Declared Dividend • May 20
First quarter dividend of US$0.07 announced Shareholders will receive a dividend of US$0.07. Ex-date: 3rd June 2026 Payment date: 17th June 2026 Dividend yield will be 1.3%, which is lower than the industry average of 2.9%. Sustainability & Growth Dividend is being paid despite the company being loss-making over the last 12 months. However, the dividend is well covered by cash flows (11% cash payout ratio). The company is yet to establish a track record of dividend growth or stability as it hasn't paid a regular dividend for at least 2 years. Announcement • May 09
WillScot Holdings Corporation announces Quarterly dividend, payable on June 17, 2026 WillScot Holdings Corporation announced Quarterly dividend of USD 0.0700 per share payable on June 17, 2026, ex-date on June 03, 2026 and record date on June 03, 2026. Announcement • Feb 06
WillScot Holdings Corporation to Report Q4, 2025 Results on Feb 19, 2026 WillScot Holdings Corporation announced that they will report Q4, 2025 results at 4:00 PM, US Eastern Standard Time on Feb 19, 2026 Announcement • Jan 21
WillScot Holdings Corporation Announces Departure of Hezron Lopez as Executive Vice President, Chief Legal & Compliance Officer & ESG, Effective February 6, 2026 WillScot Holdings Corporation and Hezron Lopez, Executive Vice President, Chief Legal & Compliance Officer & ESG, entered into a Separation and Release Agreement. The terms of the Agreement provide that Mr. Lopez's employment with the Company will end on February 6, 2026. Announcement • Dec 11
WillScot Holdings Corporation Appoints Carisa Bianchi as Senior Vice President and Chief Accounting Officer, Effective January 12, 2026 On December 8, 2025, WillScot Holdings Corporation announced that it appointed Carisa Bianchi, age 49, as Senior Vice President, Chief Accounting Officer of the Company, effective January 12, 2026. Ms. Bianchi brings over 25 years of progressive leadership experience in finance and operations, and recently served as Vice President, Global Corporate Controller of Insight Enterprises Inc., from August 2024 through December 2025, and as Vice President, North America Controller from December 2018 through August 2024. Prior to joining Insight Enterprises, she served in various technical accounting and controller roles at Amkor Technology Inc. (NASDAQ: AMKR), one of the world’s largest providers of semiconductor packaging and test services, from January 2011 through November 2018. Before that, Ms. Bianchi was a Director in KPMG’s transaction accounting services practice. Ms. Bianchi is a Certified Public Accountant and holds a Bachelor of Accounting degree from Northern Arizona University. Announcement • Nov 08
WillScot Holdings Corporation Updates Earnings Guidance for the Fourth Quarter and Full Year of 2025 WillScot Holdings Corporation updated earnings guidance for the fourth quarter and full year of 2025. For the quarter, the company expects revenue to be $545 million.
For the full year, the company expects revenue to be $2,260 million. The Company's updated outlook is based on current end market demand expectations for the remainder of 2025, including seasonal retail demand. Announcement • Nov 07
WillScot Holdings Corporation Declares Quarterly Cash Dividend, Payable on December 17, 2025 WillScot Holdings Corporation announced that its Board of Directors has declared a quarterly dividend of $0.07 per common share. The cash dividend will be paid on December 17, 2025, to shareholders of record as of the close of business on December 3, 2025. Announcement • Oct 17
WillScot Holdings Corporation to Report Q3, 2025 Results on Nov 06, 2025 WillScot Holdings Corporation announced that they will report Q3, 2025 results at 4:00 PM, US Eastern Standard Time on Nov 06, 2025 Announcement • Jul 15
WillScot Holdings Corporation to Report Q2, 2025 Results on Jul 31, 2025 WillScot Holdings Corporation announced that they will report Q2, 2025 results After-Market on Jul 31, 2025 Announcement • Jun 04
Willscot Holdings Corporation Introduces Innovative Power Solution WillScot Holdings Corporation announced Solar Power by WillScot, a proprietary power solution that redefines how energy is delivered -- bringing clean, reliable power to virtually any site, and unlocking new possibilities for how and where people work. Solar Power by WillScot was designed to provide immediate energy production and battery storage wherever WillScot's temporary space solutions are deployed. Solar Power by WillScot is the first solar energy solution purpose-built for and fully integrated with WillScot's modular space and storage solutions -- delivering clean, quiet, and scalable power wherever it is needed. Whether used as a standalone energy source or in combination with generators or the grid, this innovative power and battery solution gives people the flexibility to power their space or storage solutions sustainably, while reducing costs relative to comparable power generation and storage alternatives, and without compromising efficiency or comfort. Solar Power by Will Scot is available now in select WillScot branch locations in the U.S. with plans for expansion to additional markets. Announcement • May 02
