WillScot Q3 revenue misses estimates

WillScot Holdings

06/11/2025 21:47

Overview

WillScot Q3 2025 revenue of $567 mln missed analyst expectations

Leasing revenues declined 4.7% yr/yr due to increased write-offs

Company reduced debt by $84 mln and repurchased $21 mln in shares

Outlook

Company expects Q4 2025 revenue of $545 mln and adjusted EBITDA of $250 mln

Result Drivers

LEASING REVENUE STABILITY - Leasing revenues were stable sequentially when excluding write-offs, with favorable rate and mix offsetting volume headwinds

OPERATIONAL INITIATIVES - Co improved collections processes and customer satisfaction, realizing improvements in days sales outstanding

GROWTH FOCUS - Co targets growth in Enterprise Accounts and differentiated offerings for future expansion

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q3 Revenue
Miss
$566.84 mln
$579.69 mln (9 Analysts)
Q3 Adjusted EBITDA
$243.31 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 5 "strong buy" or "buy", 5 "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 $33.00, about 37% above its November 5 closing price of $20.79

The stock recently traded at 15 times the next 12-month earnings vs. a P/E of 17 three months ago

Press Release: ID:nGNX6SNBK2

For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com.

(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.)