Quarterly ResultMay 7, 2026, 05:08 PM
WillScot Q1 Revenue $548.6M, Net Income $28.1M; Restructuring Costs Up
AI Summary
WillScot Holdings Corp reported Q1 2026 total revenues of $548.6 million, a 1.95% decrease from $559.6 million in Q1 2025. Net income fell 34.68% to $28.1 million, resulting in basic earnings per share of $0.16, down from $0.23 year-over-year. The company incurred $11.3 million in restructuring costs related to its Network Optimization Plan, a significant increase from $0.4 million in the prior year, as it continues to execute the initiative to reduce real estate costs and dispose of rental fleet units. The company also declared a quarterly dividend of $0.07 per share.
Key Highlights
- Total revenues decreased 1.95% to $548.6 million in Q1 2026 from $559.6 million in Q1 2025.
- Net income declined 34.68% to $28.1 million in Q1 2026 from $43.1 million in Q1 2025.
- Basic EPS was $0.16 in Q1 2026, down from $0.23 in Q1 2025.
- Restructuring costs surged to $11.3 million in Q1 2026 from $0.4 million in Q1 2025.
- Disposed of 15,000 portable storage and 6,000 modular space units under the Network Optimization Plan.
- Declared a quarterly dividend of $0.07 per share for Q1 2026 and Q1 2025.
- Repurchased 352,900 shares for $7.3 million in Q1 2026.
- $717.1 million remained available for share repurchases as of March 31, 2026.
Price Impact
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