WillScot Q1 revenue falls 4.6% YoY to $560M; EPS $0.23 vs $0.29; reaffirms outlook

WillScot Holdings Corp

2025-Q1 EPS reported $0.23 revenue$559,551,000

Revenue $560M, net income $43M ($0.23 diluted EPS); vs Q1 '24 revenue $587M, net income $56M ($0.29 EPS).
Adjusted EBITDA $229M (40.9% margin); reaffirmed FY2025 revenue, EBITDA, and CAPEX outlook.
Returned $45M via $32M share buyback (1.1M shares) and $0.07/share quarterly dividend.
Completed $500M 6.625% senior secured notes due 2030; redeemed $527M 2025 notes; net debt/EBITDA 3.5x.
Average modular space rates up 5.2% YoY; pending order book up 7% YoY.

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