secwatch.observer — SEC 8-K summary
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Issuer:     WillScot Holdings Corp (WSC)
CIK:        0001647088
Form:       8-K
Filed at:   2024-05-02T23:59:59+00:00
Accession:  0001647088-24-000085
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647088/000164708824000085/0001647088-24-000085-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647088/000164708824000085/wsc-20240502.htm
  HTML page:      https://secwatch.observer/filing/0001647088-24-000085

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