WillScot Holdings Corp (WSC) Form 10-Q — Nov 5, 2026
WillScot reported Q3 2026 revenue of $601.3 million, up 6.1% year over year, with net income of $51.6 million, up 19.0%, driven by strong delivery and installation revenue (+22.7%) from large complex projects including data centers and power generation. However, Adjusted EBITDA fell 4.0% to $233.6 million as upfront costs to activate modular units and a 142% jump in bad debt provision weighed on margins, while portable storage units on rent declined 6.7% on weaker non-residential construction starts.
Key figures
- Eps
- 0.28
- Revenue
- 601338000
- Net Income
- 51575000
- Total Debt
- 3449285000
- Revenue Yoy
- 6.1%
- Total Assets
- 5912811000
- Cash Position
- 15106000
- Net Capex Q3
- 123107000
- Adjusted Fcf9 M
- 249067000
- Adjusted Fcf Q3
- 78425000
- Adjusted Ebitda9 M
- 672449000
- Adjusted Ebitda Q3
- 233551000
- Dividend Per Share
- $0.07 quarterly
- Shares Outstanding
- 181685078
- Modular Units On Rent
- 90441
- Adjusted Ebitda Q3 Yoy
- -4.0%
- Abl Available Capacity
- 1.6 billion
- Portable Storage Units On Rent
- 98741
- Network Optimization Future Costs
- approximately $41 million
AI analysis
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