WSCWillScot Holdings Corporation

$4B

Q1 2021 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$425M+66.3% YoY

Gross Profit

$213M50.2% margin

Operating Income

$75M17.7% margin

Net Income

$4M1.0% margin

EPS (Diluted)

$0.02

QoQ Revenue Growth

-2.8%

Cash Flow

Operating Cash Flow

$122M

Free Cash Flow

$62M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$5.5B

Total Liabilities

$3.5B

Stockholders' Equity

$2.0B

Cash & Equivalents

$27M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$425M	$256M	+66.3%
Gross Profit	$213M	$106M	+100.9%
Operating Income	$75M	$25M	+196.7%
Net Income	$4M	$92M	-95.2%

Revenue Segments

Leasing and Services

$399M35%

Modular Leasing

$316M28%

Modular Space Leasing

$170M15%

Modular Delivery and Installation

$84M7%

Value-Added Product and Services

$62M5%

Portable Storage Leasing

$55M5%

Tank and Pump Solutions Segment

$16M1%

RentalUnitsMember

$15M1%

Other Leasing Related Products and Services

$13M1%

NewUnitsMember

$11M1%

Value Added Services

$6M1%

Geographic Segments

UNITED STATES

$371M93%

CANADA

$24M6%

MEXICO

$3M1%