WillScot Holdings Corporation Reaffirms Earnings Guidance for the Year 2025 WillScot Holdings Corporation reaffirmed earnings guidance for the year 2025. For the year, the company expects Revenue of $2,275 million - $2,475 million. Announcement • May 01
Willscot Declares Quarterly Cash Dividend, Payable on June 18, 2025 WillScot Holdings Corporation declared a quarterly dividend of $0.07 per common share. The cash dividend will be paid on June 18, 2025, to shareholders of record as of the close of business on June 4, 2025. Announcement • Apr 22
WillScot Holdings Corporation, Annual General Meeting, Jun 06, 2025 WillScot Holdings Corporation, Annual General Meeting, Jun 06, 2025. Announcement • Apr 17
WillScot Holdings Corporation to Report Q1, 2025 Results on May 01, 2025 WillScot Holdings Corporation announced that they will report Q1, 2025 results After-Market on May 01, 2025 Announcement • Feb 22
WillScot Holdings Corporation Provides Earnings Guidance for the Year 2025 WillScot Holdings Corporation provides earnings guidance for the year 2025. For the year, the company expects revenue of $2,275 million to $2,475 million. Announcement • Feb 19
WillScot Holdings Corporation Announces Initiation of Quarterly Cash Dividend, Payable on March 19, 2025 WillScot Holdings Corporation announced that its Board of Directors has declared the initiation of a quarterly cash dividend program consistent with the Company’s commitment to returning capital to shareholders, while continuing to invest in growth. The first dividend of $0.07 per share will be payable on March 19, 2025, to shareholders of record as of the close of business on March 5, 2025. The Board will regularly assess the cash dividend program with a long-term focus on increasing the dividend payment over time. Under the program, dividends will be payable on the third Wednesday of the third month of each calendar quarter to stockholders of record as of the first Wednesday of that same month, subject to quarterly approval and declaration by the Board. Announcement • Feb 05
WillScot Holdings Corporation to Report Q4, 2024 Results on Feb 20, 2025 WillScot Holdings Corporation announced that they will report Q4, 2024 results After-Market on Feb 20, 2025 Announcement • Jan 22
WillScot Holdings Reportedly Fielding Takeover Interest from Private Equity Firms WillScot Holdings Corporation (NasdaqCM:WSC), a $7 billion maker of mobile offices, has fielded takeover interest from several private-equity firms, according to people familiar with the matter. The company, which makes container box-sized portable buildings that dot construction sites, industrial facilities and many American schoolyards, throws off a fair bit of cash — $143 million last quarter — even in a weaker market. That makes it an attractive target, with at least one of the buyout shops engaging bankers to help it with a potential bid, said one of the people. Willscot is not yet running a formal sales process, the people said, although it already has bankers helping it grapple with an activist investor. Shares are down 16% over the last year, lagging the broader markets. That shareholder, Ben Pass’ TOMS Capital, is not a conventional activist investor, but it has mounted successful pushes at other companies including Kellanova, formerly known as Kellogg Company. TOMS’ exact plans for Willscot could not be learned. Representatives for Willscot and TOMS declined to comment. Announcement • Jan 03
Willscot Holdings Corporation Announces Resignation of Executive Vice President – Chief Information Officer On January 3, 2025, WillScot Holdings Corporation disclosed that Graeme Parkes, the Company’s Executive Vice President – Chief Information Officer, departed from the Company effective December 31, 2024. In connection with his departure, Mr. Parkes will be entitled to receive certain benefits consistent with his Amended and Restated Employment Agreement with the Company, which the Company has filed with the U. S. Securities and Exchange Commission as an exhibit to the Company’s 2023 Annual Report on Form 10-K, subject to his execution of a release of claims in substantially the form included in that agreement. New Risk • Nov 14
