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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) reported a strong first quarter 2023, achieving a 25% revenue increase to $565 million and a 96% rise in income from continuing operations to $76 million. Adjusted EBITDA climbed 47% to $247 million, marking an adjusted EBITDA margin of 43.7%. The company generated $149 million in cash from operations, with free cash flow reaching $103 million, reflecting an 88% increase year-over-year. Strategic divestitures, including the UK Storage segment, yielded $418 million in cash. Shareholder returns included a repurchase of 4.6 million shares for $216 million and a notable 17% return on invested capital. The company raised its 2023 EBITDA outlook to $1,025 - $1,075 million, indicating robust growth potential.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced it will release its first quarter 2023 financial results on April 26, 2023, after market close. CEO Brad Soultz and CFO Tim Boswell will host a conference call and webcast on April 27, 2023, at 10 a.m. ET to discuss these results. Participants can register for the call and access the live webcast through the company’s website. WillScot Mobile Mini, headquartered in Phoenix, Arizona, is a leading provider of flexible space and storage solutions, operating approximately 240 branch locations across the U.S., Canada, and Mexico. Comprehensive information regarding the company can be found on their website.
WillScot Mobile Mini Holdings Corp. (WSC) announced that Tim Boswell, the President and CFO, will participate in a fireside chat at the 2023 Annual Shareholders Meeting of Markel Corporation on May 17, 2023, in Richmond, Virginia. Boswell expressed excitement about engaging with investors and peers who value long-term investments. He emphasized the alignment of values between WillScot Mobile Mini and Markel Corporation, as both focus on sustainable growth and strategic capital allocation. With around 240 branches across the U.S., Canada, and Mexico, WillScot Mobile Mini is a leader in flexible space and storage solutions.
WillScot Mobile Mini Holdings Corp. (WSC) announced that CEO Brad Soultz and SVP of Finance Matt Jacobsen will participate in private investor meetings at the Jefferies Business Services Summit in New York on March 23, 2023. The company is a leader in flexible space and storage solutions in North America, servicing diverse markets through around 240 branch locations across the U.S., Canada, and Mexico. WillScot Mobile Mini's innovative offerings cater to various sectors of the economy, establishing it as a key player in the business services industry.
WillScot Mobile Mini Holdings Corp. (WSC) reported strong fourth-quarter and full-year 2022 results, highlighting a 28% year-over-year revenue increase to $591 million and a 141% rise in income from continuing operations to $276 million. Adjusted EBITDA surged 43% to $268 million, with margins expanding to 45.4%. The company generated $200 million in cash from operations and $123 million in free cash flow during Q4 2022. Notably, WSC closed four acquisitions totaling $221 million in 2022 and returned $233 million to shareholders through stock repurchases. The 2023 outlook projects Adjusted EBITDA of $1 billion to $1.05 billion, emphasizing continued growth and operational focus.
WillScot Mobile Mini Holdings Corp. (WSC) announced that Nick Girardi, Senior Director of Treasury & Investor Relations, will attend private investor meetings at the J.P. Morgan Global High Yield and Leveraged Finance Conference in Miami on March 7, 2023. The company, based in Phoenix, Arizona, is a leader in flexible workspace and portable storage solutions, serving various sectors through approximately 240 branch locations in the U.S., Canada, and Mexico. WillScot Mobile Mini focuses on innovative solutions for diverse end markets, ensuring extensive service coverage throughout North America.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) will participate in private investor meetings at the Barclays Industrial Select Conference in Miami, FL on Feb. 23, 2023. Matt Jacobsen, Senior Vice President Finance, and Nick Girardi, Senior Director of Treasury & Investor Relations will represent the company. WillScot Mobile Mini is a premier provider of flexible workspace and portable storage solutions, operating approximately 240 branch locations across the U.S., Canada, and Mexico. The company serves diverse end markets, showcasing its breadth and adaptability in the business services sector.
WillScot Mobile Mini Holdings Corp. (WSC) announced the successful divestiture of its UK Storage segment to Algeco UK Holdings Limited, effective January 31, 2023. The company received approximately $410 million from this sale, aimed at reinvesting in its core Modular and Storage operations. This divestiture will be reported as discontinued operations in the upcoming Q4 2022 financial filings. Management will also provide financial guidance for 2023, excluding the UK Storage segment during the Q4 2022 earnings call scheduled for February 22, 2023.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced its fourth quarter 2022 financial results will be released on February 21, 2023, after market close. CEO Brad Soultz and CFO Tim Boswell will host a conference call on February 22, 2023, at 10 a.m. ET to discuss the results. Interested participants can access the call via phone or a live webcast on the company’s website, with an archived version available for 12 months. WillScot Mobile Mini provides flexible workspace and portable storage solutions, serving diverse markets across the U.S., Canada, and Mexico from approximately 240 locations.
WillScot Mobile Mini Holdings (WSC) announced the divestiture of its UK Storage segment to Algeco UK Holdings for roughly £335 million. Proceeds will fund growth in North America, with no anticipated impact on operating results in the NA Modular or Storage segments. The transaction is expected to close in Q1 2023, pending regulatory approval. The CEO emphasized the strategic shift to focus exclusively on modular space and storage solutions in North America. The company aims to maintain its capital allocation strategy and reduce leverage, with a share repurchase authorization of $1 billion.
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