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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. (Nasdaq: WSC) announced the acquisition of Elite Modular Leasing and Sales, Inc., enhancing its operations in California with approximately 900 new modular units. The deal was financed using cash and borrowings under its revolving credit agreement. CEO Brad Soultz stated that this acquisition strengthens the company's position in the public education sector and supports its growth strategy. The integration aims to provide a comprehensive offering to new customers as the company continues to expand its market presence.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) has acquired over 1,000 storage units and related assets from Georgia Storage Containers, Inc. The acquisition enhances WillScot's operations in the greater Atlanta market, funded through available cash and credit. CEO Brad Soultz highlighted the immediate benefits for new customers, offering access to innovative portable storage solutions and logistics capabilities, aimed at improving customer satisfaction and operational efficiency. This strategic move positions WillScot for potential growth in the competitive modular space and storage solutions market.
WillScot Mobile Mini Holdings Corp. (WSC) reported strong Q1 2022 results with revenues of $509 million, net income of $51 million, and Adjusted EBITDA of $192 million. The company closed three acquisitions and generated $55 million in Free Cash Flow. It increased its 2022 Adjusted EBITDA outlook to between $860 million and $900 million, representing 16% to 22% growth compared to 2021. Leasing revenue surged 25% year-over-year, driven by robust demand and pricing strategies. The company continues to benefit from a strong order backlog and expects robust demand into 2023.
WillScot Mobile Mini Holdings Corp. (WSC) announced the acquisition of a rental fleet from Decatur Container Sales and Rentals, adding over 1,900 storage units to its operations in Alabama, Mississippi, Georgia, and Southern Tennessee. This strategic move, funded through cash and credit, aims to enhance the company's market presence and provide innovative storage solutions. CEO Brad Soultz emphasized the importance of integration and immediate access for new customers. The transaction aligns with WillScot's growth strategy in the modular space and portable storage industry.
WillScot Mobile Mini Holdings (Nasdaq: WSC) announced that Tim Boswell, President & CFO, and Matt Jacobsen, SVP Finance, will engage in private investor meetings at the 2022 Barclays Americas Select Franchise Conference. This event is scheduled for May 10, 2022, at 3:00 PM GMT+1, held at the Langham Hotel in London, UK. WillScot Mobile Mini, headquartered in Phoenix, Arizona, specializes in modular space and portable storage solutions, serving diverse markets across North America and the UK from over 275 locations.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced that its CEO Brad Soultz, CFO Tim Boswell, and Sr. Director of Treasury Nick Girardi will present at the 2022 Credit Suisse eXtreme Services Conference on May 5, 2022. The company is a leader in modular space and portable storage solutions, serving various sectors from over 275 locations across the U.S., Canada, Mexico, and the U.K. WillScot aims to provide innovative workspace solutions to diverse markets.
WillScot Mobile Mini Holdings Corp. (WSC) is set to present at the 2022 Oppenheimer Industrial Growth Conference on May 4, 2022, at 11:15 a.m. EDT. CEO Brad Soultz, President & CFO Tim Boswell, and Sr. Director of Treasury & Investor Relations Nick Girardi will participate in this virtual event. As a leader in modular space and portable storage solutions, WillScot services diverse markets through over 275 locations across North America and the UK. For more information, visit www.willscotmobilemini.com.
WillScot Mobile Mini Holdings Corporation (Nasdaq: WSC) will release its Q1 2022 financial results on April 27, 2022, after market close. CEO Brad Soultz and CFO Tim Boswell will host a conference call on April 28, 2022, at 10:00 a.m. EDT to discuss these results. Access the call by dialing U.S. Toll-Free: 866-374-5140 or International Toll: +1-404-400-0571. A live webcast will also be available on their website, with an archived version accessible for 60 days.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) has successfully acquired Storstac Inc., a Canadian storage services provider, expanding its footprint in the greater Toronto area. The transaction, funded by cash reserves and credit borrowings, adds over 1,100 storage units to WillScot's existing operations. CEO Brad Soultz expressed enthusiasm about integrating Storstac's capabilities and enhancing their service offerings to customers. This strategic move aligns with WillScot's merger and acquisition strategy, aiming to leverage synergies across its expanded network.
WillScot Mobile Mini Holdings Corp. (Nasdaq: WSC) announced the appointment of Erika Davis to its Board of Directors, effective April 1, 2022. This move aims to enhance and diversify the board's expertise. Davis, who has significant experience in operational improvements and human capital management, previously served as Senior VP and Chief Human Resources Officer at Performance Food Group. Her leadership is expected to strengthen the company during its next growth phase. Davis will also join the Compensation Committee.
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