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Willscot Mobile Mini Holdings Corp
NASDAQ:WSC

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Willscot Mobile Mini Holdings Corp Logo
Willscot Mobile Mini Holdings Corp
NASDAQ:WSC
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Price: 18.84 USD 3.23% Market Closed
Market Cap: $3.4B

Willscot Mobile Mini Holdings Corp
Investor Relations

Willscot Mobile Mini Holdings Corp. is a fascinating entity in the realm of modular space and portable storage solutions. Born from the merger of WillScot Corporation and Mobile Mini, this company has strategically positioned itself as a leader in providing innovative space solutions and essential storage services. The core of its business sits at the crossroads of flexibility and practicality. Through its diverse offerings, Willscot Mobile Mini caters to a broad range of industries, including construction, education, industrial sectors, and events, providing ready-to-use modular offices and secure storage containers. The value proposition extends beyond mere space; the company offers a suite of add-on products and services like furniture packages and technology enhancements, allowing its customers to create tailor-made solutions suited to their specific operational needs.

Revenue generation for Willscot Mobile Mini Holdings is closely tied to the rental of its versatile fleet of modular units and portable storage containers. This business model is marked by recurring revenue streams, given the nature of rental contracts, that often have long durations. The company maximizes resource utilization by maintaining operational flexibility, with an extensive network of branches that allows it to respond rapidly to shifting client needs. By focusing on customer-centric innovation and capitalizing on the increasing demand for flexible workspace solutions, the company has not only expanded its market presence but also enhanced its cash flow stability. Such strategic operations provide a solid foundation for continuous growth while adapting to a changing business environment where space and storage requirements are constantly evolving.

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Last Earnings Call
Fiscal Period
Q4 2025
Call Date
Feb 19, 2026
AI Summary
Q4 2025

Revenue Down: WillScot reported Q4 2025 revenue of $566 million, down 2% year-over-year, largely due to lower seasonal storage demand from one customer.

Margins Impacted: Adjusted EBITDA was $250 million in Q4 with a margin of 44.2%, slightly below expectations due to revenue mix and higher health insurance costs.

Strong Cash Generation: Adjusted free cash flow was $91 million in Q4 and $489 million for full year 2025, exceeding guidance.

Conservative Guidance: 2026 revenue is guided to $2.175 billion and adjusted EBITDA to $900 million, reflecting caution and ongoing storage headwinds.

Order Momentum: Modular pending order book is up 17% year-over-year, and enterprise account revenue grew 10% in Q4, signaling potential for inflection later in 2026.

Operational Initiatives: The company launched a network optimization plan expected to save $25–$30 million annually and improve margins.

AI and Tech Investments: WillScot is implementing AI tools in sales, pricing, safety, and customer service to drive efficiency.

Key Financials
Revenue
$566 million
Adjusted EBITDA
$250 million
Adjusted EBITDA Margin
44.2%
Adjusted Free Cash Flow
$91 million (Q4); $489 million (full year)
Adjusted Free Cash Flow Margin
16.1% (Q4); 21.4% (full year)
Net CapEx
$273 million (2025)
Total Debt
Under $3.6 billion (end of 2025)
Leverage Ratio
3.6x
VAPS Penetration
17.8% of total revenue (Q4); 17.4% (full year 2025)
Enterprise Account Revenue Growth
Up 10% YoY in Q4 (excluding large seasonal customer)
Sales Staffing
Up 13% YoY entering 2026
Modular Pending Order Book
Up 17% YoY
Portable Storage Order Rates
Up 11% YoY (last 13 weeks)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Bradley Lee Soultz
CEO & Director
No Bio Available
Mr. Timothy D. Boswell
President & CFO
No Bio Available
Ms. Sally J. Shanks
Senior VP, Chief Accounting Officer & Treasurer
No Bio Available
Mr. Graeme Parkes
Executive VP & Chief Information Officer
No Bio Available
Mr. Hezron Timothy Lopez
Executive VP, Chief Legal & Compliance Officer & ESG
No Bio Available
Ms. Felicia K. Gorcyca
Executive VP & Chief Human Resources Officer
No Bio Available
Mr. Nick Girardi
Director of Treasury & Investor Relations
No Bio Available
Mr. Joseph F. Donegan
Executive Vice President of US Field Operations
No Bio Available

Contacts

Address
ARIZONA
Phoenix
4646 E. Van Buren Street, Suite 400
Contacts
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