WSCWillScot Holdings Corporation

$4B

Q1 2022 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$451M+6.1% YoY

Gross Profit

$234M51.9% margin

Operating Income

$82M18.1% margin

Net Income

$51M11.3% margin

EPS (Diluted)

$0.22

QoQ Revenue Growth

-12.9%

Cash Flow

Operating Cash Flow

$146M

Free Cash Flow

$40M

Stock-Based Comp.

$6M

Balance Sheet

Total Assets

$5.9B

Total Liabilities

$3.9B

Stockholders' Equity

$2.0B

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$451M	$425M	+6.1%
Gross Profit	$234M	$213M	+9.7%
Operating Income	$82M	$75M	+8.5%
Net Income	$51M	$4M	+1050.7%

Revenue Segments

Leasing and Services

$494M35%

Modular Leasing

$393M28%

Modular Space Leasing

$199M14%

Modular Delivery and Installation

$100M7%

Value-Added Product and Services

$81M6%

Portable Storage Leasing

$78M6%

Tank and Pump Solutions Segment

$19M1%

Other Leasing Related Products and Services

$16M1%

Rental Units

$9M1%

Value Added Services

$8M1%

New Units

$7M0%

Geographic Segments

UNITED STATES

$452M94%

CANADA

$25M5%

MEXICO

$4M1%