---
schema_version: "secwatch.filing_event.v1"
accession: "0001647088-23-000024"
form_type: "8-K"
ticker: "WSC"
cik: "0001647088"
company_name: "WillScot Holdings Corp"
filed_at: "2023-04-26T23:59:59+00:00"
generated_at: "2026-06-16T13:02:07.919142+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# WillScot Mobile Mini Q1 revenue up 25% to $565M, Adj EBITDA up 47% to $247M, raises 2023 guidance

## Summary
- Revenue $565M (+25% YoY); income from continuing ops $76M (+96%); Adj EBITDA $247M (+47%) with margin 43.7% (+650 bps).
- Free cash flow $103M (+88% YoY); Free cash flow margin 18%. Leverage reduced to 3.0x Net Debt/Adj EBITDA.
- Raised 2023 Adj EBITDA guidance to $1,025-1,075M; lowered Net Capex guidance to $250-300M.
- Repurchased 4.6M shares for $216M in Q1, reducing economic share count 9.5% over last 12 months.
- Completed two tuck-in acquisitions for $80M; divested UK Storage for $418M in January 2023.

## SEC filing metadata
- accession: 0001647088-23-000024
- form_type: 8-K
- ticker: WSC
- cik: 0001647088
- company_name: WillScot Holdings Corp
- filed_at: 2023-04-26T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647088/000164708823000024/0001647088-23-000024-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647088/000164708823000024/wsc-20230426.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647088-23-000024
- JSON: https://secwatch.observer/filing/0001647088-23-000024.json
- Plain text: https://secwatch.observer/filing/0001647088-23-000024.txt

## Key facts
- Earnings Releases
  WillScot Holdings Corp reported first quarter ended March 31, 2023 results: revenue $565 million, net income $76 million. Guidance raised.
  - Period: first quarter ended March 31, 2023
  - Revenue: $565 million
  - Net income: $76 million
  - Guidance: raised
  - Result: reported results
  source text: First quarter revenue increased 25% to $565 million, income from continuing operations increased 96% to $76 million, and Adjusted EBITDA from continuing operations increased 47% to $247 million year-over-year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1647088/000164708823000024/0001647088-23-000024-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.