Willscot Mobile Mini Holdings Corp. ( (WSC) ) has released its Q4 earnings. Here is a breakdown of the information Willscot Mobile Mini Holdings Corp. presented to its investors.
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WillScot Mobile Mini Holdings Corp., a leader in providing innovative temporary space solutions, operates in North America and offers a comprehensive range of modular and mobile space products.
The company recently announced its fourth quarter and full year 2024 financial results, alongside an outlook for the year 2025. The report highlighted key performance metrics and strategic directions that reflect the company’s focus on growth and shareholder returns.
For Q4 2024, WillScot reported a revenue of $603 million with a gross profit margin of 55.8%, and an income from continuing operations of $89 million leading to diluted earnings per share of $0.48. The full year 2024 saw revenues of $2,396 million, adjusted EBITDA of $1,063 million, and substantial returns to shareholders through share repurchases. Notably, the company maintained a strong cash flow profile with an adjusted free cash flow of $554 million for the year.
The 2025 outlook projects revenues between $2,275 million to $2,475 million, reflecting continued growth in average monthly rates and expanded product offerings. The company anticipates moderating headwinds in rental units in the latter half of the year. A new capital allocation framework includes a quarterly dividend, demonstrating a commitment to returning capital to shareholders.
Looking ahead, WillScot’s management expresses confidence in sustaining robust cash flows and executing on long-term growth strategies. The company remains focused on operational excellence and enhancing shareholder value amidst an uncertain economic backdrop.
