WSCWillScot Holdings Corporation

$4B

Q4 2022 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$510M-1.5% YoY

Gross Profit

$277M54.3% margin

Operating Income

$142M27.8% margin

Net Income

$86M16.9% margin

EPS (Diluted)

$0.40

QoQ Revenue Growth

-11.7%

Cash Flow

Operating Cash Flow

$200M

Free Cash Flow

$104M

Stock-Based Comp.

$7M

Balance Sheet

Total Assets

$5.8B

Total Liabilities

$4.3B

Stockholders' Equity

$1.6B

Cash & Equivalents

$7M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$510M	$518M	-1.5%
Gross Profit	$277M	$278M	-0.6%
Operating Income	$142M	$117M	+20.8%
Net Income	$86M	$74M	+16.4%

Revenue Segments

Leasing and Services

$484M35%

Modular Leasing

$395M28%

Modular Space Leasing

$203M15%

Portable Storage Leasing

$91M7%

Modular Delivery and Installation

$88M6%

Value-Added Product and Services

$82M6%

Other Leasing Related Products and Services

$20M1%

New Units

$14M1%

Rental Units

$13M1%

Value Added Services

$2M0%

Geographic Segments

UNITED STATES

$553M94%

CANADA

$33M6%

MEXICO

$5M1%