WillScot (NASDAQ:WSC) Issues Quarterly Earnings Results

WillScot (NASDAQ:WSC) announced its quarterly earnings data on Thursday. The company reported $0.28 earnings per share for the quarter, topping the consensus estimate of $0.25 by $0.03, FiscalAI reports. The company had revenue of $612.15 million during the quarter, compared to analyst estimates of $585.43 million. WillScot had a negative net margin of 2.99% and a positive return on equity of 20.65%. The firm’s revenue for the quarter was up 3.9% compared to the same quarter last year. During the same period last year, the business earned $0.27 EPS.

Here are the key takeaways from WillScot’s conference call:

• Q2 exceeded expectations: Revenue rose 4% year over year to $612 million, while adjusted EBITDA reached $228 million, above the company’s $223 million outlook. Leasing and services revenue increased 6%, with delivery and installation revenue up more than 25%.
• Large-project demand is strengthening: Modular activations increased 16% year over year, or approximately 10% excluding World Cup activity, and the modular pending order book was up 13%. Management cited improving win rates, higher-quality projects, longer durations, stronger pricing, and growing enterprise-account revenue.
• Full-year outlook was raised: WillScot now expects approximately $2.3 billion of 2026 revenue and $920 million of adjusted EBITDA, increases of $50 million and $15 million, respectively, from its prior outlook. The company expects substantial sequential margin expansion in the second half as activation costs and World Cup-related delivery activity moderate.
• Investment is rising to support future growth: Net CapEx guidance increased to approximately $375 million, focused on new units and refurbishment for projects extending into early 2027. Management emphasized attractive returns and investment flexibility, but acknowledged that higher spending will reduce near-term free cash flow and that major projects can be delayed.
• Demand remains uneven and margins are currently pressured: Transactional and smaller-project activity continues to face headwinds, while Q2 adjusted EBITDA margin fell to 37.2% due to higher leasing and transfer costs, revenue mix, sales investment, and credit-loss provisions. Excluding the World Cup, combined modular storage and value-added product leasing revenue was essentially flat year over year.

WillScot Stock Performance

Shares of NASDAQ:WSC traded down $0.74 during trading on Thursday, hitting $25.82. 2,927,583 shares of the company traded hands, compared to its average volume of 2,078,606. The company has a quick ratio of 0.72, a current ratio of 0.79 and a debt-to-equity ratio of 4.00. The business’s fifty day moving average is $26.83 and its 200-day moving average is $23.15. The stock has a market capitalization of $4.67 billion, a price-to-earnings ratio of -67.95, a PEG ratio of 1.58 and a beta of 1.33. WillScot has a one year low of $14.91 and a one year high of $29.77.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on the stock. Citigroup increased their price target on shares of WillScot from $27.00 to $30.00 and gave the stock a “buy” rating in a research report on Wednesday, July 8th. UBS Group assumed coverage on WillScot in a research note on Wednesday, April 8th. They set a “neutral” rating and a $19.00 price objective on the stock. Robert W. Baird set a $26.00 target price on WillScot in a report on Friday, May 8th. Oppenheimer reiterated an “outperform” rating and issued a $29.00 target price on shares of WillScot in a research report on Friday, May 8th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of WillScot in a report on Wednesday, May 20th. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $26.25.

Insider Activity

In related news, Director Bradley Lee Soultz sold 4,317 shares of the firm’s stock in a transaction that occurred on Wednesday, May 13th. The stock was sold at an average price of $25.92, for a total value of $111,896.64. Following the sale, the director owned 414,059 shares of the company’s stock, valued at approximately $10,732,409.28. This trade represents a 1.03% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Over the last 90 days, insiders sold 155,781 shares of company stock valued at $4,205,113. Company insiders own 3.40% of the company’s stock.

Hedge Funds Weigh In On WillScot

Hedge funds and other institutional investors have recently modified their holdings of the company. Parallel Advisors LLC raised its stake in WillScot by 149.9% during the 4th quarter. Parallel Advisors LLC now owns 2,064 shares of the company’s stock valued at $39,000 after acquiring an additional 1,238 shares in the last quarter. Danske Bank A S bought a new position in shares of WillScot in the third quarter worth $44,000. Advisors Asset Management Inc. increased its holdings in shares of WillScot by 160.4% during the fourth quarter. Advisors Asset Management Inc. now owns 2,961 shares of the company’s stock valued at $56,000 after purchasing an additional 1,824 shares during the period. CIBC Private Wealth Group LLC increased its holdings in shares of WillScot by 130.3% during the third quarter. CIBC Private Wealth Group LLC now owns 2,766 shares of the company’s stock valued at $58,000 after purchasing an additional 1,565 shares during the period. Finally, Pacer Advisors Inc. bought a new stake in shares of WillScot during the fourth quarter valued at about $71,000. Institutional investors and hedge funds own 95.81% of the company’s stock.

About WillScot

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single?unit office trailers and classrooms to complex multi?unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.