WSCWillScot Holdings Corporation

$4B

Q4 2021 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$518M+18.3% YoY

Gross Profit

$278M53.8% margin

Operating Income

$117M22.7% margin

Net Income

$74M14.3% margin

EPS (Diluted)

$0.32

QoQ Revenue Growth

+12.3%

Cash Flow

Operating Cash Flow

$148M

Free Cash Flow

$38M

Stock-Based Comp.

$5M

Balance Sheet

Total Assets

$5.8B

Total Liabilities

$3.8B

Stockholders' Equity

$2.0B

Cash & Equivalents

$6M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$518M	$438M	+18.3%
Gross Profit	$278M	$234M	+18.9%
Operating Income	$117M	$91M	+28.7%
Net Income	$74M	$46M	+59.7%

Revenue Segments

Leasing and Services

$490M35%

Modular Leasing

$390M28%

Modular Space Leasing

$196M14%

Modular Delivery and Installation

$100M7%

Portable Storage Leasing

$80M6%

Value-Added Product and Services

$78M6%

Tank and Pump Solutions Segment

$19M1%

Other Leasing Related Products and Services

$16M1%

New Units

$15M1%

Rental Units

$13M1%

Value Added Services

$7M1%

Geographic Segments

UNITED STATES

$455M93%

CANADA

$31M6%

MEXICO

$4M1%