Willscot Mobile Mini beats Q1 revenue estimates, lifts 2026 revenue outlook

WillScot Holdings

07/05/2026 21:33

Overview

US temporary space solutions provider's Q1 revenue rose, beating analyst expectations

Adjusted EBITDA for Q1 declined yr/yr

Leasing revenue fell but delivery and installation revenue grew

Company raised 2026 full-year outlook for revenue, Adjusted EBITDA and Net CAPEX on improving demand

Outlook

Company raises 2026 revenue outlook to $2.25 bln

WillScot lifts 2026 Adjusted EBITDA forecast to $915 mln

Company increases 2026 Net CAPEX outlook to $325 mln

Result Drivers

LARGE PROJECT DEMAND - Company said increased demand from large projects, especially in data center, power generation, utility, manufacturing, and events sectors, drove Q1 results

DELIVERY & INSTALLATION GROWTH - 12.3% yr/yr increase in delivery and installation revenue offset leasing revenue decline, driven by project activations

OPERATIONAL INITIATIVES - Execution of network optimization and fleet activation supported increased activity and minimized lead times

Company press release: ID:nGNXmJyLf

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Beat
$548.63 mln
$518.17 mln (9 Analysts)
Q1 Adjusted EBITDA
$211.01 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 3 "strong buy" or "buy", 7 "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 $23.00, about 1.7% below its May 6 closing price of $23.40

The stock recently traded at 21 times the next 12-month earnings vs. a P/E of 18 three months ago

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