WSCWillScot Holdings Corporation

$4B

Q1 2024 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$587M+3.8% YoY

Gross Profit

$317M54.0% margin

Operating Income

$130M22.1% margin

Net Income

$56M9.6% margin

EPS (Diluted)

$0.29

QoQ Revenue Growth

-4.1%

Cash Flow

Operating Cash Flow

$209M

Free Cash Flow

$130M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$6.2B

Total Liabilities

$4.9B

Stockholders' Equity

$1.3B

Cash & Equivalents

$13M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$587M	$565M	+3.8%
Gross Profit	$317M	$323M	-1.9%
Operating Income	$130M	$152M	-14.3%
Net Income	$56M	$211M	-73.3%

Revenue Segments

Leasing and Services

$561M35%

Modular Leasing

$461M28%

Modular Space Leasing

$252M16%

Modular Delivery and Installation

$100M6%

Value-Added Product and Services

$96M6%

Portable Storage Leasing

$91M6%

Other Leasing Related Products and Services

$21M1%

New Units

$13M1%

Rental Units

$13M1%

Value Added Services

$8M0%

Geographic Segments

UNITED STATES

$553M94%

CANADA

$27M5%

MEXICO

$7M1%