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WillScot Holdings Corporation - WSC STOCK NEWS

Welcome to our dedicated page for WillScot Holdings Corporation news (Ticker: WSC), a resource for investors and traders seeking the latest updates and insights on WillScot Holdings Corporation stock.

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.

News

WillScot Mobile Mini Reports Fourth Quarter 2023 and Full Year 2023 Results

Rhea-AI Summary
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.
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WillScot Mobile Mini to Participate in Barclays Industrial Select Conference

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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.
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WillScot Mobile Mini to Announce Fourth Quarter and Fiscal Year 2023 Results on February 20, 2024

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WillScot Mobile Mini Holdings Corp. announced the release of its fourth quarter and fiscal year 2023 financial results on February 20, 2024, after market close. President and CEO Brad Soultz and CFO Tim Boswell will host a conference call and webcast to discuss the results. The company also plans to host an Investor Day later this year following its recently announced definitive agreement to acquire McGrath RentCorp (NASDAQ: MGRC).
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WillScot Mobile Mini to Acquire McGrath RentCorp for $3.8 Billion, Enhancing Its Position as the North American Leader in Turnkey Space Solutions

Rhea-AI Summary
WillScot Mobile Mini Holdings Corp. has entered into a definitive agreement to acquire McGrath RentCorp, a leading business-to-business rental company, in a 60% cash and 40% stock transaction. This acquisition is expected to provide significant near-term synergies, with combined 2023 revenues of $3.2 billion and adjusted EBITDA of $1.4 billion. The transaction is expected to generate approximately $700 million of annual free cash flow by the end of the first full year following closing. The combined company will serve more than 85,000 customers and is projected to be accretive to earnings per share within twelve months post-closing.
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WillScot Mobile Mini to Participate in UBS Industrials Summit

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WillScot Mobile Mini Holdings Corp. (WSC) to host private investor meetings at UBS Industrials Summit in Palm Beach, FL
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WillScot Mobile Mini to Participate in Bank of America Leveraged Finance Conference

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WillScot Mobile Mini Holdings Corp. (WSC) to Host Private Investor Meetings at Bank of America Leveraged Finance Conference on November 28, 2023
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WillScot Mobile Mini Reports Third Quarter 2023 Results

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WillScot Mobile Mini Holdings Corp. announced its third quarter 2023 results, reporting a 5% increase in revenue to $605 million. Adjusted EBITDA increased 11% year-over-year to $266 million, with a margin of 43.9%. The company generated $148 million of free cash flow, up 77% from the previous year. WillScot Mobile Mini also invested $333 million in two acquisitions and returned $220 million to shareholders through share repurchases. The company achieved an 18% return on invested capital over the last 12 months. An investor day is scheduled for March 4, 2024.
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WillScot Mobile Mini to Participate in Baird Global Industrial Conference

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WillScot Mobile Mini Holdings Corp. will participate in the Baird Global Industrial Conference in Chicago on November 7, 2023. CEO Brad Soultz and Sr Director Nick Girardi will present and host private investor meetings.
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WillScot Mobile Mini Adds Clearspan Structures to its Portfolio of Temporary Space Solutions

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WillScot Mobile Mini Holdings Corp. has acquired 616 Global Clearspans, a leading national temporary and semi-permanent clearspan structure company based in Tucson, Arizona. The acquisition expands WillScot Mobile Mini's offering of temporary space solutions and provides growth opportunities in new end markets.
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WillScot Mobile Mini to Announce Third Quarter 2023 Results on November 1, 2023

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WillScot Mobile Mini Holdings Corp. to release Q3 2023 financial results
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FAQ

What is the current stock price of WillScot Holdings Corporation (WSC)?

The current stock price of WillScot Holdings Corporation (WSC) is $39.08 as of January 23, 2025.

What is the market cap of WillScot Holdings Corporation (WSC)?

The market cap of WillScot Holdings Corporation (WSC) is approximately 7.2B.

What does WillScot Mobile Mini Holdings Corp. do?

WillScot Mobile Mini Holdings Corp. provides innovative and flexible temporary space and storage solutions, serving a wide range of industries through its Modular and Storage Solutions segments.

Where is WillScot Mobile Mini Holdings Corp. headquartered?

The company is headquartered in Phoenix, Arizona.

What are the main segments of WillScot Mobile Mini Holdings Corp.?

The main segments are Modular Solutions and Storage Solutions.

Which markets does WillScot Mobile Mini serve?

The company serves the construction, education, energy, industrial, commercial/retail, healthcare, and government sectors.

How many branch locations does WillScot Mobile Mini operate?

WillScot Mobile Mini operates approximately 240 branch locations across the United States, Canada, and Mexico.

What recent achievements has WillScot Mobile Mini reported?

In Q3 2023, the company reported record Free Cash Flow of $148 million and reinvested $494 million in tuck-in acquisitions.

What is the significance of the McGrath RentCorp acquisition?

The acquisition of McGrath RentCorp aims to expand WillScot Mobile Mini’s geographic footprint, diversify its platform, and provide enhanced value to over 85,000 customers.

How can I access the latest news and updates about WillScot Mobile Mini?

You can access the latest news and updates on the company’s website at www.willscotmobilemini.com.

What products does WillScot Mobile Mini offer?

The company offers modular office complexes, mobile offices, classrooms, temporary restrooms, portable storage containers, climate-controlled storage units, clearspan structures, and various Value-Added Products and services.

Who are the key leaders of WillScot Mobile Mini?

Key leaders include Chief Executive Officer Brad Soultz and President and Chief Financial Officer Tim Boswell.
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WillScot Holdings Corporation

Nasdaq:WSC

WSC Rankings

#1069 Ranked by Market Cap
N/A Ranked by Dividends

WSC Stock Data

7.22B
179.59M
2.64%
107.46%
6.96%
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