WillScot Holdings Corporation - WSC STOCK NEWS

WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC), a leader in innovative temporary space solutions, has announced that it will release its second quarter 2024 financial results on August 1, 2024, after market close. The company's CEO, Brad Soultz, and President and CFO, Tim Boswell, will host a conference call and webcast on the same day at 5:30 p.m. ET to discuss the results.

Participants can access the live call by phone through a registration link and are advised to dial in 15 minutes before the scheduled start time. A live webcast will also be available on the company's website, with an archived version accessible for 12 months following the call.

WillScot Mobile Mini Holdings has announced the pricing of a $500 million senior secured notes offering through its subsidiary, Williams Scotsman. The notes, carrying a 6.625% interest rate, are due in 2029 and were priced at 100% of their face value. The offering is expected to close around June 28, 2024, subject to customary conditions. The proceeds will be used to repay $493.5 million of the company's existing ABL credit facility and cover related fees and expenses. The notes are offered to qualified institutional buyers and international investors, in compliance with Rule 144A and Regulation S under the Securities Act of 1933.

WillScot Mobile Mini Holdings, a leader in temporary flexible space solutions, announced a $500 million senior secured notes offering by its subsidiary, Williams Scotsman. The notes, due 2029, will be guaranteed by WSI's domestic subsidiaries and intended to repay outstanding borrowings of approximately $493.5 million under its current ABL credit facility. The offering is aimed at institutional buyers under Rule 144A and non-U.S. persons per Regulation S. The notes won't be registered under the Securities Act and can't be sold in the U.S. without registration or an applicable exemption.

McGrath RentCorp (Nasdaq: MGRC) has scheduled a special shareholder meeting on July 11, 2024, to vote on its proposed acquisition by WillScot Mobile Mini (Nasdaq: WSC).

The virtual meeting will occur at 2:00 PM Pacific Time via webcast. Shareholders of record as of May 31, 2024, are eligible to participate. For more information on the meeting and proposals, refer to the definitive proxy statement.

WillScot Mobile Mini Holdings Corp. reported solid first quarter 2024 results, with a 4% revenue increase to $587 million and $56 million income from continuing operations. Adjusted EBITDA remained flat at $248 million, with a 40% rise in net cash provided by operating activities and free cash flow. The company maintained its FY 2024 Adjusted EBITDA outlook of $1,125 million to $1,200 million, representing 6% to 13% growth. WillScot Mobile Mini returned $595 million to shareholders through share repurchases and expects to close the McGrath RentCorp acquisition in 2024.

WillScot Mobile Mini Holdings Corp. announced its participation in several investor conferences in May and June 2024, including Oppenheimer Industrial Growth Conference, Barclays Americas Select Franchise Conference, and more. Portfolio managers and analysts can request meetings by contacting their sales representatives at the sponsoring firms.

WillScot Mobile Mini Holdings Corp. announced the release of its first quarter 2024 financial results on May 2, 2024, after market close. The conference call and webcast will be hosted by CEO Brad Soultz and CFO Tim Boswell at 5:30 p.m. ET on the same day. Participants can access the live call and webcast through the provided links. An archived version of the webcast will be available for 12 months post the call.

WillScot Mobile Mini Holdings Corp. reported strong financial performance in 2023, with revenue increasing by 10% to $2.36 billion and Adjusted EBITDA growing by 20% to $1.06 billion. The company generated $577 million of Free Cash Flow, returned $811 million to shareholders through share repurchases, and maintained leverage within target range. For 2024, they expect Adjusted EBITDA to range from $1.125 billion to $1.2 billion, representing 6% to 13% growth. The pending acquisition of McGrath RentCorp is expected to further accelerate their growth.

WillScot Mobile Mini Holdings Corp. announced the participation of its executives in the Barclays Industrial Select Conference in Miami. Tim Boswell, President and CFO, and Nick Girardi, Sr. Director of Treasury & Investor Relations, will host private investor meetings and a fireside chat at the conference on February 22, 2024.