---
schema_version: "secwatch.filing_event.v1"
accession: "0001647088-25-000064"
form_type: "8-K"
ticker: "WSC"
cik: "0001647088"
company_name: "WillScot Holdings Corp"
filed_at: "2025-11-06T23:59:59+00:00"
generated_at: "2026-05-16T23:44:31.069447+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Q3 revenue $567M, net income $43M; cuts FY 2025 outlook due to AR write-offs and softer demand

## Summary
- 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.

## SEC filing metadata
- accession: 0001647088-25-000064
- form_type: 8-K
- ticker: WSC
- cik: 0001647088
- company_name: WillScot Holdings Corp
- filed_at: 2025-11-06T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1647088/000164708825000064/0001647088-25-000064-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1647088/000164708825000064/wsc-20251106.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001647088-25-000064
- JSON: https://secwatch.observer/filing/0001647088-25-000064.json
- Plain text: https://secwatch.observer/filing/0001647088-25-000064.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.