WillScot Mobile Mini posts record Q2: revenue $582M, Adj. EBITDA $261M (44.9% margin), FCF $160M

WillScot Holdings Corp

2023-Q2 EPS reported $1.43 revenue$1,147,557,000

Revenue $582M +11% YoY; income from cont ops $88M +46% YoY; Adj. EBITDA $261M +25% YoY (44.9% margin, +500bps).
Free Cash Flow $160M, up 130% YoY (27.4% margin). ROIC 18.1% (+340bps).
Repurchased 5.4M shares for $239M; economic share count reduced 9.1% over last twelve months.
Reaffirmed 2023 Adj. EBITDA guidance $1.025B-$1.075B; expects FCF >$500M.
Modular segment revenue $370.7M (+10.6%), margin 40.8% (+420bps); Storage segment revenue $211.4M (+12.7%), margin 52.0% (+630bps).

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

WillScot Holdings Corp reported second quarter ended June 30, 2023 results: revenue $582 million, net income $88 million.

Period: second quarter ended June 30, 2023
Revenue: $582 million
Net income: $88 million
Result: reported results

Exact text from the filing

Second quarter revenue increased 11% to $582 million, income from continuing operations increased 46% to $88 million

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Source: SEC EDGAR

accession 0001647088-23-000069

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