WillScot Q3 Adj EBITDA $251M (+40% YoY); raises FY22 guidance to $910-930M

WillScot Holdings Corp

2022-Q3 EPS reported $1.13 revenue$1,632,339,000

Revenue from continuing ops $604M (+31% YoY); Adj EBITDA $251M (+40%); margin 41.6% (+270 bps).
Raised FY22 guidance: rev $2.22-2.27B, Adj EBITDA $910-930M from continuing ops.
Divested Tank & Pump segment for ~$323M (gain $34M); net proceeds reduced leverage to 3.4x.
Repurchased $197M of stock (5.3M shares); economic share count down 6.4% LTM.
NA Storage revenue +51.3% YoY; NA Modular +25.5%; UK Storage +9.1% in local currency.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WillScot Holdings Corp reported third quarter ended September 30, 2022 results: revenue $604 million, net income $86 million, EPS $0.39 per diluted share.

Period: third quarter ended September 30, 2022
Revenue: $604 million
Net income: $86 million
EPS: $0.39 per diluted share
Result: reported results

Exact text from the filing

From our continuing operations, revenues of $604 million increased by 31%, Adjusted EBITDA of $251 million increased by 40%, and Income from continuing operations of $86 million and diluted EPS from continuing operations of $0.39 increased by 50% and 66%, respectively.

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Source: SEC EDGAR

accession 0001647088-22-000045

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