WillScot (NASDAQ:WSC) Issues Quarterly Earnings Results, Beats Estimates By $0.05 EPS

WillScot (NASDAQ:WSC) announced its earnings results on Thursday. The company reported $0.21 earnings per share for the quarter, beating the consensus estimate of $0.16 by $0.05, FiscalAI reports. The firm had revenue of $548.63 million during the quarter, compared to the consensus estimate of $518.17 million. WillScot had a negative net margin of 2.32% and a positive return on equity of 20.42%. The firm’s revenue for the quarter was down 2.0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.26 EPS.

Here are the key takeaways from WillScot’s conference call:

• WillScot raised full‑year 2026 guidance to about $2.25 billion in revenue and ~$915 million in Adjusted EBITDA and now expects leasing revenue to inflect year‑over‑year in the second half of 2026.
• Commercial momentum is improving — total activations were up ~10% year‑over‑year in Q1 (modular activations up ~8%), while enterprise accounts revenue rose 12% and the enterprise pending order book is >25% higher ex‑World Cup.
• The business generated strong cash flow and returned capital — Q1 adjusted free cash flow was $116 million (21% margin), the company repurchased shares and paid dividends (~$20 million), and reduced debt by $76 million with ample liquidity.
• Near‑term margin pressure and local market softness — Q1 Adjusted EBITDA margin compressed to 38.5% due to higher unit prep, delivery & installation mix, rental costs (+9%) and commissions (+33%), and storage/container unit‑on‑rent declines (a previously noted ~$50 million headwind).

WillScot Trading Down 0.4%

Shares of WSC traded down $0.10 during trading hours on Thursday, hitting $23.30. The stock had a trading volume of 2,789,274 shares, compared to its average volume of 2,530,239. The company has a debt-to-equity ratio of 4.15, a quick ratio of 0.78 and a current ratio of 0.86. The firm has a market cap of $4.21 billion, a P/E ratio of -77.67, a P/E/G ratio of 1.72 and a beta of 1.31. The company’s fifty day simple moving average is $19.74 and its 200 day simple moving average is $20.19. WillScot has a 12-month low of $14.91 and a 12-month high of $31.88.

WillScot Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, March 18th. Stockholders of record on Wednesday, March 4th were issued a dividend of $0.07 per share. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date was Wednesday, March 4th. WillScot’s dividend payout ratio is presently -93.33%.

Institutional Investors Weigh In On WillScot

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Osaic Holdings Inc. lifted its position in shares of WillScot by 1,741.1% during the fourth quarter. Osaic Holdings Inc. now owns 13,348 shares of the company’s stock worth $251,000 after purchasing an additional 12,623 shares in the last quarter. Kestra Advisory Services LLC purchased a new position in shares of WillScot in the fourth quarter valued at $87,000. CIBC Asset Management Inc grew its holdings in WillScot by 12.6% during the 4th quarter. CIBC Asset Management Inc now owns 11,534 shares of the company’s stock valued at $217,000 after purchasing an additional 1,291 shares in the last quarter. Keystone Financial Group increased its stake in WillScot by 40.6% during the 3rd quarter. Keystone Financial Group now owns 12,396 shares of the company’s stock worth $262,000 after buying an additional 3,579 shares during the period. Finally, Polymer Capital Management HK LTD purchased a new stake in WillScot during the 3rd quarter worth $226,000. 95.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on WSC. Wall Street Zen cut shares of WillScot from a “hold” rating to a “sell” rating in a research note on Monday, February 23rd. Citigroup reduced their price target on WillScot from $26.00 to $23.00 and set a “buy” rating on the stock in a research note on Monday, March 9th. Oppenheimer raised their price objective on WillScot from $24.00 to $25.00 and gave the stock an “outperform” rating in a report on Monday, February 23rd. William Blair reaffirmed a “market perform” rating on shares of WillScot in a research report on Thursday, March 5th. Finally, Zacks Research upgraded WillScot from a “strong sell” rating to a “hold” rating in a research note on Tuesday, February 24th. Three equities research analysts have rated the stock with a Buy rating, seven have given a Hold rating and one has assigned a Sell rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $23.50.

WillScot Company Profile

WillScot (NASDAQ: WSC) is a leading North American provider of modular space and portable storage solutions. The company designs, manufactures, leases and sells temporary and permanent modular buildings to serve sectors such as education, healthcare, construction, industrial and government. Its modular space offerings range from single‐unit office trailers and classrooms to complex multi‐unit configurations tailored to diverse project requirements.

In addition to modular structures, WillScot offers a broad portfolio of portable storage containers and related services, including site logistics, customization, delivery and installation.