Willscot Mobile Mini Reports First Quarter 2024 Results
WillScot Mobile Mini Holdings Corp. - Class A (WSC)
NASDAQ:AMEX Investor Relations:
investors.willscot.com/investor-relations
Company Research
Source: GlobeNewswire
PHOENIX, May 02, 2024 (GLOBE NEWSWIRE) -- WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), a leader in innovative temporary flexible space solutions, today announced first quarter 2024 results and provided an update on operations and the current market environment, including the following highlights: Q1 2024 Revenue increased 4% to $587 million and Income from continuing operations was $56 million. Income from operations included approximately $15 million of integration and transaction-related expenses. Adjusted EBITDA was flat year-over-year at $248 million.Generated Net cash provided by operating activities of $209 million and Free Cash Flow of $144 million, both up 40% year-over-year, with Free Cash Flow Margin of 24.5%, which increased by 660 basis points.Maintained leverage sequentially at 3.3x Net Debt to Adjusted EBITDA as of March 31, 2024, inside our target range of 3.0x to 3.5x.Generated 17% Return on Invested Capital2 ("ROIC")
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News
- Silver Beech Capital - WillScot Mobile Mini: Favorable Pricing Dynamics Are Likely To Continue [Seeking Alpha]Seeking Alpha
- WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) had its price target lowered by analysts at DA Davidson from $56.00 to $54.00. They now have a "buy" rating on the stock.MarketBeat
- WillScot Mobile Mini Holdings Corp. (NASDAQ: WSC) had its "outperform" rating re-affirmed by analysts at Oppenheimer Holdings Inc.. They now have a $53.00 price target on the stock, down previously from $60.00.MarketBeat
- WillScot Mobile Mini Holdings Corp. (NASDAQ:WSC) Q1 2024 Earnings Call Transcript [Yahoo! Finance]Yahoo! Finance
- WillScot Mobile Mini Holdings' (NASDAQ:WSC) investors will be pleased with their strong 168% return over the last five years [Yahoo! Finance]Yahoo! Finance
WSC
Earnings
- 5/2/24 - Miss
WSC
Sec Filings
- 5/7/24 - Form 4
- 5/6/24 - Form S-4/A
- 5/2/24 - Form 8-K
- WSC's page on the SEC website