Willscot Mobile Mini beats Q2 revenue estimates on large project, event activity, raises 2026 outlook

WillScot Holdings

06/08/2026 21:24

Overview
US temporary space solutions provider's Q2 revenue grew, beating analyst expectations
Company raised 2026 outlook for revenue, Adjusted EBITDA and net CAPEX on commercial momentum

Outlook
Company raises 2026 revenue outlook to $2.3 bln
WillScot lifts 2026 Adjusted EBITDA forecast to $920 mln
Company increases 2026 Net CAPEX outlook to $375 mln

Result Drivers
LARGE PROJECTS AND EVENTS - Growth in delivery and installation revenue was driven by large complex installation activity and a significant event project
MODULAR UNIT ACTIVATION - Year-over-year modular unit activation growth and a return to leasing revenue growth were attributed to large project and event activity, and enterprise accounts and verticals strategies
ELEVATED VARIABLE COSTS - Margin performance reflected higher variable costs supporting modular space unit activation growth and the revenue mix impact of increased delivery and installation revenue

Company press release: ID:nGNX9ZR4YM

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q2 Revenue
Beat
$612.15 mln
$585.38 mln (9 Analysts)
Q2 Adjusted EBITDA
 
$227.88 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 Corporation is $29.00, about 9.2% above its August 5 closing price of $26.56
The stock recently traded at 22 times the next 12-month earnings vs. a P/E of 20 three months ago

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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.)