conduct a conference call on February 26, 2021, at 10:00 a.m. EST to discuss these results. The call can be accessed via phone or live webcast, available for 60 days post-event. WillScot Mobile Mini, a leader in modular space and portable storage solutions, operates approximately 275 locations across North America and the UK, with a fleet exceeding 350,000 units.
WillScot Mobile Mini Holdings Corp. (WSC) is set to engage in virtual private meetings at the Barclays Industrial Select Conference on February 16, 2021. CEO Brad Soultz and CFO Tim Boswell will present at 12:10 p.m. EST. As a leading provider of modular space and portable storage solutions in North America, WillScot Mobile Mini operates 275 locations with a fleet of over 350,000 units. The company was formed in 2020 from the merger of established brands and serves diverse sectors including construction, healthcare, and government.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) reported strong third-quarter 2020 results post-merger with Mobile Mini, showing a 55.6% revenue increase to $417.3 million. Adjusted EBITDA rose 87.2% to $163.6 million, benefiting from Mobile Mini's addition and a 14.8% organic growth in the NA Modular segment. Despite $64.1 million in merger costs, the company generated $91.3 million in free cash flow and reduced leverage to 3.9x adjusted EBITDA. The outlook for 2020 has been adjusted positively, reflecting the robust financial health and future growth potential of the combined entity.
WillScot Mobile Mini Holdings (WSC) will host virtual meetings and a fireside chat at Credit Suisse’s 8th Annual Virtual Industrials Conference on December 2, 2020. CEO Brad Soultz and CFO Tim Boswell will lead the discussion at 1:50 p.m. EST. This conference aims to promote the company’s turnkey modular space and portable storage solutions. WillScot operates around 275 locations across North America, the UK, and Mexico, with a fleet of over 350,000 units. The company focuses on providing efficient, cost-effective space solutions across diverse sectors including construction, healthcare, and education.
WillScot Mobile Mini Holdings (WSC) announced that CEO Brad Soultz and CFO Tim Boswell will host virtual meetings and a fireside chat at Berenberg's US CEO Conference on November 13, 2020. The chat, scheduled for 11:00 a.m. EST, is by appointment only. WillScot Mobile Mini, formed in 2020, leads the North American market in turnkey modular space and portable storage solutions, with a fleet of over 350,000 units across 275 locations in the U.S., Canada, Mexico, and the U.K. The company serves various sectors, providing efficient and cost-effective space solutions.
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