WSCWillScot Holdings Corporation

$3B

Q1 2019 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$255M+89.2% YoY

Gross Profit

$105M41.0% margin

Operating Income

$21M8.3% margin

Net Income

-$10M-4.0% margin

EPS (Diluted)

$-0.09

QoQ Revenue Growth

-0.9%

Cash Flow

Operating Cash Flow

$15M

Free Cash Flow

-$38M

Stock-Based Comp.

$1M

Balance Sheet

Total Assets

$2.8B

Total Liabilities

$2.1B

Stockholders' Equity

$631M

Cash & Equivalents

$13M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$255M	$135M	+89.2%
Gross Profit	$105M	$51M	+105.5%
Operating Income	$21M	$4M	+374.7%
Net Income	-$10M	-$6M	-66.5%

Revenue Segments

Leasing and Services

$229M34%

Modular Leasing

$178M27%

Modular Space Leasing

$124M19%

Modular Delivery and Installation

$50M8%

Value-Added Product and Services

$37M6%

NewUnitsMember

$15M2%

RentalUnitsMember

$12M2%

Other Leasing Related Products and Services

$11M2%

Portable Storage Leasing

$6M1%

Value Added Services

$4M1%

Geographic Segments

UNITED STATES

$233M91%

CANADA

$18M7%

MEXICO

$4M2%