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €734k This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.5x net interest cover). Minor Risks Share price has been volatile over the past 3 months (7.1% average weekly change). Large one-off items impacting financial results. Profit margins are more than 30% lower than last year (1.0% net profit margin). Significant insider selling over the past 3 months (€734k sold). Recent Insider Transactions • Nov 14
Executive VP recently sold €734k worth of stock On the 8th of November, Hezron Lopez sold around 20k shares on-market at roughly €36.71 per share. This transaction amounted to 26% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.2m more than they bought in the last 12 months. Announcement • Nov 07
TOMS Capital Investment Pushes for Strategic Review at WillScot Holdings On November 6, 2024, TOMS Capital Investment Management announced that it has built a stake in WillScot Holdings Corporation and is pushing the Company to consider launching a strategic review. Announcement • Nov 02
Willscot Mobile Mini Holdings Corp. Provides Earnings Guidance for the Full Year 2024 WillScot Mobile Mini Holdings Corp. provided earnings guidance for the full year 2024. For the year, the company expects revenue to be between $2,380 million to $2,420 million. Reported Earnings • Nov 01
Third quarter 2024 earnings released: US$0.37 loss per share (vs US$0.47 profit in 3Q 2023) Third quarter 2024 results: US$0.37 loss per share (down from US$0.47 profit in 3Q 2023). Revenue: US$601.4m (flat on 3Q 2023). Net loss: US$70.5m (down 177% from profit in 3Q 2023). Revenue is forecast to grow 3.4% p.a. on average during the next 3 years, compared to a 4.7% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has only increased by 1% per year, which means it is significantly lagging earnings growth. Announcement • Oct 24
Willscot Holdings Corporation Announces Appointment of Worthing Jackman to Board of Directors WillScot Holdings Corporation announced the appointment of Worthing Jackman to the WillScot Board of Directors, effective October 22, 2024. Mr. Jackman's appointment demonstrates the company's commitment to enhancing and diversifying skills, expertise, and knowledge as WillScot continues to execute its growth strategy and enhance its financial and operational performance. He is a seasoned leader with a proven track record of long-term growth, execution and shareholder value creation, bringing extensive operational expertise and capital markets leadership. Mr. Jackman will serve as a member of the Audit Committee. About Worthing Jackman Mr. Jackman, age 60, served as CEO and a Director of Waste Connections, one of the largest integrated solid waste services companies in the United States and Canada, from July 2019 until April 2023, and as President from July 2018 to April 2023. He previously served as its CFO from September 2004 until July 2018 and as VP - Finance and Investor Relations from April 2003 until August 2004. From 1991 until April 2003, Mr. Jackman held various investment banking positions with Alex. Brown &Sons, now Deutsche Bank Securities Inc., including most recently as a Managing Director within the Global Industrial and Environmental Services Group. Mr. Jackman has served as a Director of Quanta Services, since May 2005. Mr. Jackman has diversified leadership experience in businesses that share important characteristics with WillScot, and his appointment adds another Qualified Financial Expert to our Audit Committee. He holds a B.S. degree in Finance from Syracuse University and an M.B.A. from the Harvard Business School. Announcement • Oct 18
WillScot Holdings Corporation to Report Q3, 2024 Results on Oct 30, 2024 WillScot Holdings Corporation announced that they will report Q3, 2024 results After-Market on Oct 30, 2024 Announcement • Aug 03
Willscot Mobile Mini Holdings Corp. Provides Earnings Guidance for the Full Year 2024 WillScot Mobile Mini Holdings Corp. provided earnings guidance for the full year 2024. For the year, the company expects revenue to be between $2,400 million to $2,500 million. Reported Earnings • Aug 02
Second quarter 2024 earnings released: US$0.25 loss per share (vs US$0.44 profit in 2Q 2023) Second quarter 2024 results: US$0.25 loss per share (down from US$0.44 profit in 2Q 2023). Revenue: US$604.6m (up 3.9% from 2Q 2023). Net loss: US$46.9m (down 153% from profit in 2Q 2023). Revenue is forecast to grow 5.9% p.a. on average during the next 3 years, compared to a 4.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 45% per year but the company’s share price has only increased by 17% per year, which means it is significantly lagging earnings growth. Announcement • Jul 19
