secwatch.observer — SEC 8-K summary
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Issuer:     WillScot Holdings Corp (WSC)
CIK:        0001647088
Form:       8-K
Filed at:   2024-02-20T23:59:59+00:00
Accession:  0001647088-24-000029
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WillScot Mobile Mini Q4 revenue up 4% to $612M; FY23 Adj EBITDA $1.06B; FY24 guide $1.125-1.2B
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- Q4 revenue $612M (+4% YoY); Adj EBITDA $288M (+7% YoY); margin 47.0% (+160 bps).
- FY23 revenue $2.365B (+10% YoY); income from cont ops $342M (+24%); Adj EBITDA $1.061B (+20%); margin 44.9%.
- FY23 Free Cash Flow $577M (+75% YoY); ROIC 18%; repurchased 18.5M shares for $811M (8.6% share count reduction).
- FY24 Adj EBITDA outlook $1.125-1.2B (6-13% growth); pending MGRC acquisition expected to close Q2 2024.
- Leverage 3.3x Net Debt/Adj EBITDA; weighted avg interest rate ~5.9%; no maturities before 2025.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647088/000164708824000029/0001647088-24-000029-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647088/000164708824000029/wsc-20240220.htm
  HTML page:      https://secwatch.observer/filing/0001647088-24-000029

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer