WillScot Holdings Q2 revenue beats expectations

WillScot Holdings

31/07/2025 21:13

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: ID:nGNX5xZ2Lf

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)