WillScot Mobile Mini Holdings Corp. to Report Q2, 2024 Results on Aug 01, 2024 WillScot Mobile Mini Holdings Corp. announced that they will report Q2, 2024 results After-Market on Aug 01, 2024 New Risk • May 16
New major risk - Financial position The company's interest payments are not well covered by earnings. Net interest cover: 2.9x This is considered a major risk. If the company is unable to fund interest repayments on its debt through profits, it may be forced into reducing its debt burden through selling assets, undertaking a potentially costly capital raising or even into bankruptcy in the worst case scenario. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.9x net interest cover). Minor Risk Significant insider selling over the past 3 months (€3.3m sold). Reported Earnings • May 03
First quarter 2024 earnings released: EPS: US$0.30 (vs US$0.37 in 1Q 2023) First quarter 2024 results: EPS: US$0.30 (down from US$0.37 in 1Q 2023). Revenue: US$587.2m (up 3.8% from 1Q 2023). Net income: US$56.2m (down 26% from 1Q 2023). Profit margin: 9.6% (down from 14% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 4.1% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 65% per year but the company’s share price has only increased by 12% per year, which means it is significantly lagging earnings growth. Announcement • May 03
Willscot Mobile Mini Holdings Corp. Reaffirms Earnings Guidance for the Full Year 2024 WillScot Mobile Mini Holdings Corp. reaffirmed earnings guidance for the full year 2024. For the year, the company expects revenue to be between $2,485 million -$2,635 million. Announcement • Apr 20
WillScot Mobile Mini Holdings Corp. to Report Q1, 2024 Results on May 02, 2024 WillScot Mobile Mini Holdings Corp. announced that they will report Q1, 2024 results After-Market on May 02, 2024 Recent Insider Transactions • Mar 13
Independent Director recently sold €3.3m worth of stock On the 8th of March, Jeffrey Sagansky sold around 75k shares on-market at roughly €43.40 per share. This transaction amounted to 3.0% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €7.3m more than they bought in the last 12 months. Reported Earnings • Feb 21
Full year 2023 earnings released: EPS: US$1.72 (vs US$1.28 in FY 2022) Full year 2023 results: EPS: US$1.72 (up from US$1.28 in FY 2022). Revenue: US$2.36b (up 10% from FY 2022). Net income: US$341.8m (up 24% from FY 2022). Profit margin: 14% (up from 13% in FY 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 4.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 70% per year but the company’s share price has only increased by 27% per year, which means it is significantly lagging earnings growth. Announcement • Feb 06
WillScot Mobile Mini Holdings Corp. to Report Q4, 2023 Results on Feb 20, 2024 WillScot Mobile Mini Holdings Corp. announced that they will report Q4, 2023 results After-Market on Feb 20, 2024 Announcement • Jan 30
WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) entered into an agreement to acquire McGrath RentCorp (NasdaqGS:MGRC) for $3.1 billion. WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) entered into an agreement to acquire McGrath RentCorp (NasdaqGS:MGRC) for $3.1 billion on January 28, 2024. McGrath shareholders will receive for each of their shares either $123 in cash or 2.8211 shares of WillScot Mobile Mini common stock, as determined pursuant to the election and allocation procedures in the merger agreement under which 60% of McGrath’s outstanding shares will be converted into the cash consideration and 40% of McGrath’s outstanding shares will be converted into the stock consideration. The transaction values McGrath at an enterprise value of $3.8 billion, including approximately $800 million of net debt. WillScot Mobile Mini has secured committed financing for the transaction by way of a $1.8 billion senior secured bridge credit facility, which along with borrowings under WillScot Mobile Mini’s ABL revolving credit facility will fund the cash portion of the purchase price and the repayment of McGrath’s outstanding debt. JPMorgan Chase Bank, N.A., Wells Fargo Bank, N.A., MUFG Bank, Ltd., Deutsche Bank AG, acting through its branches, Bank of America, N.A., and Bank of Montreal provided financing commitments for the upsize to the ABL Facility and/or the Bridge Facility in connection with the transaction. In case of termination of the transaction under certain circumstances, McGrath would be required to pay a termination fee of $120 million. WillScot Mobile would be required to pay a termination fee of $180 million in case of termination of the transaction under certain circumstances.
