WSCWillScot Holdings Corporation

$4B

Q3 2023 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$605M+4.6% YoY

Gross Profit

$340M56.2% margin

Operating Income

$178M29.4% margin

Net Income

$92M15.1% margin

EPS (Diluted)

$0.46

QoQ Revenue Growth

+3.9%

Cash Flow

Operating Cash Flow

$191M

Free Cash Flow

$122M

Stock-Based Comp.

$9M

Balance Sheet

Total Assets

$6.1B

Total Liabilities

$4.8B

Stockholders' Equity

$1.3B

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$605M	$578M	+4.6%
Gross Profit	$340M	$298M	+14.0%
Operating Income	$178M	$144M	+23.3%
Net Income	$92M	$129M	-28.8%

Revenue Segments

Leasing and Services

$582M35%

Modular Leasing

$467M28%

Modular Space Leasing

$244M15%

Modular Delivery and Installation

$116M7%

Value-Added Product and Services

$100M6%

Portable Storage Leasing

$98M6%

Other Leasing Related Products and Services

$25M1%

Rental Units

$12M1%

New Units

$10M1%

Value Added Services

$6M0%

Geographic Segments

UNITED STATES

$567M94%

CANADA

$31M5%

MEXICO

$7M1%