WSCWillScot Holdings Corporation

$4B

Q4 2023 Earnings

Industrials Rental & Leasing Services

Income Statement

Revenue

$612M+20.0% YoY

Gross Profit

$343M56.0% margin

Operating Income

$177M28.9% margin

Net Income

$86M14.1% margin

EPS (Diluted)

$0.44

QoQ Revenue Growth

+1.2%

Cash Flow

Operating Cash Flow

$219M

Free Cash Flow

$153M

Stock-Based Comp.

$8M

Balance Sheet

Total Assets

$6.1B

Total Liabilities

$4.9B

Stockholders' Equity

$1.3B

Cash & Equivalents

$11M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$612M	$510M	+20.0%
Gross Profit	$343M	$277M	+23.9%
Operating Income	$177M	$142M	+24.9%
Net Income	$86M	$86M	-0.1%

Revenue Segments

Leasing and Services

$1.7B35%

Modular Leasing

$1.4B29%

Modular Space Leasing

$710M15%

Modular Delivery and Installation

$322M7%

Portable Storage Leasing

$299M6%

Value-Added Product and Services

$292M6%

Other Leasing Related Products and Services

$67M1%

New Units

$18M0%

Value Added Services

$18M0%

Rental Units

$14M0%

Geographic Segments

UNITED STATES

$574M94%

CANADA

$31M5%

MEXICO

$7M1%