The transaction is subject to customary conditions including: approval by McGrath shareholders; regulatory approvals; any applicable waiting period or periods applicable to the Transactions contemplated hereby under the HSR Act shall have expired or been terminated; the Registration Statement shall have been declared effective; and other customary closing conditions. All directors for the respective Boards of WillScot Mobile Mini and McGrath adopted and unanimously approved the transaction. The transaction is expected to close in the second quarter of 2024. BofA Securities acted as financial advisor, Rothschild & Co acted as financing advisor and Beth Troy and David Ingles of Allen & Overy LLP acted as legal counsel to WillScot Mobile Mini. Paul, Weiss, Rifkind, Wharton & Garrison LLP advised Goldman Sachs & Co. LLC in its role as financial advisor and fairness opinion provider and Jackie Liu of Morrison & Foerster LLP acted as legal counsel to McGrath. The Company expects that the combination will be accretive to earnings per share within twelve months post-closing, based on the Company’s successful track record of integrating acquisitions. Buying Opportunity • Dec 27
Now 21% undervalued Over the last 90 days, the stock is up 2.0%. The fair value is estimated to be €50.49, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 20% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 16% in 2 years. Earnings is forecast to grow by 38% in the next 2 years. Announcement • Dec 05
Willscot Mobile Mini Holdings Corp. Appoints Natalia Johnson to the Audit Committee and the Compensation Committee of the Board, Effective as of Each Committee Meeting in February 2024 On August 8, 2023, the Board of Directors of WillScot Mobile Mini Holdings Corp. acted to increase the size of the Board from 8 to 9 members and appointed Natalia Johnson to serve as a member of the Board to fill the vacancy created by that increase. Ms. Johnson currently serves as Chief Administrative Officer of Public Storage. At the time of her appointment, the Board did not appoint Ms. Johnson to serve on any of its committees. Subsequently, the Board determined to appoint Ms. Johnson to the Audit Committee and the Compensation Committee of the Board, effective as of each committee’s meeting in February 2024. Announcement • Nov 03
WillScot Mobile Mini Holdings Corp. Revises Revenue Guidance for the Year 2023 WillScot Mobile Mini Holdings Corp. revised revenue guidance for the year 2023. For the year, the company expects revenue of $2,360 million - $2,390 million against previous guidance of $2,350 million - $2,450 million. Reported Earnings • Nov 02
Third quarter 2023 earnings released: EPS: US$0.47 (vs US$0.40 in 3Q 2022) Third quarter 2023 results: EPS: US$0.47 (up from US$0.40 in 3Q 2022). Revenue: US$604.8m (flat on 3Q 2022). Net income: US$91.5m (up 6.8% from 3Q 2022). Profit margin: 15% (in line with 3Q 2022). Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 6.6% growth forecast for the Construction industry in Germany. Over the last 3 years on average, earnings per share has increased by 83% per year but the company’s share price has only increased by 33% per year, which means it is significantly lagging earnings growth. Announcement • Oct 25
WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired 616GC, LLC. WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired 616GC, LLC on October 24, 2023. WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) completed the acquisition of 616GC, LLC on October 24, 2023. Announcement • Oct 19
WillScot Mobile Mini Holdings Corp. to Report Q3, 2023 Results on Nov 01, 2023 WillScot Mobile Mini Holdings Corp. announced that they will report Q3, 2023 results After-Market on Nov 01, 2023 Announcement • Aug 10
WillScot Mobile Mini Holdings Corp. Announces the Appointment of Natalia Johnson to the Board of Directors WillScot Mobile Mini Holdings Corp. announced the appointment of Natalia Johnson to the WillScot Mobile Mini Board of Directors, effective 8, 2023. Brad Soultz, Chief Executive Officer of WillScot Mobile Mini, commented, "Natalia brings a seasoned perspective, with deep knowledge in driving B2B and B2C digital and operating model transformations. She has a unique blend of leadership experience in strategy, human capital, and digital and technological transformation that will further support WillScot Mobile Mini as continue growth to drive further value for stakeholders. Buying Opportunity • Aug 04
Now 23% undervalued Over the last 90 days, the stock is up 1.5%. The fair value is estimated to be €51.74, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 24% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 14% in 2 years. Earnings is forecast to grow by 42% in the next 2 years. Announcement • Aug 04
WillScot Mobile Mini Holdings Corp. Provides Earnings Guidance for the Year 2023 WillScot Mobile Mini Holdings Corp. provided earnings guidance for the year 2023. For the year, the company expected revenue of $2,350 million - $2,450 million. Announcement • Jun 28
Willscot Mobile Mini Holdings Corp. Unveils Innovation in Space Management - Prorack WillScot Mobile Mini Holdings Corp. announced PRORACK, a proprietary space management solution aimed at delivering unparalleled organization, productivity, and efficiency in storage containers used on job sites and projects across a variety of industries. PRORACK is a new solution of adjustable surfaces that can be configured as a workstation, pipe rack, tool organization, or general material storage - or a combination of these formations, all at once. Each storage shelf of the three-tiered unit is fully collapsible and can accommodate up to 300 lbs. of working load capacity per shelf. PRORACK can be scaled with additional racks and adjusted quickly and easily to accommodate evolving space needs throughout the life of a project. PRORACK is the latest addition to the carefully curated offering of WillScot Mobile Mini turnkey Value-Added Products and Services - or Essentials - that includes furnishings and fixtures, security, insurance, and more. Essentials make temporary spaces functional immediately upon delivery. PRORACK was designed after significant research and development, taking into account the experiences of customers who use temporary storage units. The patent pending PRORACK also meets the highest standards of the Business & Institutional Furniture Manufacturers Association (BIFMA) and the American National Standards Institute (ANSI). PRORACK is available now in select WillScot Mobile Mini branches in the U.S. and Canada, with plans for expansion in additional markets. New Risk • Jun 14
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €4.4m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. Currently, the following risks have been identified for the company: Minor Risks High level of debt (179% net debt to equity). Significant insider selling over the past 3 months (€4.4m sold). Recent Insider Transactions • Jun 13
Independent Director recently sold €4.4m worth of stock On the 8th of June, Jeffrey Sagansky sold around 100k shares on-market at roughly €43.79 per share. This transaction amounted to 3.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €10m more than they bought in the last 12 months. Announcement • May 31
WillScot Mobile Mini Holdings Corp., Annual General Meeting, Jun 02, 2023 WillScot Mobile Mini Holdings Corp., Annual General Meeting, Jun 02, 2023, at 09:00 Pacific Daylight. Buying Opportunity • May 22
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 14%. The fair value is estimated to be €51.61, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 26% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 19% in 2 years. Earnings is forecast to grow by 56% in the next 2 years. Announcement • May 10
WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired BRT Structures Ltd. WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired BRT Structures Ltd. on May 9, 2023. BRT's team will be joining WillScot.
WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) completed the acquisition of BRT Structures Ltd. on May 9, 2023. Recent Insider Transactions • May 07
CEO & Director recently bought €203k worth of stock On the 2nd of May, Bradley Soultz bought around 5k shares on-market at roughly €40.62 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €238k. Bradley has been a buyer over the last 12 months, purchasing a net total of €1.1m worth in shares. Reported Earnings • Apr 28
First quarter 2023 earnings released: EPS: US$0.37 (vs US$0.23 in 1Q 2022) First quarter 2023 results: EPS: US$0.37 (up from US$0.23 in 1Q 2022). Revenue: US$565.5m (up 11% from 1Q 2022). Net income: US$76.3m (up 49% from 1Q 2022). Profit margin: 14% (up from 10% in 1Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 8.1% p.a. on average during the next 3 years, compared to a 2.4% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 100% per year but the company’s share price has only increased by 53% per year, which means it is significantly lagging earnings growth. Recent Insider Transactions • Mar 01
CEO & Director recently bought €238k worth of stock On the 27th of February, Bradley Soultz bought around 5k shares on-market at roughly €47.63 per share. This transaction increased Bradley's direct individual holding by 1x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Bradley has been a buyer over the last 12 months, purchasing a net total of €870k worth in shares. Reported Earnings • Feb 22
Full year 2022 earnings released: EPS: US$1.28 (vs US$0.71 in FY 2021) Full year 2022 results: EPS: US$1.28 (up from US$0.71 in FY 2021). Revenue: US$2.14b (up 13% from FY 2021). Net income: US$276.3m (up 73% from FY 2021). Profit margin: 13% (up from 8.5% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 2.9% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 113% per year but the company’s share price has only increased by 41% per year, which means it is significantly lagging earnings growth. Announcement • Feb 02
Algeco UK Holdings Limited completed the acquisition of Storage segment in UK from WillScot Mobile Mini Holdings Corp. for approximately $410 million. Algeco UK Holdings Limited entered into a definitive agreement to acquire Storage segment in UK from WillScot Mobile Mini Holdings Corp. for an enterprise value of approximately £340 million on December 13, 2022. Completion of the transaction is subject to regulatory approval in the United Kingdom and is expected to close in the first quarter of 2023. Cleary Gottlieb Steen & Hamilton LLP acted as legal adviser to WillScot Mobile Mini Holdings. Neil Sinha and Adam Zecharia, Catherine Lang-Anderson ,Niamh Dennehy-Maher,Sherry Khalili and Tristan Jambu-Merlin, Jocelyn Ho, Alex George, Nahima Parvin, Quitterie d'Andoque and See Hyun Park and Alexander Brown from Allen & Overy LLP acted as advisors to Elliott Group Ltd in the transaction.
