secwatch.observer — SEC 8-K summary
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Issuer:     WillScot Holdings Corp (WSC)
CIK:        0001647088
Form:       8-K
Filed at:   2025-05-01T23:59:59+00:00
Accession:  0001647088-25-000027
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1647088/000164708825000027/0001647088-25-000027-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1647088/000164708825000027/wsc-20250501.htm
  HTML page:      https://secwatch.observer/filing/0001647088-25-000027

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer