earnings
confidence high
sentiment negative
materiality 0.80
Q3 revenue $567M, net income $43M; cuts FY 2025 outlook due to AR write-offs and softer demand
WillScot Holdings Corp
2025-Q3 EPS reported
$0.73
revenue$1,715,475,000
- Leasing revenue $434M, down 4.7% YoY; $24.5M write-offs reduced revenue vs $9M in Q3 2024.
- Adjusted EBITDA $243M (42.9% margin), down from $266.9M in Q3 2024.
- Updated Q4 outlook: revenue ~$545M, Adj. EBITDA ~$250M; full-year outlook lowered.
- Network optimization plan: disposal of rental fleet with NBV $250-350M; incremental depreciation expected.
- Paid down $84M debt; amended ABL facility to Oct 2030; net debt/EBITDA 3.6x.