WillScot Holdings Q2 revenue beats expectations
Overview
WillScot Holdingd Q2 2025 revenue at $589 mln, beating analyst expectations, per LSEG data
Adjusted EBITDA for Q2 at $249 mln, with a 42.3% margin
Co narrows FY 2025 revenue and Adjusted EBITDA outlook, reflecting mixed market outlook
Outlook
WillScot narrows FY 2025 revenue outlook to $2.3 bln - $2.35 bln
Company narrows FY 2025 adjusted EBITDA outlook to $1 bln - $1.02 bln
WillScot expects FY 2025 adjusted free cash flow of $500 mln - $550 mln
Company sees mixed end-market outlook in near term
Result Drivers
LEASING REVENUES - Sequential improvement in leasing revenues by 2.0% due to higher average monthly rates, despite a year-over-year decline of 3.4%
CASH FLOW STRENGTH - Strong cash flow generation with $205 mln from operating activities, aiding capital redeployment and shareholder returns
ACQUISITIONS - $134 mln deployed towards acquisitions, including a climate-controlled temporary storage business
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q2 Revenue | Beat | $589.08 mln | $587.50 mln (8 Analysts) |
Q2 Adjusted EBITDA | $248.91 mln | ||
Q2 Adjusted EBITDA Margin | 42.3% |
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", 6 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the corporate financial services peer group is "buy"
Wall Street's median 12-month price target for WillScot Holdings Corp is $37.50, about 19.7% above its July 30 closing price of $30.10
The stock recently traded at 17 times the next 12-month earnings vs. a P/E of 16 three months ago
Press Release:
