WillScot Mobile Mini Q1 revenue $587M, free cash flow up 40%, McGrath acquisition on track

WillScot Holdings Corp

2024-Q1 EPS reported $0.29 revenue$587,181,000

Q1 revenue $587M (+4% YoY); income from continuing ops $56M (down from $76M YoY).
Adjusted EBITDA flat at $248M; Free Cash Flow $144M (+40% YoY), margin 24.5% (+660bps).
Leverage 3.3x net debt/EBITDA; ROIC 17%; repurchased $595M shares over last 12 months.
FY2024 outlook maintained: revenue $2,485-$2,635M, Adjusted EBITDA $1,125-$1,200M.
Agreement to acquire McGrath RentCorp (MGRC) expected to close in 2024.

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 0.95

WillScot Holdings Corp reported first quarter ended March 31, 2024 results: revenue $587 million, net income $56 million. Guidance reaffirmed.

Period: first quarter ended March 31, 2024
Revenue: $587 million
Net income: $56 million
Guidance: reaffirmed
Result: reported results

Exact text from the filing

first quarter 2024 results and provided an update on operations and the current market environment, including the following highlights: Q1 2024 • Revenue increased 4% to $587 million and Income from continuing operations was $56 million. Income from operations included approximately $15 million of integration and transaction-related expenses. Adjusted EBITDA

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Source: SEC EDGAR

accession 0001647088-24-000085

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