Quarterly ResultMay 7, 2026, 04:38 PM
WillScot Q1 Revenue $549M, Raises 2026 Full-Year Outlook
AI Summary
WillScot Holdings Corporation announced its first quarter 2026 financial results, reporting revenue of $549 million and net income of $28 million. The company exceeded its Q1 2026 outlook for revenue and Adjusted EBITDA, which stood at $211 million. Driven by improving commercial demand, particularly from larger projects, 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 of debt and returned $20 million to shareholders through dividends and share repurchases, while noting continued softness in local markets.
Key Highlights
- Raised 2026 full-year revenue outlook to $2.250 billion.
- Raised 2026 full-year Adjusted EBITDA outlook to $915 million.
- Reported Q1 2026 revenue of $549 million, exceeding outlook.
- Achieved Q1 2026 Adjusted EBITDA of $211 million, exceeding outlook.
- Q1 2026 net income was $28 million, with diluted EPS of $0.15.
- Leasing and services revenue increased year-over-year to $525 million.
- Paid down $76 million of outstanding debt in Q1 2026.
- Returned $20 million to shareholders via $0.07 per share dividend and share repurchases.
Price Impact
More from WSC