Algeco UK Holdings Limited completed the acquisition of Storage segment in UK from WillScot Mobile Mini Holdings Corp. for approximately $410 million on January 31, 2023. Announcement • Feb 01
WillScot Mobile Mini Holdings Corp. to Report Q4, 2022 Results on Feb 21, 2023 WillScot Mobile Mini Holdings Corp. announced that they will report Q4, 2022 results at 4:00 PM, US Eastern Standard Time on Feb 21, 2023 Announcement • Jan 11
Sara R. Dial Not Stand for Re-Election as Director of Willscot Mobile Mini Holdings Corp On January 5, 2023, Sara R. Dial, a member of the Board of Directors of WillScot Mobile Mini Holdings Corp., informed the Company that she will not stand for re-election as a director at the Company’s 2023 annual meeting of stockholders due to other commitments and not as a result of any disagreement with the Company relating to its operations, policies or practices. Ms. Dial will serve the remainder of her current term, which will end at the 2023 annual meeting of stockholders. Announcement • Dec 15
Algeco UK Holdings Limited entered into a definitive agreement to acquire Storage segment in UK from WillScot Mobile Mini Holdings Corp. for an enterprise value of approximately £340 million. Algeco UK Holdings Limited entered into a definitive agreement to acquire Storage segment in UK from WillScot Mobile Mini Holdings Corp. for an enterprise value of approximately £340 million on December 10, 2022. Completion of the transaction is subject to regulatory approval in the United Kingdom and is expected to close in the first quarter of 2023. Cleary Gottlieb Steen & Hamilton LLP acted as legal adviser to WillScot Mobile Mini Holdings. Recent Insider Transactions • Nov 16
Independent Director recently sold €2.3m worth of stock On the 7th of November, Jeffrey Sagansky sold around 50k shares on-market at roughly €46.14 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.4m more than they bought in the last 12 months. Board Change • Nov 16
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Erika Davis was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Nov 09
Independent Director recently sold €2.3m worth of stock On the 7th of November, Jeffrey Sagansky sold around 50k shares on-market at roughly €46.14 per share. This transaction amounted to 1.9% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €5.4m more than they bought in the last 12 months. Reported Earnings • Nov 04
Third quarter 2022 earnings released: EPS: US$0.40 (vs US$0.27 in 3Q 2021) Third quarter 2022 results: EPS: US$0.40 (up from US$0.27 in 3Q 2021). Revenue: US$604.2m (up 23% from 3Q 2021). Net income: US$85.7m (up 40% from 3Q 2021). Profit margin: 14% (up from 13% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.6% p.a. on average during the next 3 years, compared to a 3.2% growth forecast for the Construction industry in Europe. Over the last 3 years on average, earnings per share has increased by 116% per year but the company’s share price has only increased by 44% per year, which means it is significantly lagging earnings growth. Announcement • Nov 03
WillScot Mobile Mini Holdings Corp. Revises Earnings Guidance for the Year 2022 WillScot Mobile Mini Holdings Corp. revised earnings guidance for the year 2022. Given performance year to date and excluding results from the divested Tank and Pump segment, the company are raising their full year guidance for their continuing operations to $2.22 billion to $2.27 billion of revenue and $910 million to $930 million of Adjusted EBITDA. Announcement • Oct 21
WillScot Mobile Mini Holdings Corp. to Report Q3, 2022 Results on Nov 02, 2022 WillScot Mobile Mini Holdings Corp. announced that they will report Q3, 2022 results at 4:00 PM, US Eastern Standard Time on Nov 02, 2022 Recent Insider Transactions • Aug 11
Independent Director recently sold €4.0m worth of stock On the 9th of August, Jeffrey Sagansky sold around 100k shares on-market at roughly €40.44 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €3.4m more than they bought in the last 12 months. Reported Earnings • Aug 04
Second quarter 2022 earnings released: EPS: US$0.33 (vs US$0.089 in 2Q 2021) Second quarter 2022 results: EPS: US$0.33 (up from US$0.089 in 2Q 2021). Revenue: US$581.6m (up 26% from 2Q 2021). Net income: US$73.4m (up 260% from 2Q 2021). Profit margin: 13% (up from 4.4% in 2Q 2021). The increase in margin was driven by higher revenue. Over the next year, revenue is forecast to grow 6.6%, compared to a 5.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 118% per year but the company’s share price has only increased by 45% per year, which means it is significantly lagging earnings growth. Announcement • Aug 04
WillScot Mobile Mini Holdings Corp. Revises Earnings Guidance for the Year 2022 WillScot Mobile Mini Holdings Corp. revised earnings guidance for the year 2022. The company expected revenue of $2,200 million - $2,300 million compared to previous guidance of $2,100 million - $2,200 million. Announcement • Jul 19
WillScot Mobile Mini Holdings Corp. to Report Q2, 2022 Results on Aug 03, 2022 WillScot Mobile Mini Holdings Corp. announced that they will report Q2, 2022 results at 4:00 PM, US Eastern Standard Time on Aug 03, 2022 Announcement • Jul 14
WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired Rental Fleet and Related Assets of Modulease Corporation. WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired Rental Fleet and Related Assets of Modulease Corporation on July 13, 2022. The transaction was funded with cash on hand and borrowings under the company’s revolving credit agreement.
WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) completed the acquisition of Rental Fleet and Related Assets of Modulease Corporation on July 13, 2022. Announcement • Jun 26
WillScot Mobile Mini Holdings Corp.(NasdaqCM:WSC) dropped from Russell 2000 Growth Index WillScot Mobile Mini Holdings Corp.(NasdaqCM:WSC) dropped from Russell 2000 Growth Index Announcement • May 17
WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired Elite Modular Leasing And Sales Inc. WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired Elite Modular Leasing And Sales Inc. on May 16, 2022.
WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) completed the acquisition of Elite Modular Leasing And Sales Inc. on May 16, 2022. Recent Insider Transactions • May 11
CEO & Director recently bought €316k worth of stock On the 9th of May, Bradley Soultz bought around 10k shares on-market at roughly €31.64 per share. This was the largest purchase by an insider in the last 3 months. This was Bradley's only on-market trade for the last 12 months. Announcement • May 10
WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired Rental Fleet and Related Assets of Georgia Storage Containers, Inc. WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired Rental Fleet and Related Assets of Georgia Storage Containers, Inc. on May 9, 2022. The transaction was funded with cash on hand and borrowings under the Company’s revolving credit agreement.
WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) completed the acquisition of Rental Fleet and Related Assets of Georgia Storage Containers, Inc. on May 9, 2022. Board Change • Apr 28
High number of new directors There are 6 new directors who have joined the board in the last 3 years. Independent Director Erika Davis was the last director to join the board, commencing their role in 2022. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 27
WillScot Mobile Mini Holdings Corp. Announces Resignation of Christopher J. Miner as Executive Vice President and Chief Legal Officer, Effective July 29, 2022 WillScot Mobile Mini Holdings Corp. announced that Christopher J. Miner, its Executive Vice President and Chief Legal Officer, will depart the Company effective July 29, 2022. Mr. Miner will support the Company in all matters relating to the orderly transition of his duties and responsibilities and will be available to consult with the Company after his departure. Hezron Lopez, currently Executive Vice President, Chief Human Resources Officer & ESG of the Company, will assume the responsibilities of general counsel prior to Mr. Miner's departure. Announcement • Apr 19
WillScot Mobile Mini Holdings Corp. to Report Q1, 2022 Results on Apr 27, 2022 WillScot Mobile Mini Holdings Corp. announced that they will report Q1, 2022 results After-Market on Apr 27, 2022 Announcement • Apr 12
WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired Storstac Inc. WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) acquired Storstac Inc. on April 11, 2022. The transaction was funded with cash on hand and borrowings under the Company’s revolving credit agreement. Employees of Storstac Inc. will join the team at WillScot Mobile Mini. Storstac’s rental operations.
WillScot Mobile Mini Holdings Corp. (NasdaqCM:WSC) completed the acquisition of Storstac Inc. on April 11, 2022. Announcement • Apr 09
WillScot Mobile Mini Holdings Corp., Annual General Meeting, Jun 03, 2022 WillScot Mobile Mini Holdings Corp., Annual General Meeting, Jun 03, 2022, at 09:00 Pacific Daylight. Announcement • Mar 31
WillScot Mobile Mini Holdings Appoints Erika Davis to Board of Directors, Effective April 1, 2022 WillScot Mobile Mini Holdings Corp. announced the appointment of Erika Davis to the WillScot Mobile Mini Board of Directors, effective April 1, 2022. Ms. Davis will serve as a member of the Compensation Committee. Reported Earnings • Feb 26
Full year 2021 earnings: EPS in line with analyst expectations despite revenue beat Full year 2021 results: EPS: US$0.71 (up from US$0.44 in FY 2020). Revenue: US$1.89b (up 39% from FY 2020). Net income: US$160.1m (up 116% from FY 2020). Profit margin: 8.5% (up from 5.4% in FY 2020). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Over the next year, revenue is forecast to grow 6.4%, compared to a 11% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 95% per year but the company’s share price has only increased by 54% per year, which means it is significantly lagging earnings growth. Announcement • Feb 25
WillScot Mobile Mini Holdings Corp. Provides Earnings Guidance for the Year 2022 WillScot Mobile Mini Holdings Corp. provided earnings guidance for the year 2022. For the period, Company expects Revenue of $1,925 million to $2,025 million. 
