Quarterly ResultMay 7, 2026, 04:24 PM
WillScot Exceeds Q1 Revenue $549M, Raises 2026 Outlook to $2.25B Revenue
AI Summary
WillScot Holdings Corp announced strong first quarter 2026 results, exceeding its revenue and Adjusted EBITDA outlook. The company reported Q1 revenue of $549 million and Adjusted EBITDA of $211 million. Driven by continued improving commercial demand, particularly from larger project opportunities, WillScot raised its full-year 2026 outlook for revenue to $2.250 billion, Adjusted EBITDA to $915 million, and Net CAPEX to $325 million. The company also paid down $76 million in debt and returned $20 million to shareholders.
Key Highlights
- Q1 2026 revenue reached $549 million, exceeding outlook.
- Q1 2026 Adjusted EBITDA was $211 million, also surpassing outlook.
- Raised 2026 full-year revenue outlook to $2.250 billion.
- Raised 2026 full-year Adjusted EBITDA outlook to $915 million.
- Increased 2026 Net CAPEX outlook to $325 million to support demand.
- Paid down $76 million of outstanding debt in Q1 2026.
- Returned $20 million to shareholders through dividends and share repurchases.
- Leasing and services revenue increased year-over-year to $525 million.