WSCWillScot Holdings Corporation

$4B

Q4 2020 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$438M+62.0% YoY

Gross Profit

$234M53.5% margin

Operating Income

$91M20.9% margin

Net Income

$46M10.6% margin

EPS (Diluted)

$0.20

QoQ Revenue Growth

+4.9%

Cash Flow

Operating Cash Flow

$130M

Free Cash Flow

$72M

Stock-Based Comp.

$3M

Balance Sheet

Total Assets

$5.6B

Total Liabilities

$3.4B

Stockholders' Equity

$2.1B

Cash & Equivalents

$25M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$438M	$270M	+62.0%
Gross Profit	$234M	$101M	+131.2%
Operating Income	$91M	$39M	+133.3%
Net Income	$46M	$10M	+383.9%

Revenue Segments

Leasing and Services

$410M35%

Modular Leasing

$323M27%

Modular Space Leasing

$169M14%

Modular Delivery and Installation

$87M7%

Value-Added Product and Services

$63M5%

Portable Storage Leasing

$61M5%

Tank and Pump Solutions Segment

$16M1%

New Units

$14M1%

Other Leasing Related Products and Services

$14M1%

Rental Units

$14M1%

Value Added Services

$5M0%

Geographic Segments

UNITED STATES

$386M94%

CANADA

$23M5%

MEXICO

$4M1%