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Willscot Mobile Mini Holdings Corp. (WSC)
NASDAQ:WSC
Earnings Data
Report Date
Apr 29, 2026Before Open (Confirmed)
Period Ending
2026 (Q1)Consensus EPS Forecast
0.16Last Year’s EPS
0.24Same Quarter Last Year
Moderate Buy
Based on 7 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Neutral
The call presented a balanced picture: strong cash generation, high margins, improving commercial indicators (enterprise account wins, order book growth, sales staffing improvements) and targeted investments in higher-value offerings argue for resilience and a pathway back to growth. Offsetting that are tangible near-term headwinds — notably a $50M traditional storage revenue drag, a substantial $302M noncash restructuring charge tied to fleet optimization, anticipated cash costs for disposals (~$35M in 2026), elevated health insurance and conservative 2026 guidance (revenue and EBITDA down vs. 2025). Management framed the guidance conservatively and emphasized that upside is possible if commercial momentum sustains. Given the meaningful positive cash-flow and operational progress but material near-term charges and revenue headwinds, the net tone is cautious optimism rather than unambiguous improvement.Company Guidance
Strong Free Cash Flow and Cash Generation
Q4 adjusted free cash flow of $91M (16.1% margin, $0.50 per share); FY2025 adjusted free cash flow $489M (21.4% margin, $2.70 per share). Cash generation exceeded guidance and remained a core strength.
Solid Adjusted EBITDA and Margin Resilience
Q4 adjusted EBITDA $250M with a 44.2% margin; FY2025 adjusted EBITDA $971M at a 42.6% margin. Results were in line or modestly better than guidance despite headwinds.
Order Book and Enterprise Momentum
Modular pending order book up 17% year-over-year (up 5% excluding enterprise activity). Enterprise account revenue up 7% for full year 2025 and up 10% in Q4 (excl. one large seasonal container customer). Company sees large RFP wins tied to data centers, power generation and large-scale manufacturing.
Early Commercial & Sales Improvements
Sales staffing increased 13% year-over-year with improved tenure and lower turnover; first-month commission performance above targets. Modular activations grew 3% year-over-year in Q4 and portable storage order rates up 11% year-over-year over the last 13 weeks.
Portfolio Repositioning and Growth Investments
Net CapEx for FY2025 $273M (up 17% YoY) driven by investments in higher-value products (FLEX, complexes, VAPS). Net CapEx guide for 2026 is $275M, reflecting continued priority on differentiated offerings (70% toward modular refurbishments/new differentiated fleet).
Network Optimization with Expected Structural Savings
Board-approved network optimization to exit ~25% of leased acreage over 4 years, targeting $25–$30M of annual real estate cost savings and pro forma utilization improvements of over 700 bps after removing accelerated-depreciation units.
Balanced Capital Allocation and Deleveraging Actions
FY2025 deployment included ~$145M of acquisitions, $146M of debt paydown, and $151M returned to shareholders. Total debt under $3.6B with leverage ~3.6x and an amended ABL maturity extended to Oct 2030.
Rapid Growth in High-Value Niches (Cold Storage & Data Centers)
Cold storage order book up ~105% year-over-year; data center contractual revenue expected to be ~+50% year-over-year in 2026 (still a small percentage of total revenue but rapidly growing).
WSC Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
WSC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 19, 2026 | $22.11 | $22.81 | +3.17% |
Nov 06, 2025 | $19.48 | $18.21 | -6.52% |
Jul 31, 2025 | $29.16 | $25.17 | -13.70% |
May 01, 2025 | $25.40 | $27.06 | +6.52% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Willscot Mobile Mini Holdings Corp. (WSC) report earnings?
Willscot Mobile Mini Holdings Corp. (WSC) is schdueled to report earning on Apr 29, 2026, Before Open (Confirmed).
What is Willscot Mobile Mini Holdings Corp. (WSC) earnings time?
Willscot Mobile Mini Holdings Corp. (WSC) earnings time is at Apr 29, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is WSC EPS forecast?
WSC EPS forecast for the fiscal quarter 2026 (Q1) is 0.16.