WillScot Holdings Corp

Latest Results (18.11.2025):

WillScot Holdings Corp reported its Third Quarter 2025 results with notable operational performance. For Q3 2025, the company generated $567 million in revenue, a net income of $43 million, and an Adjusted Net Income of $55 million. Adjusted EBITDA reached $243 million at a 42.9% margin, while leasing revenues experienced a slight 4.7% year-over-year decline. In addition, the company delivered strong operating cash flows of $191 million and maintained focus on debt reduction and shareholder returns through debt paydowns, share repurchases, and dividend payments.

Robust Earnings and Cash Flow

In Q3 2025, WillScot achieved key financial milestones: $567 million in revenue, net income of $43 million, Adjusted Net Income of $55 million, and Adjusted EBITDA of $243 million. The company also recorded $191 million of operating cash flow and $122 million in Adjusted Free Cash Flow, underpinning its strong cash generation during the quarter.

Debt Reduction and Shareholder Returns

The company effectively managed its balance sheet in Q3 2025 by reducing total debt by $84 million and repurchasing shares, alongside returning $21 million to shareholders via share buybacks and a quarterly cash dividend. Amendments to its revolving credit facility extended maturity to October 2030, contributing to reduced annual cash interest expense.

Outlook and Market Adjustments

WillScot updated its FY 2025 outlook for Revenue, Adjusted EBITDA, and Net CAPEX based on current end market demand and seasonal retail trends. The management remains focused on strategic initiatives, including network optimization and targeted capex investments, to support growth and profitability in the coming quarters.