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Stock impact report

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

WillScot Mobile Mini Holdings Corp. - Class A (WSC) 
NASDAQ:AMEX Investor Relations: investors.willscot.com/investor-relations
Company Research Source: GlobeNewswire
PHOENIX, Feb. 20, 2024 (GLOBE NEWSWIRE) -- WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), the North American leader in innovative flexible space solutions, today announced fourth quarter and full year 2023 results and provided an update on operations and the current market environment, including the following highlights: Q4 2023 Revenue increased 4% to $612 million and Adjusted EBITDA increased 7% year-over-year to $288 million.Adjusted EBITDA Margin of 47.0% expanded 160 basis points year-over-year.Generated Free Cash Flow of $166 million, up 35% year-over-year, and Free Cash Flow Margin of 27.2%.Returned $136 million to shareholders by repurchasing 3.5 million shares of Common Stock during the quarter.Acquired leading clearspan structures platform.Maintained leverage sequentially at 3.3x Net Debt to Adjusted EBITDA as of December 31, 2023, inside our target range of 3.0x to 3.5x. Full Year 2023 Revenue increased 10% to $2,365 milli Show less Read more
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