earnings
confidence high
sentiment positive
materiality 0.70
WillScot Q2 revenue +4% to $605M; Adj. EBITDA $264M, FY guidance $1.085-1.125B; McGrath deal on track for Q4 close
WillScot Holdings Corp
2024-Q2 EPS reported
$0.05
revenue$1,191,771,000
- Revenue $605M (+4%), GAAP loss $47M incl. $133M impairment; Adj. EPS $0.39.
- Adj. EBITDA $264M (+1%), margin 43.6% (+136 bps seq.); FY guidance $1.085-1.125B.
- Free cash flow $121M (20% margin); repurchased 2M shares for $79M in Q2.
- Closed $500M 6.625% senior notes due 2029; leverage 3.3x; no maturities before 2025.
- McGrath shareholder vote passed; FTC review extended to Sept 27; expected close Q4 2024.