WillScot Q4 2025 net loss $187M; FY2026 revenue ~$2.175B, adj EBITDA ~$900M

WillScot Holdings Corp

2025-FY EPS reported -$0.29 revenue$2,281,446,000

Q4 revenue $566M down 6% YoY; net loss $187M vs $89M profit a year ago. Diluted EPS $(1.03).
Adjusted EBITDA $250M (44.2% margin) vs $285M (47.3%) YoY; Adjusted EPS $0.29 vs $0.49.
FY2026 outlook: revenue ~$2.175B, Adj EBITDA ~$900M, Net CAPEX ~$275M; conservative vs run rate.
Leasing revenue $437M down 5.9% YoY but up 0.8% sequentially; modular activations up 3% YoY.
Network Optimization Plan: $302M restructuring charge; expects $25-30M annual cost savings over 4 years.

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