secwatch.observer — SEC 8-K summary
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Issuer:     WillScot Holdings Corp (WSC)
CIK:        0001647088
Form:       8-K
Filed at:   2024-10-30T23:59:59+00:00
Accession:  0001647088-24-000158
Event type: earnings
Sentiment:  negative
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

WillScot Q3 GAAP loss $70M on $180M termination fee; updates FY24 EBITDA guidance down to $1.05-1.07B
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- Revenue $601M, down 0.6% YoY; GAAP diluted loss per share $0.37; adjusted EPS $0.38.
- Adjusted EBITDA $267M (+1% YoY), margin 44.4% (+50bps YoY); Adjusted FCF $143M, margin 23.8%.
- FY24 Adjusted EBITDA outlook lowered to $1,050M-$1,070M from prior midpoint, citing prolonged non-residential construction contraction.
- Returned $62M to shareholders via share repurchases in Q3; leverage 3.4x; ROIC 16.5% (last 12 months).
- Management expects modest organic growth in 2025; plans to resume tuck-in M&A and new product adjacencies.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647088/000164708824000158/0001647088-24-000158-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647088/000164708824000158/wsc-20241030.htm
  HTML page:      https://secwatch.observer/filing/0001647088-24-000158

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