WillScot (NASDAQ:WSC) Announces Quarterly Earnings Results

WillScot (NASDAQ:WSC) issued its quarterly earnings results on Thursday. The company reported $0.21 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.16 by $0.05, FiscalAI reports. The company had revenue of $548.63 million for the quarter, compared to analyst estimates of $518.17 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The business’s revenue for the quarter was down 2.0% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.26 earnings per share.

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

• WillScot raised full‑year 2026 guidance to about $2.25 billion in revenue and ~$915 million in Adjusted EBITDA and now expects leasing revenue to inflect year‑over‑year in the second half of 2026.
• Commercial momentum is improving — total activations were up ~10% year‑over‑year in Q1 (modular activations up ~8%), while enterprise accounts revenue rose 12% and the enterprise pending order book is >25% higher ex‑World Cup.
• The business generated strong cash flow and returned capital — Q1 adjusted free cash flow was $116 million (21% margin), the company repurchased shares and paid dividends (~$20 million), and reduced debt by $76 million with ample liquidity.
• Near‑term margin pressure and local market softness — Q1 Adjusted EBITDA margin compressed to 38.5% due to higher unit prep, delivery & installation mix, rental costs (+9%) and commissions (+33%), and storage/container unit‑on‑rent declines (a previously noted ~$50 million headwind).

WillScot Price Performance

WSC stock opened at $23.30 on Friday. The company has a current ratio of 0.86, a quick ratio of 0.78 and a debt-to-equity ratio of 4.15. The company has a market capitalization of $4.21 billion, a P/E ratio of -77.67, a PEG ratio of 1.72 and a beta of 1.31. The business has a 50 day simple moving average of $19.74 and a 200-day simple moving average of $20.19. WillScot has a twelve month low of $14.91 and a twelve month high of $31.88.

WillScot Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 17th. Stockholders of record on Wednesday, June 3rd will be issued a $0.07 dividend. This represents a $0.28 annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Wednesday, June 3rd. WillScot’s dividend payout ratio is presently -93.33%.

Wall Street Analysts Forecast Growth

A number of research analysts recently weighed in on WSC shares. Oppenheimer lifted their price objective on shares of WillScot from $24.00 to $25.00 and gave the company an “outperform” rating in a report on Monday, February 23rd. William Blair reiterated a “market perform” rating on shares of WillScot in a report on Thursday, March 5th. Weiss Ratings reissued a “sell (d+)” rating on shares of WillScot in a research report on Wednesday, January 21st. Citigroup dropped their price target on shares of WillScot from $26.00 to $23.00 and set a “buy” rating for the company in a research note on Monday, March 9th. Finally, Morgan Stanley upped their price objective on WillScot from $21.00 to $23.00 and gave the stock an “equal weight” rating in a research report on Monday, February 23rd. Three equities research analysts have rated the stock with a Buy rating, seven have issued a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, WillScot has a consensus rating of “Hold” and a consensus price target of $23.50.

Institutional Trading of WillScot

Large investors have recently bought and sold shares of the business. Royal Bank of Canada raised its holdings in shares of WillScot by 24.6% in the first quarter. Royal Bank of Canada now owns 33,684 shares of the company’s stock valued at $936,000 after buying an additional 6,651 shares during the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC grew its holdings in shares of WillScot by 1.3% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 724,638 shares of the company’s stock worth $20,145,000 after buying an additional 8,963 shares during the last quarter. Creative Planning increased its position in WillScot by 6.9% in the 2nd quarter. Creative Planning now owns 15,814 shares of the company’s stock valued at $433,000 after acquiring an additional 1,024 shares during the period. American Century Companies Inc. increased its position in WillScot by 3.0% in the 2nd quarter. American Century Companies Inc. now owns 46,781 shares of the company’s stock valued at $1,282,000 after acquiring an additional 1,374 shares during the period. Finally, Hsbc Holdings PLC raised its stake in WillScot by 48.8% during the 2nd quarter. Hsbc Holdings PLC now owns 11,676 shares of the company’s stock valued at $320,000 after acquiring an additional 3,827 shares during the last quarter. Institutional investors and hedge funds own 95.81% of the company’s stock.

WillScot Company Profile

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.