Solid Adjusted EBITDA Margins
Adjusted EBITDA margins reached 41%, translating to $145 million of adjusted free cash flow at a 26% margin.
Positive Order Book Growth
The pending order book for modular and storage products increased by 7% year-over-year, supporting future lease activation levels.
Successful Debt Refinancing
Refinanced 2025 senior secured notes to 2030 at a fixed interest rate of 6.625%, extending maturity and enhancing financial flexibility.
Increased Value-Added Products (VAPs) Revenue
VAPs represented over 17% of total revenue, moving towards a long-term goal of 20%-25% of revenue from VAPs.
Strong Free Cash Flow Per Share
Adjusted free cash flow per share was reported at $0.79 for the quarter, with a trailing twelve months figure of $3.02.