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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) reported strong Q3 2022 results with revenue reaching $604 million, a 31% increase year-over-year, and income from continuing operations at $86 million. Adjusted EBITDA was $251 million with a margin of 41.6%, up 270 basis points. The company successfully divested its Tank and Pump segment, reducing leverage to 3.4x EBITDA. It raised its full-year 2022 Adjusted EBITDA guidance to between $910 million and $930 million. Cash from operations increased 61% year-over-year, totaling $210 million.
WillScot Mobile Mini Holdings Corp. (WSC) announced its participation at the Baird Global Industrial Conference on Nov. 8, 2022, in Chicago, IL. CEO Brad Soultz and Sr. Director of Treasury & Investor Relations Nick Girardi will present and engage in private investor meetings, with the presentation scheduled for 12:35 p.m. CT. WillScot Mobile Mini is a leader in modular space and portable storage solutions, operating approximately 260 branch locations across North America and the UK, providing services to diverse end markets.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) will release its third quarter 2022 financial results on November 2, 2022, after market close. CEO Brad Soultz and CFO Tim Boswell will host a conference call on November 3, 2022, at 10 a.m. ET to discuss the results. The call can be accessed via phone or through a live webcast available on the company's website. WillScot Mobile Mini is a leading provider of flexible workspace and portable storage solutions with approximately 280 locations in the U.S., Canada, Mexico, and the U.K.
WillScot Mobile Mini Holdings Corp. (WSC) announced the completion of its divestiture of the Tank and Pump segment to Kinderhook Industries, effective September 30, 2022. The sale is valued at approximately $323 million and aims to bolster the Company's core Modular and Storage segments along with other capital objectives. BofA Securities acted as the financial adviser, while Allen & Overy served as legal adviser. The divestiture is part of WillScot's strategy to enhance focus on its primary business areas.
WillScot Mobile Mini Holdings Corp. (WSC) has acquired Allied Office Trailers and Storage Containers, enhancing its fleet by approximately 8,000 rental assets. This strategic acquisition expands WillScot's operations in the eastern United States, positioning it to better serve strong market demand. CEO Brad Soultz emphasizes the deal's benefits, including increased product offerings and logistics capabilities for Allied customers. The company continues to cater to a broad range of sectors across North America from over 280 locations.
WillScot Mobile Mini Holdings Corp. (WSC) announced the acquisition of Container Solutions' dry rental storage fleet based in Concord, California. This strategic move adds approximately 1,200 portable storage containers and mobile offices to WSC's existing fleet. Container Solutions will retain its refrigerated and temperature-controlled rental fleet. This acquisition enhances WillScot's position in the modular space and portable storage market, expanding their service offerings across diverse end markets.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced that CEO Brad Soultz and Sr. Director of Treasury & Investor Relations Nick Girardi will present and hold private investor meetings at the DA Davidson Diversified Industrials & Services Conference in Nashville, Tennessee, on September 22, 2022, at 2 p.m. CT. The company is a leader in modular space and portable storage solutions, with operations across the U.S., Canada, Mexico, and the U.K.
With approximately 280 branch locations, WillScot Mobile Mini serves diverse markets, emphasizing its innovative workspace solutions.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced that its President and CFO, Tim Boswell, along with Senior VP Finance Matt Jacobsen, will present and host private investor meetings at the Deutsche Bank Leveraged Finance Conference. This event is set for September 20, 2022, in Scottsdale, Arizona, with the presentation commencing at 7:40 a.m. PT. WillScot Mobile Mini is a leader in modular space and portable storage solutions, serving a diverse range of markets across North America and beyond.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced that its President and CFO, Tim Boswell, along with Senior VP Matt Jacobsen, will present at the Morgan Stanley Laguna Conference in Dana Point, California, on September 14, 2022, at 1:25 p.m. PT. The Company is based in Phoenix, Arizona, and is a leader in modular space and portable storage solutions across various sectors with a network of around 280 locations in North America and the UK.
WillScot Mobile Mini Holdings Corp. (WSC) announced participation in the RBC Capital Markets Global Industrials Conference on September 13, 2022. Tim Boswell, President and CFO, along with Matt Jacobsen, SVP Finance, will present at 1:20 p.m. PT. The company is a leader in modular space and portable storage solutions, serving diverse sectors with approximately 280 branch locations across North America, Canada, Mexico, and the UK. For further details, visit www.willscotmobilemini.com.
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